Fervo Energy Company (FRVO) Scrutinized in New Report Questioning Geothermal Narrative, Stock Closes 46% Below IPO
Hagens Berman announced it has expanded its investigation of Fervo Energy to include conclusions from an October 6 Morpheus Research report alleging undisclosed thermal decline, ~30% water loss, and seismicity-related equipment damage at Fervo's EGS projects. No lawsuit has been filed and no class has been certified; the release is primarily a solicitation for investors with losses and whistleblowers, with contact CTAs and an SEC whistleblower-program pitch.
Key figures
- Ipo price
- $27
- Stock close
- $14.33
- Discount to ipo
- 46%
- Project red water loss rate
- ~30%
- Yellow level seismic events
- ~58
AI analysis
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