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$FRVO .... geothermal potential
Q3 marked the transition from pure development to a commercial power producer.
Fervo Energy secures a 15-year, 396-MW $GOOG deal, with initial power deliveries targeted for mid-2028.
Cape Station's first GeoBlock is operational, with 2 more likely to bring total capacity to 100 MW by 2027.
FRVO targets $5,500 per kW in construction costs as binding agreements reach 1,054 MW, worth $11.9 billion.
Financial highlights
Revenue: $116,000 (vs. $55k YoY). This reflected only one day of commercial operation for GeoBlock 1.
Operating loss: $43.7 million (wider than prior periods due to higher G&A).
Net income: $11.7 million (boosted by $15.4M interest income on the large cash balance, an $11.8M non-cash interest-rate swap gain, and a $29.9M tax benefit from credits as assets were placed in service).
Net loss attributable to common stockholders: $20.8 million or $(0.07) per share (includes significant non-cash stock-based compensation).
CapEx: $256.7 million (primarily Cape Station).
Cash: $1.9 billion unrestricted; total debt $301.6 million.
Guidance update: H2 2026 CapEx lowered to $700–750 million (from $850–900 million) due to construction efficiencies, with no change to commercial dates or total investment. Q4 CapEx guided at $450–500 million. Q4 revenue expected in line with prior outlook (first full quarter from Cape Station); 2027 revenue outlook unchanged at roughly $60–80 million (previously noted as not formal guidance and affected by potential transmission curtailment unique to 2027).
BREAKING: The 11 House Democrats who missed the vote that killed Thomas Massie's Hegseth impeachment resolution have all received significant pro-Israel AIPAC money in Congress.
Just seven of them voting against the referral motion would have flipped the 211-204 result.
Haley Stevens (MI): $15.9M
Laura Gillen (NY): $551K
Marilyn Strickland (WA): $371K
Steven Horsford (NV): $214K
Nancy Pelosi (CA): $166K
Julia Brownley (CA): $134K
Brittany Pettersen (CO): $125K
Lou Correa (CA): $80K
Frederica Wilson (FL): $39K
Melanie Stansbury (NM): $28K
Jonathan Jackson (IL): $21K
Haley Stevens is the highest AIPAC recipient in Congress.
thank god I have a lot $NRGV - earnings from yesterday had revenue at 13mil which means they need a BIG payment in q4 to be at 310 million for 2026 https://t.co/8tsoVqaogo
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JUST IN: 🇪🇺🇺🇸🇷🇺 The humiliation of the EU in negotiations with Russia continues.
Trump’s son in law Kushner stated that Europe should identify a single negotiator if they want Russia to include them in the negotiations:
"That would be a bigger achievement than getting the Russians to include them in the negotiation."
$NLST earnings call - SK hynix next license catalyst. Hong said “I think we can deduce what the next logical license would be” ...
didn't mention anything about uplisting so maybe saving that news for later ...?
products they're working on-
🇺🇸 WTF is this thing flying near a U.S. military base in Alaska?
A woman in Anchorage was taking pictures of a rainbow when she spotted something bizarre in the sky.
It looked like a giant jellyfish, with dark tentacle-like parts dangling underneath.
The thing hovered for about 3 minutes before suddenly disappearing.
Even stranger, it was spotted in the direction of a U.S. military base that houses F-22 fighter jets.
She and her husband went looking for a kite or anything that could explain it, but found nothing.
Whatever that thing was, it sure didn't look like anything we've built on this planet.
Source: Daily Mail / Writer: Daniyal
$CTM announced a buyback today which helps their stale earnings for q3 .. they said they wanted to focus on acquisitions to increase shareholder value.. at about $0.63, $6M buys roughly 9.5M shares. That’s about 10% of the about 94.9M shares outstanding and about 38% of the company’s cash. Any real deal would likely need new shares (they filed a $100M shelf registration earlier this year) or debt.... will prob see how they rise after this but not confident
Q3 2026 results-
Revenue: $14.7M, vs. $14.6M in Q3 2025, roughly flat. Nine-month revenue was $42.9M, up about 6%. That’s slower than the 10% growth for the first half, and the quarter came in below the ~$14.9M analysts expected.
Profit: Gross margin was 36%, vs. 38% in Q3 2025. Adjusted EBITDA was $0.6M, vs. $1.1M. They posted a net loss of $0.5M, or $0.01 per share, after net income a year ago. Higher spending on business development and acquisition work, plus more stock-based pay, caused the decline.
Balance sheet: No debt, cash of $15.7M, and operating cash flow of positive $1.1M for the nine months.
Backlog: Total backlog fell to $254.5M ($18.2M funded, $236.3M unfunded), down from $271.7M at June 30. Pipeline nearly doubled to about $1.66B, up from $953.5M.
https://t.co/xKAjITuBkD