Fervo Energy's IPO debut on Nasdaq propelled shares up over 33% from the $27 pricing—above the upsized $25–$26 range—driving a market cap exceeding $10 billion and fueling 95% trader consensus for that outcome at close. This reflects surging demand for the company's enhanced geothermal systems (EGS), which adapt horizontal drilling from oil and gas to deliver scalable, firm baseload clean power critical for AI data centers facing electricity shortages. Backed by Google’s 3-gigawatt framework deal and pilots with Microsoft and Amazon, Fervo’s Cape Station project eyes initial output late 2026. While strong hyperscaler partnerships and AI energy tailwinds support momentum, execution risks like drilling costs, permitting delays, or broader market volatility could challenge the valuation threshold.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedFervo Energy IPO Closing Market Cap
Fervo Energy IPO Closing Market Cap
$10.0B+ 95.8%
$8.5B–$10.0B 2.9%
<$5.5B <1%
$5.5B–$7.0B <1%
$52,870 Vol.
$52,870 Vol.
May 13, 2026
<$5.5B
<1%
$5.5B–$7.0B
<1%
$7.0B–$8.5B
<1%
$8.5B–$10.0B
3%
$10.0B+
96%
No IPO before July 2026
<1%
$10.0B+ 95.8%
$8.5B–$10.0B 2.9%
<$5.5B <1%
$5.5B–$7.0B <1%
$52,870 Vol.
$52,870 Vol.
May 13, 2026
<$5.5B
$2,329 Vol.
<1%
$5.5B–$7.0B
$6,923 Vol.
<1%
$7.0B–$8.5B
$17,979 Vol.
<1%
$8.5B–$10.0B
$5,887 Vol.
3%
$10.0B+
$6,047 Vol.
96%
No IPO before July 2026
$13,705 Vol.
<1%
This market will resolve based on Fervo Energy's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.Fervo Energy's IPO debut on Nasdaq propelled shares up over 33% from the $27 pricing—above the upsized $25–$26 range—driving a market cap exceeding $10 billion and fueling 95% trader consensus for that outcome at close. This reflects surging demand for the company's enhanced geothermal systems (EGS), which adapt horizontal drilling from oil and gas to deliver scalable, firm baseload clean power critical for AI data centers facing electricity shortages. Backed by Google’s 3-gigawatt framework deal and pilots with Microsoft and Amazon, Fervo’s Cape Station project eyes initial output late 2026. While strong hyperscaler partnerships and AI energy tailwinds support momentum, execution risks like drilling costs, permitting delays, or broader market volatility could challenge the valuation threshold.
This market will resolve based on Fervo Energy's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
Market Opened: May 10, 2026, 4:57 PM ET
Volume
$52,870End Date
May 13, 2026Market Opened
May 10, 2026, 4:57 PM ETResolver
0x69c47De9D...This market will resolve based on Fervo Energy's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.Fervo Energy's IPO debut on Nasdaq propelled shares up over 33% from the $27 pricing—above the upsized $25–$26 range—driving a market cap exceeding $10 billion and fueling 95% trader consensus for that outcome at close. This reflects surging demand for the company's enhanced geothermal systems (EGS), which adapt horizontal drilling from oil and gas to deliver scalable, firm baseload clean power critical for AI data centers facing electricity shortages. Backed by Google’s 3-gigawatt framework deal and pilots with Microsoft and Amazon, Fervo’s Cape Station project eyes initial output late 2026. While strong hyperscaler partnerships and AI energy tailwinds support momentum, execution risks like drilling costs, permitting delays, or broader market volatility could challenge the valuation threshold.
This market will resolve based on Fervo Energy's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
As of market creation, the IPO is scheduled to price on May 13 (ET). If no such IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before July".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
Volume
$52,870End Date
May 13, 2026Market Opened
May 10, 2026, 4:57 PM ETResolver
0x69c47De9D...Fervo Energy's IPO debut on Nasdaq propelled shares up over 33% from the $27 pricing—above the upsized $25–$26 range—driving a market cap exceeding $10 billion and fueling 95% trader consensus for that outcome at close. This reflects surging demand for the company's enhanced geothermal systems (EGS), which adapt horizontal drilling from oil and gas to deliver scalable, firm baseload clean power critical for AI data centers facing electricity shortages. Backed by Google’s 3-gigawatt framework deal and pilots with Microsoft and Amazon, Fervo’s Cape Station project eyes initial output late 2026. While strong hyperscaler partnerships and AI energy tailwinds support momentum, execution risks like drilling costs, permitting delays, or broader market volatility could challenge the valuation threshold.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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