Fervo Energy is trading at $17.75, down 10.10%, with the decline appearing to reflect profit-taking after the sharp advance.

  • On September 2, 2026, the stock retreated after closing at $19.75, up 28.41% on September 1.
  • The prior rally followed Fervo’s 396 MW, 15-year Google power-purchase agreement for Cape Station, with potential expansion toward nearly 1 GW.
  • Broader markets are mixed, so macro conditions do not clearly explain the stock-specific decline.