Fervo Energy (NASDAQ:FRVO) Cut to Sell at Wall Street Zen

Fervo Energy (NASDAQ:FRVO) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other brokerages have also recently commented on FRVO. Guggenheim upgraded shares of Fervo Energy to a “strong-buy” rating and set a $48.00 target price for the company in a research report on Monday, June 8th. Barclays increased their price target on shares of Fervo Energy from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America began coverage on shares of Fervo Energy in a research note on Monday, June 8th. They issued a “neutral” rating and a $40.00 price objective on the stock. William Blair started coverage on shares of Fervo Energy in a research report on Monday, June 8th. They set an “outperform” rating and a $43.00 price objective for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $46.00 target price on shares of Fervo Energy in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.25.

Fervo Energy Stock Up 2.4%

FRVO stock opened at $32.51 on Friday. Fervo Energy has a 52 week low of $30.01 and a 52 week high of $42.65.

Fervo Energy (NASDAQ:FRVO) last posted its quarterly earnings data on Monday, June 22nd. The company reported ($3.72) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($3.63). The company had revenue of $0.06 million for the quarter, compared to analyst estimates of $1.20 million.