Fervo Energy is trading 4.89% down at $17.10, with no new company-specific announcement identified to explain the September 3 decline.

  • It closed at $17.98 on September 2, continuing a volatile retreat.
  • The Google agreement covers 396 MW from Cape Station, with an option for approximately 600 MW more; it drove the earlier rally rather than directly explaining today’s drop.
  • Broader markets are rising; profit-taking after the sharp September 1 advance is plausible but unconfirmed.