On May 20, Fervo Energy rose 5.28% in regular trading, trading at $38.1/share, with trading volume of $32.14 million. The rebound follows a prior-session decline of approximately 5.55%, which was attributed to concentrated profit-taking after the stock's cumulative gain exceeded 50% since its IPO.

Fervo Energy debuted on Nasdaq on May 13 at an IPO price of $27/share, raising $1.89 billion with backing from Bill Gates' Breakthrough Energy Ventures and Devon Energy. The stock surged over 35% on its first trading day and continued climbing above $41 before the pullback. Following the prior session's decline, the stock rebounded 7.1% in after-hours trading, and today's move extends that recovery. The company's first 500MW commercial geothermal plant is expected to begin grid-connected power generation before year-end, amid surging AI data center electricity demand, sustaining market interest in the stock's long-term outlook.

(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.)