Fervo Energy (NASDAQ:FRVO) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Fervo Energy (NASDAQ:FRVO) to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Bank of America began coverage on shares of Fervo Energy in a report on Monday. They set a “neutral” rating and a $40.00 price objective on the stock. Wolfe Research began coverage on shares of Fervo Energy in a report on Monday. They set a “peer perform” rating on the stock. HC Wainwright reaffirmed a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. Sanford C. Bernstein began coverage on shares of Fervo Energy in a report on Monday. They set an “outperform” rating and a $47.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on shares of Fervo Energy in a report on Wednesday, May 27th. They set a “hold” rating and a $42.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Fervo Energy presently has an average rating of “Moderate Buy” and an average target price of $45.80.

Fervo Energy Trading Down 1.5%

FRVO opened at $33.07 on Tuesday. Fervo Energy has a 52-week low of $32.61 and a 52-week high of $42.65.

Key Headlines Impacting Fervo Energy

Here are the key news stories impacting Fervo Energy this week:

• Positive Sentiment: Multiple major banks and brokers initiated or upgraded coverage on Fervo Energy with bullish ratings and price targets well above the current trading level, signaling strong Street confidence in the company’s long-term growth. Article Title
• Positive Sentiment: Fervo promoted Sarah Jewett to chief operating officer, a move that suggests the company is preparing to accelerate its geothermal build-out and scale operations. Article Title