Vallourec rises after signing supply agreement with Fervo Energy

Vallourec SA

09/04/2026 08:09

** Shares in french metallurgical group Vallourec VLLP.PA rise 2% after it signed a supply agreement with geothermal company Fervo Energy in the U.S.

** The group will be the exclusive supplier of Fervo Energy for U.S. manufactured tubular solutions for a duration of 5-years, it says

** It adds its represents up to $800 million in potential revenue over the life of the contract

** Shares in Vallourec are trading at their highest price since March 2020

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com))