Value Aligned Research Advisors LLC Purchases Shares of 2,160,607 Fervo Energy Company $FRVO

Value Aligned Research Advisors LLC acquired a new position in shares of Fervo Energy Company (NASDAQ:FRVO) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,160,607 shares of the company’s stock, valued at approximately $63,155,000.

A number of other large investors have also recently made changes to their positions in FRVO. Ranger Investment Management L.P. bought a new position in shares of Fervo Energy in the second quarter valued at $1,455,000. Wellington Management Group LLP bought a new stake in shares of Fervo Energy during the second quarter worth about $129,600,000. Resolute Advisors LLC bought a new stake in shares of Fervo Energy during the second quarter worth about $5,285,000. Finally, AXQ Capital LP acquired a new stake in shares of Fervo Energy in the 2nd quarter worth about $499,000.

Fervo Energy Price Performance

Shares of FRVO stock opened at $15.96 on Friday. The firm has a 50-day moving average price of $24.26. Fervo Energy Company has a one year low of $15.22 and a one year high of $42.65.

Fervo Energy (NASDAQ:FRVO) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The company had revenue of $0.11 million for the quarter. On average, equities research analysts anticipate that Fervo Energy Company will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FRVO has been the topic of several recent research reports. Wall Street Zen raised shares of Fervo Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, July 20th. Weiss Ratings started coverage on Fervo Energy in a report on Tuesday, August 18th. They set a “sell (d)” rating for the company. HC Wainwright reissued a “buy” rating on shares of Fervo Energy in a research note on Wednesday, May 27th. Zacks Research upgraded Fervo Energy to a “hold” rating in a report on Tuesday, June 9th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Fervo Energy in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Fervo Energy Company Profile

Fervo Energy Company is a geothermal energy developer, builds, owns and operates geothermal power facilities. Fervo Energy Company is based in Houston, Texas.