Fervo Energy (NASDAQ:FRVO) Stock Rating Upgraded by Wall Street Zen

Fervo Energy (NASDAQ:FRVO) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday.

A number of other research analysts also recently issued reports on FRVO. UBS Group set a $48.00 price target on Fervo Energy in a report on Wednesday, June 24th. Piper Sandler reaffirmed an “overweight” rating on shares of Fervo Energy in a report on Tuesday, June 23rd. Jefferies Financial Group started coverage on shares of Fervo Energy in a research note on Wednesday, May 27th. They issued a “hold” rating and a $42.00 target price for the company. 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 report on Wednesday, June 24th. Finally, Bank of America upgraded shares of Fervo Energy from a “neutral” rating to a “buy” rating and dropped their price target for the company from $40.00 to $36.00 in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Fervo Energy has an average rating of “Moderate Buy” and an average target price of $45.92.

Fervo Energy Price Performance

NASDAQ FRVO opened at $24.65 on Monday. The company’s 50-day moving average is $33.40. Fervo Energy has a fifty-two week low of $22.50 and a fifty-two week high of $42.65.

Fervo Energy (NASDAQ:FRVO) last issued its earnings results on Monday, June 22nd. The company reported ($3.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($3.63). The firm had revenue of $0.06 million during the quarter, compared to analysts’ expectations of $1.20 million.