Fervo Energy Secures Additional $255 Million Funding to Meet Unprecedented Energy Demand [Yahoo! Finance]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: Yahoo! Finance
secured $255 million in new funding and capital availability as it continues to build the world's largest enhanced geothermal systems ("EGS") power development. The announced funding comprises both opportunistic corporate equity and new debt financing. Capricorn's Technology Impact Fund II led the $135 million corporate equity round. Fervo is excited to welcome new investment and continued support from a suite of high-caliber investors, including Breakthrough Energy Ventures, CalSTRS, Congruent Ventures, CPP Investments, DCVC, Devon Energy, Galvanize Climate Solutions, Liberty Mutual Investments, Mercuria, and Sabanci Climate Ventures. "The demand for 24/7 carbon-free energy is at an all-time high, and Fervo is one of the only companies building large projects that will come online before the end of the decade," said Fervo CEO and Co-Founder Tim Latimer . "Investors recognize that Fervo's ability to get to scale quickly is vital in an evolving market that is seeing unprecedented e
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News
- Devon Declines 32.2% in Six Months: Should You Bet on the Stock? [Yahoo! Finance]Yahoo! Finance
- AI's energy hunger fuels geothermal startups but natgas rivalry clouds future [Yahoo! Finance Canada]Yahoo! Finance Canada
- Devon Energy Co. (NYSE: DVN) had its price target lowered by analysts at Piper Sandler from $57.00 to $53.00. They now have an "overweight" rating on the stock.MarketBeat
- Devon Energy Co. (NYSE: DVN) had its price target lowered by analysts at Wells Fargo & Company from $49.00 to $43.00. They now have an "overweight" rating on the stock.MarketBeat
- Devon Energy Co. (NYSE: DVN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
DVN
Earnings
- 11/5/24 - Beat
DVN
Sec Filings
- 12/9/24 - Form 8-K
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- DVN's page on the SEC website