FRVO Fervo Energy Company Class A common stock

XNAS 13.75 Delayed
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FRVO $13.75 —
Key stats
$13.75
52-Week Range
$13.10 – $42.65
YTD
-62.37%
IV Rank (30D)
32.14
Straddle Price
$3.58
P/C Vol Ratio
1.26
Market Cap
$4.1B
Open
$13.97
Day Range
$13.31 – $14.05
Volume
5,962,484
Prev Close
$13.80
Fair Value

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.27%
Beta vs SPY2.38
Cost of Equity (CAPM)16.57% (VRP-adj)
WACC5.32%
Volatility Risk Premium-5.7pp (IV − HV30), ERP adj -25bps
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)+3.0%
DCF Horizon5 years explicit + fade
Forward Tilt (NTM/TTM)×1.03 (applied to P/E, EV/EBITDA, P/S)
Debt / Equity0.08
Quality Score1/6 — cyclical/struggling (5y DCF)
SMA 50$17.55 (Market Anchor value)
SMA 20 / Bollinger Mid$15.11
Bollinger Width / SMA20204.4% (drives anchor stability)
Net Debt$-1.9B
Peers used for multiples: CTVA, FCX, FNV, NEM, NTR, ORA, SU, XOM
Blended Fair Value
—
Deviation
—
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) n/a 0%
Peer P/E n/a 0% median 29.1× · 6 peers
Peer EV/EBITDA n/a 0% median 13.0× · 7 peers
Peer P/B n/a 0% median 2.3× · 7 peers
Peer P/S n/a 0% median 4.0× · 7 peers
Market Anchor (SMA50) $17.55 0% stability 0% (BB-width)
Options Expected (B-L 30d) $13.39 0% 7 strikes · skew +0.20
As of 2026-10-09 · updated
About
Industry (SIC)
ELECTRIC SERVICES (4911)
Exchange
XNAS
Market Cap
$4.1B
List Date
2026-05-13
CIK
0001853868
Next Earnings
2026-11-11 (Pre-Market)
EPS Forecast
($0.09) (2 est.)
Headquarters
Houston, TX
Homepage
https://www.fervoenergy.com

Fervo Energy Co operates as a geothermal energy developer that builds, owns, and operates geothermal power facilities. Its innovations include technologies such as computational models, horizontal drilling, and distributed fiber optic sensing. The company's revenue is derived mainly from the sale of electricity from geothermal resources, facilitated through long-term PPAs with utilities and other entities.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'26Avg
Jan----
Feb----
Mar----
Apr----
May0.33%0.33%
Jun-17.82%-17.82%
Jul-22.99%-22.99%
Aug-30.69%-30.69%
Sep-31.19%-31.19%
Oct-4.91%*-4.91%
Nov----
Dec----
Total-71.20%-71.20%
* Only 1 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $15.01
SMA 50: $17.38
SMA 200: —
Current: $13.75
EMA 12: $14.39
EMA 26: $15.48
MACD: -1.0927 | Signal: 0.0446
BEARISH
ADX (14): 10.05
RANGE
+DI: 19.89
−DI: 22.27

Momentum Oscillators

RSI (14): 39.28
NEUTRAL
Stoch %K: 13.60
Stoch %D: 15.27
Williams %R: -88.06

Volume & Volatility

BB Upper: $17.41
BB Lower: $12.62
NEUTRAL
OBV: -40,837,812
Vol SMA 20: 7,402,081
Vol ROC: -43.08%
ATR: $1.29
True Range: $0.74
HV 20: 70.8%
HV 30: 110.6%
HV 60: 126.6%

Data Summary

Data Points: 104
Last Updated:
Date Range: 2026-05-13T00:00:00 – 2026-10-09T00:00:00
AI Analysis

FRVO (Fervo Energy) - Comprehensive Stock Analysis Report

Executive Summary

Overall Assessment: BEARISH | Confidence Level: 6.5/10

Key Drivers & Primary Risks:

  • Bearish Driver: Severe technical deterioration with price 20.6% below SMA 20 ($13.93 vs $15.11), compounded by negative MACD histogram (-1.15) and collapsing volume (-66.32% VRoC)
  • Primary Risk: Extreme volatility (HV60: 127.1%, Beta: 2.37) combined with post-IPO transmission curtailment concerns creating fundamental uncertainty
  • Offsetting Factor: Recent positive operational milestone (Cape Station commercial operation ahead of schedule) and strong Google partnership provide long-term optionality

Investment Thesis: FRVO is caught in a post-IPO correction with significant technical damage and negative near-term sentiment, but faces a critical inflection point. The stock has oversold into support ($12.79 Bollinger lower band) with mixed fundamental signals—operational success at Cape Station contradicts transmission curtailment concerns. High beta (2.37) and extreme volatility suggest this is a high-risk, high-reward positioning requiring strong conviction and risk management discipline.

