Fervo Energy is trading 4.07% down at $15.31 after Schall, Brown & Schwartz announced an investigation into potential securities-law violations.
- The inquiry follows August 12 disclosures involving possible transmission curtailments at Cape Station, commissioning requirements, and expected commercialization.
- The announcement provides the clearest company-specific explanation for the decline.
- Broader markets remain slightly positive, limiting support for a macro-driven selloff.