Fervo Energy is trading 16.25% up at $17.88 after energy stocks rallied alongside higher crude prices and escalating U.S.-Iran tensions.

  • Reuters reported renewed fighting increased fears of Middle East supply disruptions, with Brent crude above $91 per barrel.
  • Energy stocks were up 1.75% pre-market while major U.S. indexes declined, indicating a sector-driven move rather than a company-specific catalyst.