Topic: geothermal ipo

Geothermal startup Fervo Energy surges 33% in IPO debut on AI data center demand

Fervo Energy's stock surged 33% in its Nasdaq debut on Wednesday, pushing its valuation past $10 billion, driven by strong investor demand for reliable power sources for AI data centers. The company raised $1.89 billion in an upsized IPO, selling shares at $27 each, and is the second energy start...