Fervo Energy (NASDAQ:FRVO) Upgraded to “Strong-Buy” at William Blair

Fervo Energy (NASDAQ:FRVO) was upgraded by research analysts at William Blair to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on FRVO. HC Wainwright reaffirmed a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. Royal Bank Of Canada raised shares of Fervo Energy to a “moderate buy” rating in a report on Monday. JPMorgan Chase & Co. initiated coverage on shares of Fervo Energy in a research report on Monday. They issued an “overweight” rating and a $47.00 target price for the company. Bank of America initiated coverage on shares of Fervo Energy in a research report on Monday. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Sanford C. Bernstein initiated coverage on shares of Fervo Energy in a research report on Monday. They issued an “outperform” rating and a $47.00 target price for the company. Six analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $45.80.

Fervo Energy Stock Performance

Fervo Energy stock opened at $33.96 on Monday. Fervo Energy has a fifty-two week low of $33.24 and a fifty-two week high of $42.65.