Fervo Energy is trading at $8.82, up 5.88%, with Morgan Stanley’s coverage initiation a plausible company-specific catalyst, though reporting does not confirm it caused the gain. - Morgan Stanley initiated coverage on October 29, 2026, with an Overweight rating and a $23 price target, citing a visible path to commercial rollout and cost reductions alongside execution risks. - Broader indices were lower, and no new company announcement was identified for October 29; the latest listed releases were earlier in October.