May. 14 at 2:42 PM
$DVN Fervo Energy jumps 35% in debut! Fervo Energy, a Houston-based geothermal energy firm that drills deep into the earth to harness steam to generate electricity, jumped 35% to
$36.54 after it made its debut on the Nasdaq on Wednesday. It trades under the ticker FRVO.
Fervo sold
$1.9 billion worth of shares at
$27 each late Tuesday, in the largest energy or utility initial public offering since 2013, according to Renaissance Capital.
