Fervo Energy is trading 13.95% up now at $17.52 after announcing a 396-megawatt power purchase agreement with Google for its Cape Station geothermal project in Utah.
- Deliveries are expected to begin in 2028; an option for approximately 600 megawatts could bring purchases to nearly 1 gigawatt by June 2030.
- Active September 1, 2026 trading extends the August 31 close of $15.38; broader energy strength also supports the rally, whose clear catalyst is the contract.