Recent News Sentiment Impact: News sentiment is mixed but tilted negative (60% negative vs 40% positive). The October 1st headline about "Investor Scrutiny Amid Post-IPO Transmission Curtailment Revelation" likely triggered the 16.4% weekly decline noted on 9/30. Positive operational news (Cape Station milestones on 10/1 and 9/29) appears insufficient to offset infrastructure concerns, suggesting market is pricing execution and transmission risk as material headwinds.

Technical Analysis

Trend Direction

Short-term (1-4 weeks): BEARISH

  • Price at $13.93 is trading 20.6% below SMA 20 ($15.11), signaling clear short-term downtrend
  • EMA 12 ($14.52) trades above price, confirming bearish momentum
  • ADX at 10.39 indicates weak trend strength, but directional bias remains downward

Medium-term (1-3 months): BEARISH

  • Price trading 20.6% below SMA 50 ($17.55), establishing intermediate downtrend
  • MACD deeply negative (-1.11 value with -1.15 histogram) with no recovery signal
  • Recent price action suggests lower lows likely if support breaks

Long-term (3-12 months): NEUTRAL/DATA LIMITATION

  • SMA 200 data unavailable, preventing full trend assessment
  • Recent IPO status suggests insufficient historical data for 3-12 month trend establishment
  • Geothermal sector tailwinds (Google partnership, energy transition) provide structural upside if operational execution succeeds

Support/Resistance Levels

Critical Support Levels (in order of strength): | Level | Type | Interpretation | |-------|------|-----------------| | $12.79 | Bollinger Lower Band | Extreme oversold support; break below suggests capitulation | | $12.00 | Psychological/Technical | Round number and prior technical support likely | | $11.50 | Estimated 52-week low zone* | *SMA 200 unavailable; extrapolated from trend |

Resistance Levels: | Level | Type | Interpretation | |-------|------|-----------------| | $15.11 | SMA 20 | Immediate resistance; reclaiming required for trend reversal | | $17.43 | Bollinger Upper Band | Structural resistance; would require significant bullish catalyst | | $17.55 | SMA 50 | Significant resistance representing -20.6% recovery requirement |

Momentum Signals

RSI (14): 40.01 - NEUTRAL WITH BEARISH BIAS

  • Reading of 40 sits between oversold (<30) and neutral (30-70), indicating moderate selling pressure without capitulation
  • RSI approaching 30 territory would signal potential mean reversion opportunity, but not yet there
  • Lack of clear oversold extremes suggests more downside possible before bounce

MACD: BEARISH CROSSOVER CONFIRMED

  • MACD line (-1.11) deeply below signal line (0.04) with histogram of -1.15
  • Magnitude of histogram indicates strengthening bearish momentum, not weakening
  • No evidence of bullish crossover setup; MACD requires price recovery to form
  • Red flag: MACD has not curved upward, meaning momentum is still deteriorating

Stochastic Oscillators: DEEPLY OVERSOLD

  • Stochastic %K at 17.92 and %D at 16.44—both in extreme oversold territory
  • Williams %R at -84.84 (scale: 0 to -100) indicates strongest oversold signal
  • These readings suggest potential for mean reversion bounce, but only with price stability first

Bollinger Bands: NEUTRAL, SLIGHTLY OVERSOLD

  • Price at $13.93 sits between lower band ($12.79) and middle band ($15.11)
  • Width of 30.68 indicates moderate volatility squeeze (not at extremes)
  • Position in lower half of bands suggests slight oversold condition but no extreme compression

Volume Analysis

Critical Volume Deterioration:

  • Volume Rate of Change: -66.32% — This is the most alarming signal. Volume has collapsed to 34% of its 20-day average
  • Volume SMA 20: 7.34M shares; current volume likely ~2.5M shares
  • On-Balance Volume: -33.5M — Deeply negative, indicating consistent selling pressure over time
  • Collapsing volume on downmove suggests lack of capitulation (capitulation requires HIGH volume)

Institutional Activity Assessment:

  • Red Flag: Volume collapse contradicts institutional accumulation narratives
  • Typical institutional buying supports volume; the -66.32% VRoC suggests retail-driven selling with institutional sidelines
  • Low volume makes price action less reliable and increases whipsaw risk

Interpretation: Volume deterioration without oversold extremes is concerning—it suggests selling pressure is exhausting but a bottom may not be imminent. This is a "slow bleed" rather than a "capitulation bounce" setup.

