India, June 22 -- On Monday, Fervo Energy Co. (FRVO), a geothermal company, reported wider loss in the first quarter of 2026, due to higher expenses, particularly administrative expenses, and a surge in non-operating expenses, compared to the prior year.
In the pre-market activity on the Nasdaq, the shares were trading 16.04 percent high at $40.72, after closing Thursday's regular trading 3.84 percent down. Net loss for the period was $31.83 million, wider than loss of $9.15 million in the same quarter last year.
Loss per share for the first quarter was $3.72, compared to loss of $1.02 in the previous year.
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Administrative expenses climbed to $16.99 mill...