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Wajeeh Khan

A $20 Million Reason Why Fervo Energy Stock Is in Focus Today

Fervo Energy Fervo FRVO DOE

Fervo Energy (FRVO) shares are in focus on Sept. 22 after the company secured key non-dilutive federal funding for its clean power expansion. The geothermal developer received two Department of Energy (DOE) awards totaling roughly $20 million to advance Enhanced Geothermal Systems (EGS) in Idaho and Nevada.

The announcement arrives as Fervo Energy stock has fallen out of favor with investors, currently trading at less than half its price at the start of 2026.

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