News & Sentiment Analysis

Recent Headlines Summary

Positive News (2 headlines):

  1. Cape Station Commercial Operation (10/1 & 9/29): Fervo achieved first power at Cape Station AHEAD OF SCHEDULE, demonstrating operational execution capability. This validates geothermal EGS (Enhanced Geothermal Systems) commercial viability.
  2. Google Partnership (9/1): Largest geothermal power deal ever made with Google, providing marquee customer and revenue visibility. This is structural validation of the entire business model.

Negative News (3 headlines):

  1. Post-IPO Transmission Curtailment Revelation (10/1): "Investor Scrutiny Amid Transmission Curtailment" suggests infrastructure constraints may limit Cape Station output or project scalability. This is a material operational/regulatory risk.
  2. Technical Stock Weakness (9/30): 16.4% decline in one week and stock at "lowest valuation"—neutral news framing but market context suggests capitulation selling.

Sentiment Assessment

Aggregate Sentiment: MIXED-TO-NEGATIVE (60% negative)

  • Positive operational and partnership news is overshadowed by transmission constraints concern
  • Market appears to be repricing geothermal opportunity downward pending transmission resolution
  • Recent headlines (10/1) show news flow from POSITIVE (Cape Station) to NEGATIVE (transmission) on same day—confusing market signal

Catalyst Identification

Immediate (1-7 days):

  • Transmission curtailment resolution or clarity from Fervo management
  • Potential analyst downgrades citing infrastructure constraints
  • Options expiration (43 DTE mentioned) creates gamma/vega dynamics

Near-term (1-4 weeks):

  • Cape Station performance metrics (ramp, efficiency, capacity factor)
  • Management commentary on transmission issues and workarounds
  • Potential customer announcements (Google offtake confirmation, other contracts)

Medium-term (1-3 months):

  • Next geothermal project milestones
  • Regulatory/permitting developments on transmission infrastructure
  • Sector trends on renewable energy financing and policy

Market Narrative Analysis

Narrative Conflict - CRITICAL DISCONNECT:

  • Technical Narrative: Stock is in early-stage downtrend with weak momentum and collapsing volume—suggests further weakness
  • Fundamental Narrative: Operational execution
Generated
News
All FRVO news →
Showing 1–10 of 12
Page 1 of 2
Earnings History
2 of 2 under expected move
Avg Expected Move
18.64%
Avg Actual Move
13.68%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2026-06-22 unknown 20.10% 10.77% 0.54x Within
2026-08-12 Pre-Market 17.17% 16.59% 0.97x Within

Earnings calendar: this week’s reports with expected vs actual moves →

FRVO Options Activity & IV Rank

FRVO IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 96.0%
7-DTE IV: 82.8%
Expected Move: $3.58
7-DTE Move: $1.58
Days to Exp: 42 (2026-11-20)

Options Flow

Call Volume: 420
Put Volume: 528
P/C Volume: 1.257
NEUTRAL
Call OI: 4,667
Put OI: 5,882
P/C OI: 1.26
Total OI: 10,549

ATM Options Pricing

ATM Call: $2.38
ATM Put: $1.20
Call %: 17.3%
Put %: 8.7%

Chain Summary

Chain Volume: 5,466
Chain OI: 154,364
Last Updated: 10/9/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 64th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
64%
vs own history
GEX tilt
-0.42
OI-weighted, today
Vanna tilt
+0.11
δ-sensitivity to IV
Charm tilt
-0.10
δ-decay vs time

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 16 ATM contracts, 38k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
as of Oct 9 · No data
30 DTE / 10d —
— pts EXTREME
as of Oct 9 · No data

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)5.7LowOct 9
IV Rank (30 DTE)32.1MediumOct 9
Straddle Price (30 DTE)$3.58Oct 9
Beta Analysis

Risk Metrics

Beta: 2.3649
Alpha: -201.94%
Correlation: 0.2489
R-Squared: 6.2%
Stock Volatility: 117.1%
Market Volatility: 12.3%

