Geothermal developer Fervo Energy files for Nasdaq IPO as losses widen [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
Widening losses According to a filing with the U.S. Securities and Exchange Commission on Friday, the developer reported a net loss of $70.5 million for the fiscal year ended December 31, 2025. The result represents a significant expansion from a net loss of $41.1 million recorded in the previous year. The geothermal power company intends to list its shares on the Nasdaq under the ticker symbol FRVO. The offering is being spearheaded by a top-tier banking syndicate led by JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Royal Bank of Canada (NYSE:RY), and Barclays PLC (LON:BARC). Utah project in focus Central to Fervo's growth narrative is its Cape Station project in Beaver County, Utah. The firm expects the site to become one of the world's largest geothermal installations, with 500 megawatts currently under construction in its first two phases. Power delivery is slated to begin late this year. In a letter included in the filing, Chief Executive Officer Tim
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JPM
Earnings
- 4/14/26 - Beat
JPM
Sec Filings
- 4/17/26 - Form 424B2
- 4/17/26 - Form 424B2
- 4/17/26 - Form 424B2
- JPM's page on the SEC website