Fervo Energy (NASDAQ:FRVO) Stock Rating Lowered by Wall Street Zen

Fervo Energy (NASDAQ:FRVO) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Sunday.

FRVO has been the subject of a number of other research reports. Piper Sandler reiterated an “overweight” rating on shares of Fervo Energy in a report on Tuesday, June 23rd. JPMorgan Chase & Co. assumed coverage on Fervo Energy in a research note on Monday, June 8th. They issued an “overweight” rating and a $47.00 price objective on the stock. William Blair began coverage on Fervo Energy in a research report on Monday, June 8th. They issued an “outperform” rating and a $43.00 price objective for the company. Roth Capital initiated coverage on Fervo Energy in a research note on Thursday, June 11th. They set a “buy” rating and a $45.00 target price for the company. Finally, UBS Group set a $48.00 target price on Fervo Energy in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.25.

Fervo Energy Trading Down 0.8%

NASDAQ FRVO traded down $0.22 on Friday, hitting $27.13. 2,965,843 shares of the stock were exchanged, compared to its average volume of 3,675,165. The business has a fifty day simple moving average of $34.42. Fervo Energy has a 52 week low of $23.10 and a 52 week high of $42.65.

Fervo Energy (NASDAQ:FRVO) last announced its quarterly earnings data on Monday, June 22nd. The company reported ($3.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($3.63). The firm had revenue of $0.06 million for the quarter, compared to the consensus estimate of $1.20 million.