Full-Time
Treasury Analyst
Updated on 9/3/2026
Fervo Energy
201-500 employees
Delivers 24/7 carbon-free geothermal energy
No salary listed
Houston, TX, USA
Hybrid
Regular in-office presence at the Houston office is required; some hybrid flexibility is available.
Bachelor's
 Finance & Banking (1) |
|---|
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- A B.S. in Finance, Accounting, Economics, or a related field is required.
- Two to five years of experience in treasury, accounting, finance, or related corporate finance functions is required.
- Experience with cash reporting, bank reconciliations, or liquidity tracking is required.
- Strong proficiency in Excel, including comfort working with large data sets and financial models, is required.
- Exceptional attention to detail and commitment to accuracy are required.
- Strong organizational skills and the ability to manage multiple priorities are required.
- Excellent communication skills and the ability to work cross-functionally are required.
- Prepare and maintain daily, weekly, and monthly cash position reports across all bank accounts and support short-term cash forecasting.
- Monitor cash movements, wire activity, and account balances to ensure accuracy and completeness.
- Assist with maintaining appropriate internal controls over cash transactions.
- Communicate and coordinate with internal groups, including Accounts Payable and Land, and externally with banking partners to support smooth cash operations.
- Respond to internal and external audit requests by gathering bank statements, reconciliations, and transaction records, and provide clear, well-organized documentation to support timely audit completion.
- Support preparation of materials for monthly meetings, including treasury reporting, liquidity updates, and key performance insights.
- Investigate and resolve discrepancies related to cash transactions and treasury activity.
- Partner with Accounting during month-end close to ensure accurate cash reporting and supporting schedules.
- Maintain organized treasury documentation to support internal and external audit requests.
- Support ongoing enhancements to treasury processes to improve accuracy, scalability, and efficiency.
- Assist with wire processing, Automated Clearing House transactions, and banking portal administration.
- Support bank account maintenance activities, including documentation and signatory updates.
- Partner with cross-functional teams to ensure timely and accurate execution of cash transactions.
- Support the evaluation and implementation of treasury products and banking tools to improve efficiency, controls, and process automation.
- Collaborate closely with Accounting, FP&A, and cross-functional partners to ensure seamless financial operations.
- Contribute to a culture of operational excellence and continuous improvement within the Finance organization.
- Experience in corporate treasury operations within a high-growth company.
- Exposure to enterprise resource planning systems and banking platforms.
- Experience supporting audits or internal control documentation.
- Familiarity with short-term cash forecasting or liquidity management.
- Experience in infrastructure, energy, project finance, or capital-intensive industries.
- Hands-on experience applying artificial intelligence tools to strengthen treasury processes and workflows.
Fervo Energy develops and operates geothermal energy projects to provide 24/7 carbon-free power. It combines proven oil-and-gas technologies with geothermal science, notably horizontal drilling and distributed fiber-optic sensing, to unlock geothermal resources that were previously uneconomical. The company’s main product is a steady, carbon-free geothermal energy supply that can be sold to electricity providers seeking decarbonization. Its approach differs from competitors by applying oil-and-gas drilling methods and advanced sensing to unlock higher resource potential and deliver reliable, cost-effective energy. Fervo’s flagship Cape Station Project demonstrates this approach in action. The company’s goal is to accelerate the clean energy transition by delivering reliable, scalable geothermal energy and expanding geoscience-enabled solutions for decarbonizing the electricity sector.
Company Size
201-500
Company Stage
IPO
Headquarters
Houston, Texas
Founded
2017
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Simplify's Take
What believers are saying
- On September 1, 2026, Google signed a 396 MW PPA at Cape Station.
- Fervo reported $2.1 billion cash and $7.2 billion backlog on August 12.
- Management raised 2030 installed capacity to 1.1 GW on August 12, 2026.
What critics are saying
- Johnson Fistel opened an August 2026 securities probe over transmission curtailments and disclosure.
- Fervo admitted GeoBlock 1 still needs substation work, hot commissioning, and grid synchronization.
- If Cape Station misses 2028 delivery or curtailments persist, Google's expansion option evaporates.
What makes Fervo Energy unique
- Fervo drilled Sawtooth 7 in 21 days on July 8, 2026, proving repeatable EGS execution.
- Cape Station's standardized GeoBlocks target 500 MW, scaling repeatable geothermal buildouts.
