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

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

Several other brokerages also recently weighed in on FRVO. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $46.00 price target on shares of Fervo Energy in a research report on Tuesday, June 23rd. Jefferies Financial Group initiated coverage on Fervo Energy in a report on Wednesday, May 27th. They issued a “hold” rating and a $42.00 price objective for the company. Roth Capital began coverage on Fervo Energy in a report on Thursday, June 11th. They issued a “buy” rating and a $45.00 price objective for the company. Sanford C. Bernstein started coverage on Fervo Energy in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $47.00 target price on the stock. Finally, Zacks Research upgraded Fervo Energy to a “hold” rating in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Fervo Energy has a consensus rating of “Buy” and an average target price of $45.25.

Fervo Energy Trading Up 5.9%

FRVO stock opened at $26.99 on Monday. Fervo Energy has a 12 month low of $22.50 and a 12 month high of $42.65. The company has a fifty day simple moving average of $33.12.

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