FRVO jumps 28% after Google power deal; agreement arrived sooner
Fervo Energy (FRVO) closed up 28% after announcing a 396-megawatt power purchase agreement with Google. RBC Capital said the deal was expected, but arrived earlier than previously thought.
Shares of Fervo Energy (FRVO) closed 28% higher on Tuesday after it announced a new power deal with Google, a move RBC Capital said was expected but came sooner than the firm had previously thought. The rally followed Fervo’s 396-megawatt power purchase agreement with Google, its largest contract to date.