- Fervo combines oilfield horizontal drilling with fiber-optic sensing for 24/7 carbon-free power.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Parental Leave
401(k) Retirement Plan
401(k) Company Match
Stock Options
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↓ -7%2 year growth
↓ -5%Fervo Energy shares jumped 28% on Tuesday after securing a power purchase agreement with Google to supply 396 megawatts from its Cape Station project in Utah. The deal will support Google's planned data centre, with eight GeoBlocks scheduled to come online in 2028. Google has an option to expand the agreement by 600MW, potentially bringing total contracted capacity to around 1GW by 2030. Final plans remain subject to engineering feasibility and regulatory approvals. The partnership follows Fervo and Google's 2023 Project Red in Nevada, which resulted in a 115MW geothermal capacity agreement. Fervo reported $113 million in second-quarter revenues, though net losses increased to $55.9 million. The company, which listed in May, attracted 53 hedge funds with combined holdings of $691 million in the second quarter.
Fervo Energy (FRVO) bags new power deal, soars 28%; hedge fund interest climbs. Published on september 1, 2026 at 8:40 pm by angelica ballesteros in market movers, news. Fervo Energy (NASDAQ:FRVO) soared by 28.41 percent on Tuesday to close at $19.75 apiece after bagging home a new power purchase agreement (PPA) with Google to support the development of its data center facility in Utah. Under the agreement, the energy company will deliver 396 megawatts of power to Google from its Cape Station project to serve as a foundational building block for the technology giant's future data center. The first phase of the project has already advanced toward commercial operations, while the second phase is currently underway. Eight GeoBlocks are slated to come online in 2028. Additionally, Google will have the option to expand its offtake by another 600 MW, which would bring its overall contracted capacity to around 1 GW by 2030. Final data center plan remains subject to a variety of factors, including engineering feasibility, state and local approvals, and commercial conditions. Expanded partnership. The agreement followed Fervo and Google's earlier development of Project Red in Nevada in 2023, which successfully delivered power to the local grid, including Google's data centers. The firms then signed an official PPA involving 115 MW of geothermal capacity, which they said also helped insulate customers from the project's costs. Revenues climb. Deals aside, Fervo Energy (NASDAQ:FRVO) said last month that it raked in $113 million in revenues for the second quarter of the year, versus none in the same period last year, amid continued strong demand from its customers, with behind-the-meter capabilities playing a growing role in meeting said demand outside conventional grid interconnection timelines. However, net losses increased by 390 percent to $55.9 million from $11.4 million, dragged by higher operating losses and non-operating expenses. Hedge funds buy in. Fervo Energy (NASDAQ:FRVO), a newly listed company that debuted on the stock market only last May, has seen a strong reception from institutional investors, partly thanks to the growing demand for energy to power the artificial intelligence industry. Insider Monkey's data showed that 53 hedge funds held positions in the stock in the second quarter of the year, with their collective holdings totaling $691 million. Value Aligned Research Advisors ranked first among the largest hedge fund investors, with $36.69 million, followed by Scopus Asset Management with $53.6 million. Citadel Investment Group came third at $46.76 million.
Fervo Energy signed a non-binding framework agreement with Google Energy covering up to 3 GW of enhanced-geothermal capacity through 2033, the Wall Street Journal reported Tuesday. Under the deal, Fervo must propose at least 1 GW of projects during the first two years. The framework establishes priority geographies and standard contract terms but does not require Google to purchase the full capacity. Google received right of first refusal over portions of Fervo's near-term pipeline. Either party can terminate the agreement in March 2028 if no definitive offtake contract is completed. Fervo is building 500 MW across two phases of Cape Station in Utah, with the first unit scheduled for the fourth quarter of 2026. The company raised approximately $2.2 billion in its May initial public offering.
FRVO stock pulls back as traders eye volatile setup. ELLIS HOBBS - UPDATED SEP. 1, 2026, 7:47 AM ET Fervo Energy Company stocks have been trading up by 12.87 percent after a landmark long-term geothermal supply deal announcement. Key takeaways. * FRVO has dropped from the mid-$20s to the mid-teens over recent sessions, signaling a sharp cooldown after a strong spike. * Intraday action shows FRVO whipping between $15 and $19, with heavy range and failed pushes higher. * Fervo Energy Company posted just $113,000 in quarterly revenue against a large net loss, highlighting an early-stage business profile. * FRVO holds over $2.1B in cash and strong working capital, giving the company time to execute its growth plans. * Traders are watching whether FRVO can build a base above recent lows or breaks down further. Live Update At 07:47:36 EDT: On Tuesday, September 01, 2026 Fervo Energy Company stock [NASDAQ: FRVO] is trending up by 12.87%! Discover the key drivers behind this movement as well as its expert analysis in the detailed breakdown below. Quick financial overview. FRVO is trading like a classic early-stage, story-driven stock. The chart shows Fervo Energy Company running as high