Fervo Energy opens at $36, far above IPO at $27

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May 13, 2026 1:04 PM EDT
(Updated - May 13, 2026 1:06 PM EDT)

Shares of Fervo Energy opened for trading at $36 on Wednesday, 33% above the company's IPO price of $27 per share.

  • The company upsized it's IPO to 70M shares from 55M it had initially planned.
  • Fervo Energy also originally planned for $21-$24 per share pricing range before raising it to $25-$26, and eventually pricing above that.

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