Fervo Energy (FRVO) Q3 2026 earnings — TrendMatrix coverage

Adjusted EPS

-$0.11

Estimate

-$0.07

Surprise

-70.7%

Score today

5.9/10

Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.

Fervo Energy (FRVO) reported a wider loss than forecast — adjusted EPS of -$0.11 against the -$0.07 estimate (a 70.7% shortfall).

• Fervo CEO Says Cape Station on Track as Google Deal Lifts Backlog to $11.9 Billion — benzinga, 2026-11-10
• Baird Maintains Outperform on Fervo Energy, Lowers Price Target to $20 — benzinga, 2026-11-10
• Dow Surges 1,100 Points As Oil Prices Fall: Investor Sentiment Improves, Greed Index Moves To ‘Fear’ Zone — benzinga, 2026-11-10

TrendMatrix currently rates FRVO Sell at 5.9/10; no pre/post engine snapshot brackets this report.

0 of the last 2 quarters beat the estimate; this quarter's -70.7% surprise compares with a -270.3% four-quarter average.

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

$11.06

Price target

$29.16

Stop

$10.29

Upside to target

+163.5%

Reward-to-risk

10.9:1

Model outputs from TrendMatrix’s engine as of 2026-11-10 — 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

$3.35B

P/E (fwd)

-35.5

52-week range

$7.64–$42.65

Off 52-week high

74.1%

RSI (14)

60

Volume vs avg

0.62×

Score today

5.9/10