Fervo Energy (FRVO) Investor Alert: Johnson Fistel Begins Investigation Following Recent Company Disclosures

SAN DIEGO, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP, a shareholder rights law firm, is investigating potential federal securities law claims on behalf of investors in Fervo Energy Company (NASDAQ: FRVO). The inquiry follows Fervo’s August 12, 2026 disclosures concerning potential transmission curtailments affecting its Cape Station project, the Company’s expected 2027 revenue, and remaining commissioning activities. Investors who purchased Fervo securities and suffered losses may contact the firm at no cost to discuss their legal rights.

WHAT SHOULD FERVO INVESTORS DO?

If you purchased Fervo securities pursuant or traceable to the Company’s May 2026 initial public offering, or otherwise purchased Fervo securities and suffered losses on your investment, you are encouraged to contact Johnson Fistel to learn more about the investigation.

To learn more about the investigation, click here.

For more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471.

There is no cost or obligation to you.

WHY JOHNSON FISTEL IS INVESTIGATING FERVO ENERGY

On August 12, 2026, Fervo reported its second-quarter financial and operational results and provided an update concerning the development and commissioning of Cape Station Phase I.

During the Company’s earnings call, Fervo provided a preliminary 2027 revenue outlook of between $60 million and $80 million, while emphasizing that the range did not constitute formal revenue guidance. Management explained that the breadth of the range reflected potential transmission curtailments affecting the lines connecting Cape Station with its customers, rather than Fervo’s production, construction, or the operation of its GeoBlocks.

Fervo Chief Executive Officer Tim Latimer stated that the Company had been monitoring the transmission issue for some time and believed that “now is the right time to begin talking about it.” Latimer explained that the potential curtailment related to another asset being added to the transmission operator’s network. Fervo said it believed the transmission circumstances were unique to 2027 and would not recur in subsequent years.

Fervo also disclosed that additional work remained before GeoBlock 1 could achieve grid synchronization and before revenue anticipated by analysts for the fourth quarter of 2026 could materialize. Fervo said it continued to believe the analysts’ estimate was achievable. The remaining activities included completion of substation work, hot commissioning, and coordination with grid counterparties.

In light of these disclosures, Johnson Fistel is investigating whether Fervo Energy complied with federal securities laws, including whether the Company adequately disclosed material information concerning Cape Station’s transmission availability, potential curtailment, commissioning requirements, and expected commercialization.

ABOUT JOHNSON FISTEL, PLLP | SECURITIES FRAUD & INVESTOR RIGHTS

Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder litigation involving securities fraud, breaches of fiduciary duties, and other violations of state and federal law.

Johnson Fistel has been recognized as one of the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services. In 2024, the firm recovered approximately $90,725,000 for investors.

Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. This press release may be considered a promotional communication. The attorney responsible for this communication is Frank J. Johnson.

CONTACT

Johnson Fistel, PLLP
501 W. Broadway, Suite 800
San Diego, CA 92101
James Baker, Investor Relations – or – Frank J. Johnson, Esq.
(619) 814-4471
jimb@johnsonfistel.com | fjohnson@johnsonfistel.com