Stock fact sheet · data as of
Fervo Energy Company (FRVO): fair value, margin of safety and Wheel Score
Ticker symbol FRVO · Utilities · Renewable Utilities · United States · Class A common stock · Speculative
FRVO is Fervo Energy Company's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is FRVO undervalued?
FRVO closed at 8.90 on 5 Nov 2026, more than 30% above the GLS average fair value of 0.7405. Only 0 of the 1 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the "below fair value" Wheel Trade Filter keeps names like this under 70.
The average is built from just 1 models (DCF) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files FRVO under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for FRVO
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 0.7405 | -92% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -3.22 | -136% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 39.17 | +340% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
No Piotroski health score is on file for FRVO (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. A GLS Moat score of 0.0/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -1855.7%, ROE 28.6%, ROA -5.2% - with debt at -1.02 times equity and negative free cash flow.
Fervo Energy Company pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 8/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | -1855.7% |
|---|---|---|---|
| GLS Moat | 0.0 / 10 | ROE | 28.6% |
| Debt / equity | -1.02 | ROA | -5.2% |
| Free-cash-flow yield | -16.9% | Payout ratio | 0% |
| Institutions | 8 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 22: Weak
With a Wheel Score of 22 Fervo Energy Company sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades 1102% above our fair value; and filter 5, can repay its debt - debt with no positive cash flow to repay it; and filter 7, a premium worth selling - implied volatility 103% (over 80%); Value (weak) is its weakest part.
Implied volatility is 103%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. The option chain is deep: 70,929 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 9.6M shares a day on a market cap of $2.6B, with a beta of 1.54 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 1102% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Fails | debt with no positive cash flow to repay it |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 103% (over 80%) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 1102% above fair value | |
| Premium | Weak | implied volatility 103% | |
| Moat | Weak | moat 0.0/10 | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Good | Red Flags score 85/100 | |
| Option trading | Strong | 12,880 contracts a day, 70,929 open interest | |
| Stability | Fair | beta 1.54, $2.6B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Fervo Energy Company reports earnings on 9 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Renewable Utilities
The 12 companies below are the closest to Fervo Energy Company by market cap within the Renewable Utilities industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| RNW ReNew Energy Global Plc | 6.93 | 12.45 | +44% | 48Weak | $2.5B |
| MWH SOLV Energy, Inc. Class A Common Stock | 26.35 | 14.78 | -78% | 31Weak | $3.3B |
| BEPC Brookfield Renewable Corporation | 31.56 | 22.79 | -38% | 26Weak | $4.8B |
| ORA Ormat Technologies, Inc. | 94.34 | 34.84 | -171% | 42Weak | $5.8B |
| CWEN Clearway Energy, Inc. | 35.71 | 115.85 | +69% | 46Weak | $7.3B |
| BEPH Brookfield BRP Holdings (Canada) Inc 4.625 % Notes 2021-Without Fixed Maturity Global Sub | 13.88 | 9.06 | -53% | 14No options | $9.2B |
| BEP Brookfield Renewable Partners L.P. | 30.91 | 12.93 | -139% | 31Weak | $9.3B |
| BEPI Brookfield Renewable Partners L.P. | 14.73 | 9.25 | -59% | 18No options | $9.3B |
| XIFR XPLR Infrastructure, LP | 7.72 | 37.05 | +79% | 51Fair | $728M |
| ENLT Enlight Renewable Energy Ltd | 67.65 | 24.36 | -178% | 36Weak | $9.5B |
| GFUZ General Fusion Group Ltd. | 5.66 | 1.41 | -301% | 15Weak | $457M |
| ELLO Ellomay Capital Ltd. | 18.80 | 103.26 | +82% | 26No options | $259M |
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Start free See the Sunday ScanQuestions about FRVO
What kind of share is FRVO?
FRVO is Fervo Energy Company's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is FRVO undervalued right now?
No: at 8.90 the stock trades 1102% above the GLS average fair value of 0.7405 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of FRVO and what does it mean?
FRVO scores 22 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 5, 7. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for FRVO?
0.7405 per share as of 5 Nov 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Fervo Energy Company report earnings next?
The next earnings report is due on 9 Nov 2026 (before the open), 4 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does FRVO have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 70,929 open interest across all expiries and implied volatility of 103% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.