On May 22, Fervo Energy fell 7.53% in regular trading, trading at $39.865/share, with trading volume of $19.61 million.

On the news front, the stock had rebounded for three consecutive trading days following an earlier round of profit-taking, reaching an intraday high of $42.57 — a new post-IPO record — representing a cumulative gain exceeding 57% from its $27 IPO price. The sharp short-term rally triggered concentrated selling pressure from profit-takers once again.

Fervo Energy listed on the Nasdaq on May 13 at an IPO price of $27 per share, raising $1.89 billion, backed by institutional investors including Bill Gates' Breakthrough Energy Ventures and Devon Energy. The company surged over 35% on its first trading day, and its stock has since exhibited a volatile pattern of rapid gains followed by profit-taking corrections. With annual revenue of just $138,000 and a net loss of $57.79 million, its first 500-megawatt commercial power plant is not expected to begin grid-connected generation until year-end, leaving fundamental validation still pending and intensifying short-term valuation speculation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)