Shares of Fervo Energy Company (NASDAQ:FRVO – Get Free Report) have earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $45.25.
FRVO has been the subject of several research analyst reports. Bank of America upgraded Fervo Energy from a “neutral” rating to a “buy” rating and cut their target price for the stock from $40.00 to $36.00 in a research report on Friday, July 17th. Robert W. Baird upped their price target on Fervo Energy from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. assumed coverage on shares of Fervo Energy in a report on Monday, June 8th. They set an “overweight” rating and a $47.00 price objective for the company. Wolfe Research started coverage on shares of Fervo Energy in a research report on Monday, June 8th. They set a “peer perform” rating for the company. Finally, 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 target price for the company.
Read Our Latest Report on Fervo Energy
Fervo Energy Price Performance
Fervo Energy (NASDAQ:FRVO – Get Free Report) last posted its quarterly 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 business had revenue of $0.06 million during the quarter, compared to analyst estimates of $1.20 million.
Fervo Energy Company is an utilities company in the Renewable Electricity industry.
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