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I’ve Been Taking a Beating on This AI Energy Stock. Here’s Where I’m Looking to Add More Shares – and Why.

Fervo Google IPO

Fervo Energy (FRVO) stock is up 29% today after the company announced a 396-megawatt (MW) power purchase agreement (PPA) with Google (GOOG) (GOOGL) to enable the continued development of the Cape Station enhanced geothermal systems (EGS) GeoCluster, expected to come online in 2028.

"As demand for reliable electricity grows, customers like Google need energy resources that can be deployed at scale, operate around the clock, and deliver where power is needed,” said Fervo CEO Tim Latimer in a press release. “This new PPA is part of our repeatable commercial model that enables us to meet customer needs and directly deliver clean, firm power to large electricity users.”

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