Fervo Energy (NASDAQ:FRVO) Coverage Initiated at Bank of America

Bank of America began coverage on shares of Fervo Energy (NASDAQ:FRVO) in a research note issued to investors on Monday. The firm set a “neutral” rating and a $40.00 price target on the stock. Bank of America‘s price target points to a potential upside of 7.47% from the stock’s previous close.

FRVO has been the subject of several other reports. Jefferies Financial Group initiated coverage on Fervo Energy in a research note on Wednesday, May 27th. They set a “hold” rating and a $42.00 price target for the company. Royal Bank Of Canada assumed coverage on shares of Fervo Energy in a research report on Sunday. They set an “outperform” rating and a $46.00 target price for the company. Wall Street Zen raised shares of Fervo Energy to a “hold” rating in a research report on Saturday, May 16th. Guggenheim initiated coverage on shares of Fervo Energy in a research report on Sunday. They issued a “buy” rating and a $48.00 price objective for the company. Finally, William Blair began coverage on shares of Fervo Energy in a report on Monday. They set an “outperform” rating and a $43.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fervo Energy has a consensus rating of “Moderate Buy” and a consensus price target of $45.80.

Fervo Energy Price Performance

FRVO stock opened at $37.22 on Monday. Fervo Energy has a 52 week low of $34.27 and a 52 week high of $42.65.