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Why Fervo Energy Stock Surged This Week

The company's signing of an agreement with an industry powerhouse led to fervent investor enthusiasm for Fervo stock.

  • Fervo Energy's stock surged 297% after securing a 15-year power purchase agreement with Alphabet.
  • The company's contracted revenue backlog grew to $11.9 billion, driven by the new deal with Google.
  • Fervo's Utah facility is expected to produce multi-gigawatts of clean, continuous electricity.

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