as $26.20 and then sliding to recent closes around the mid-teens. That kind of range tells traders this is a momentum name, not a quiet value play. On the fundamentals, FRVO's income statement is tiny on the top line and heavy on losses. Fervo Energy Company reported only about $113,000 in quarterly revenue, while net loss came in near $55.9M, or roughly -$0.38 per share. Margins are deeply negative, and key return ratios like return on assets and return on equity are below zero, confirming FRVO is still burning cash to build out operations. But the balance sheet flips the script. Fervo Energy Company holds roughly $2.1B in cash and over $1.9B in working capital. Long-term debt is modest against total equity of about $2.79B, and FRVO's price-to-book ratio around 1.5 suggests traders are not paying crazy multiples for assets. In simple terms, FRVO has runway to keep building, but the business must grow into this capital stack. Why traders are watching FRVO price swings. FRVO has been a rollercoaster, and that's exactly what active traders hunt. Just days ago, Fervo Energy Company traded above $25. Now FRVO is closing around $15-$16, with daily ranges of $1-$2. That tells you one thing: emotion is driving a lot of this tape. Look at the intraday action. FRVO ripped from around $15.84 at the open on one recent morning straight toward $18.97 in minutes, then faded and chopped between $17 and $18.50. Multiple spikes over $18 stalled fast, showing sellers ready to hit bids whenever Fervo Energy Company gets extended. For short-term traders, that's prime territory for scalps and quick flips, but it punishes anyone who overstays. The longer daily chart shows FRVO topping near $26.20, then a series of lower highs: $22.26, $19.69, $18.28, $17.57, and now the mid-teens. That stair-step pattern tells traders Fervo Energy Company is in a clear pullback phase. Bulls will argue FRVO is simply cooling off after a big run and may base in this zone. Bears will say Fervo Energy Company still looks expensive relative to its tiny revenue and heavy losses. Either way, FRVO sits at a key decision area. If Fervo Energy Company can hold above recent lows and tighten its range, traders will start watching for a breakout back through the high teens. If FRVO cracks and closes below recent support, the next leg down can come fast in a thin, high-beta name. Conclusion. FRVO is a textbook high-volatility, high-risk ticker with real lessons for traders. Fervo Energy Company has a huge cash pile, substantial equity, and ongoing build-out spending, but almost no current revenue and deep losses. That mix attracts speculative money and keeps FRVO's chart wild. As long as the story stays in focus, traders will keep crowding in and out, pushing Fervo Energy Company sharply in both directions. For short-term players, the message is simple: respect the volatility. FRVO's intraday swings from the mid-teens to near $19 and back are not for anyone who hesitates. Defined risk, clear entries, and tight exits matter more here than in a slow, steady large cap. Long wicks and failed breakouts on Fervo Energy Company's chart show exactly where late chasers get smoked. Tim Sykes always says, "Trade like a sniper, not a machine gun." As millionaire penny stock trader and teacher Tim Sykes says, "Cut losses quickly, let profits ride, and don't overtrade.". FRVO demands that mindset. Wait for clean patterns on Fervo Energy Company, use clear support and resistance from the recent range, and cut losses quickly if the level breaks. FRVO will reward disciplined traders who treat it as a fast-moving educational opportunity, not a sure thing. This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Its content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to Millionaire Media, LLC. for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize its news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities. Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. 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FRVO Investors Have Opportunity to Join Fervo Energy Company Fraud Investigation with SBS Law. LOS ANGELES-(BUSINESS WIRE)-Schall, Brown & Schwartz LLP ("SBS"), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Fervo Energy Company ("Fervo" or "the Company") (NASDAQ: FRVO) for violations of the securities laws. INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Fervo reported its Q2 financial results on August 12, 2026. The Company revealed during its earnings call that it would likely engage in transmission curtailments instead of the construction and operation of its GeoBlocks. Based on this news, shares of Fervo fell, harming investors. Business Wire, Inc. also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach Business Wire, Inc. through the firm's website at www.schallfirm.com, or by email at [email protected]. WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor. Contacts. Schall, Brown & Schwartz LLP Brian Schall, Esq., Andrew Brown, Esq., David Schwartz, Esq., www.schallfirm.com Office: 310-301-3335 [email protected] More News From Schall, Brown & Schwartz LLP LOS ANGELES-( BUSINESS WIRE )-KKR Investors Have Opportunity to Join KKR & Co. Inc. Fraud Investigation with SBS Law... LOS ANGELES-( BUSINESS WIRE )-FTK Investors Have Opportunity to Lead Flotek Industries, Inc. Securities Fraud Lawsuit with SBS Law... LOS ANGELES-( BUSINESS WIRE )-AVEX Investors Have Opportunity to Lead AEVEX Corp. Securities Fraud Lawsuit with SBS Law... Schall, Brown & Schwartz LLP. NASDAQ:FRVO Release Summary Release Versions Schall, Brown & Schwartz LLP Brian Schall, Esq., Andrew Brown, Esq., David Schwartz, Esq., www.schallfirm.com Office: 310-301-3335 [email protected]