Analysis Details

Benchmark: SPY
Data Points: 103
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own FRVO
6 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Citadel Hedge fund
Ken Griffin
$46.8M
0.03%
#716 of 6285new13F
Point72 Hedge fund
Steve Cohen
$29.7M
0.05%
#470 of 1946new13F
Viking Global Hedge fund
Andreas Halvorsen
$21.9M
0.06%
#83 of 90new13F
Soros Fund Management Family office
George Soros, Robert Soros, Jonathan Soros
$19.6M
0.26%
#106 of 251new13F
Millennium Management Hedge fund
Izzy Englander
$16.0M
0.01%
#1272 of 3717new13F
Rockefeller Capital Management Family office
Rockefeller family
$0K
0.00%
#4637 of 4729new13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

FRVO Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 157,003,000 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

189 filers185,975,020 shares$5.45B value118.45% of float
# Filer Shares Value % of Total % of Float Period
1 Devon Energy Corp/DE 35,728,296 $1.04B 19.17% 22.76% 2026-06-30
2 Capricorn Investment Group LLC 34,227,393 $1.00B 18.36% 21.80% 2026-06-30
3 JPMorgan Chase & Co Custodian 7,566,646 $240.39M 4.41% 4.82% 2026-06-30
4 Canada Pension Plan Investment Board 7,298,685 $213.34M 3.92% 4.65% 2026-06-30
5 Capital Research Global Investors 6,004,702 $175.52M 3.22% 3.82% 2026-06-30
6 BlackRock, Inc. Custodian 4,529,397 $132.39M 2.43% 2.88% 2026-06-30
7 Wellington Management Group LLP Custodian 4,433,801 $129.60M 2.38% 2.82% 2026-06-30
8 T. Rowe Price Investment Management, Inc. 3,996,908 $116.83M 2.14% 2.55% 2026-06-30
9 Liberty Mutual Group Asset Management Inc. 3,880,626 $113.43M 2.08% 2.47% 2026-06-30
10 UBS Group AG Custodian 3,666,360 $107.17M 1.97% 2.34% 2026-06-30
11 Norges Bank 3,200,000 $93.54M 1.72% 2.04% 2026-06-30
12 Victory Capital Management Inc. 3,086,895 $90.23M 1.66% 1.97% 2026-06-30
13 Vanguard Capital Management LLC 3,081,280 $90.07M 1.65% 1.96% 2026-06-30
14 Vanguard Portfolio Management LLC 3,057,458 $89.37M 1.64% 1.95% 2026-06-30
15 T. Rowe Price Associates, Inc. 2,658,721 $77.72M 1.43% 1.69% 2026-06-30
16 Invesco Ltd. Custodian 2,585,405 $75.57M 1.39% 1.65% 2026-06-30
17 FMR LLC Custodian 2,315,797 $67.69M 1.24% 1.48% 2026-06-30
18 Value Aligned Research Advisors, LLC 2,160,607 $63.15M 1.16% 1.38% 2026-06-30
19 Robeco Schweiz AG 1,969,224 $57.56M 1.06% 1.25% 2026-06-30
20 Ameriprise Financial, Inc. Custodian 1,886,436 $55.14M 1.01% 1.20% 2026-06-30
21 SCOPUS ASSET MANAGEMENT, L.P. 1,833,745 $53.60M 0.98% 1.17% 2026-06-30
22 AllianceBernstein L.P. 1,769,587 $52.25M 0.96% 1.13% 2026-06-30
23 Alphabet Inc. 1,760,732 $51.47M 0.94% 1.12% 2026-06-30
24 Jupiter Topco LLC 1,648,925 $48.20M 0.88% 1.05% 2026-06-30
25 Citadel Advisors LLC Custodian 1,599,768 $46.76M 0.86% 1.02% 2026-06-30
7 filers$29.24M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $9.76M 33.39% 2026-06-30
2 Jane Street Group, LLC Custodian $6.17M 21.11% 2026-06-30
3 PEAK6 LLC $5.95M 20.36% 2026-06-30
4 Citadel Advisors LLC Custodian $3.55M 12.14% 2026-06-30
5 SCOPUS ASSET MANAGEMENT, L.P. $2.19M 7.50% 2026-06-30
6 UBS Group AG Custodian $876.90K 3.00% 2026-06-30
7 Caption Management, LLC $730.75K 2.50% 2026-06-30
3 filers$6.01M notional
# Filer Notional Value % of Total Period
1 Jane Street Group, LLC Custodian $3.19M 53.14% 2026-06-30
2 Susquehanna International Group, LLP Custodian $1.66M 27.56% 2026-06-30
3 Citadel Advisors LLC Custodian $1.16M 19.30% 2026-06-30

