Fervo Energy (FRVO) Q2 2026 earnings — TrendMatrix coverage

Reported EPS

-$0.38

Estimate

-$0.07

Surprise

-470.0%

Revenue (period 2026-06-30)

$113,000

Score at report (before → after)

5.6 → 5.6/10

Revenue source: xbrl.

Fervo Energy (FRVO) reported a wider loss than forecast — diluted EPS of -$0.38 against the -$0.07 estimate (a 470.0% shortfall). TrendMatrix's engine moved from Sell (5.6/10) to Hold at 5.6/10 after the report.

• Brinker International To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Thursday — benzinga, 2026-08-13
• Baird Maintains Outperform on Fervo Energy, Lowers Price Target to $35 — benzinga, 2026-08-13
• Fervo Energy Shares Rise as Investors Weigh Earnings Miss Against Cape Station Progress — benzinga, 2026-08-12

TrendMatrix currently rates FRVO Sell at 5.5/10.

0 of the last 1 quarters beat the estimate; this quarter's -470.0% surprise compares with a -470.0% four-quarter average. Next scheduled report: 2026-11-16.

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current price

$15.43

Price target

$35.45

Stop

$14.32

Upside to target

+129.7%

Reward-to-risk

8.7:1

Model outputs from TrendMatrix’s engine as of 2026-09-17 — shown for context, not personalized investment advice.

Utility earnings are regulatory outcomes on a lag — allowed-return and rate-case posture frame any quarter's print.

Industry

Utilities - Renewable

Market cap

$4.47B

P/E (fwd)

-56.7

52-week range

$14.60–$42.65

Off 52-week high

63.8%

RSI (14)

50

Volume vs avg

0.64×

Score today

5.5/10