Fervo Energy Co. (FRVO), a geothermal energy developer based in Houston, reported a loss of $59.5 million in its second quarter. The loss translates to 38 cents per share.
The results did not meet Wall Street expectations, with the average estimate of four analysts surveyed by Zacks Investment Research being a loss of 9 cents per share. The company posted revenue of $113,000 in the period.
Original reporting: Alexandria, VA News – WTOP News — read the source article.
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