FRVO Insider Trading (Form 4)

Latest: 2026-05-18
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-05-18 II Robert Richard Keehan Director Grant (A) +9,259 RSU — EDGAR
2026-05-18 Robert Ferrall Lowe III Director Grant (A) +9,259 RSU — EDGAR
2026-05-18 Rodgers Uhl Jessica Director Grant (A) +9,259 RSU — EDGAR
2026-05-18 Anne M Cleary Director Grant (A) +52,423 opt — EDGAR
2026-05-18 Margaret C Whitman Director Grant (A) +9,259 RSU — EDGAR
2026-05-18 Ion Yadigaroglu Director Conv (C) +34,227,390 — EDGAR
2026-05-18 Technology Impact Fund, LP 10%+ Owner Conv (C) +136,909,560 — EDGAR
2026-05-15 DEVON ENERGY CORP/DE Director Conv (C) +35,728,296 — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

FRVO Insider Holdings

3 insiders · @ $13.75
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 DEVON ENERGY CORP/DE Director 35,728,296 $491.26M $0 1 2026-05-15
2 Ion Yadigaroglu Director 34,227,390 $470.63M $0 1 2026-05-18
3 Technology Impact Fund, LP 10%+ Owner 14,962,430 $205.73M $0 1 2026-05-18
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
24 ETFs hold FRVO
24 shown · $114.51M total exposure · 0.00% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $33.7M — 2026-08-31
2 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.01% $24.4M — 2026-08-31
3 VBR Vanguard Morningstar Small-Cap Value ETF Vanguard 0.02% $15.5M — 2026-08-31
4 VXF Vanguard Extended Market ETF Vanguard 0.01% $12.8M — 2026-08-31
5 VPU Vanguard Utilities ETF Vanguard 0.08% $8.4M — 2026-08-31
6 IWR iShares Russell Mid-Cap ETF iShares (BlackRock) 0.01% $4.4M $56.8B 2026-10-08
7 PBW Invesco WilderHill Clean Energy ETF Invesco 1.28% $4.2M — 2026-10-08
8 IWD iShares Russell 1000 Value ETF iShares (BlackRock) 0.00% $2.1M $82.9B 2026-10-08
9 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.00% $1.5M $98.1B 2026-10-08
10 IWS iShares Russell Mid-Cap Value ETF iShares (BlackRock) 0.01% $1.5M $15.3B 2026-10-08
11 EQAL Invesco Russell 1000 Equal Weight ETF Invesco 0.18% $1.4M — 2026-10-08
12 IDU iShares U.S. Utilities ETF iShares (BlackRock) 0.07% $986,907 $1.4B 2026-10-08
13 IWB iShares Russell 1000 ETF iShares (BlackRock) 0.00% $733,967 $49.6B 2026-10-08
14 CSNR Cohen & Steers Natural Resources Active ETF Nport 0.77% $697,136 — 2027-03-31
15 SMMD iShares Russell 2500 ETF iShares (BlackRock) 0.02% $643,370 $4.1B 2026-10-08
16 IWP iShares Russell Mid-Cap Growth ETF iShares (BlackRock) 0.00% $579,103 $20.1B 2026-10-08
17 IWF iShares Russell 1000 Growth ETF iShares (BlackRock) 0.00% $385,917 $130.5B 2026-10-08
18 IWV iShares Russell 3000 ETF iShares (BlackRock) 0.00% $292,726 $20.6B 2026-10-08
19 VTWO Vanguard Russell 2000 ETF Vanguard 0.00% $259,368 — 2026-08-31
20 IYY iShares Dow Jones U.S. ETF iShares (BlackRock) 0.00% $40,379 $3.1B 2026-10-08
21 VTWG Vanguard Russell 2000 Growth ETF Vanguard 0.00% $25,039 — 2026-08-31
22 VTWV Vanguard Russell 2000 Value ETF Vanguard 0.00% $8,151 — 2026-08-31
23 VTHR Vanguard Russell 3000 ETF Vanguard 0.00% $4,906 — 2026-08-31
24 ISCB iShares MSCI USA Small-Cap ETF iShares (BlackRock) — — $273.4M 2026-10-08
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Quarterly figures (1 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$113.00K$-59.53M$-0.38$-34.74M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-13
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
25.72M
SI % of Float
14.16%
Days to Cover
3.59
Short Vol Ratio
46.1%
Free Float
181.65M
Float %
63.3%
Short interest 2026-09-30 • Short volume 2026-10-09 • Float 2026-08-14