Wolfe Research Initiates Coverage on Fervo Energy (NASDAQ:FRVO)

Investment analysts at Wolfe Research started coverage on shares of Fervo Energy (NASDAQ:FRVO) in a report released on Monday. The firm set a “peer perform” rating on the stock.

Several other research firms have also commented on FRVO. Sanford C. Bernstein began coverage on shares of Fervo Energy in a research report on Monday. They set an “outperform” rating and a $47.00 price target for the company. Royal Bank Of Canada assumed coverage on Fervo Energy in a research note on Sunday. They set an “outperform” rating and a $46.00 price target on the stock. Piper Sandler began coverage on shares of Fervo Energy in a research note on Sunday. They issued an “overweight” rating and a $51.00 price objective on the stock. HC Wainwright reiterated a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Finally, Robert W. Baird assumed coverage on shares of Fervo Energy in a report on Monday. They issued an “outperform” rating and a $47.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.80.

Fervo Energy Stock Performance

Shares of FRVO opened at $37.22 on Monday. Fervo Energy has a fifty-two week low of $34.27 and a fifty-two week high of $42.65.