Fervo Energy (NASDAQ:FRVO – Get Free Report) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.
Several other analysts have also commented on FRVO. Wall Street Zen upgraded Fervo Energy to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. assumed coverage on Fervo Energy in a report on Monday. They set an “overweight” rating and a $47.00 price objective for the company. Royal Bank Of Canada assumed coverage on Fervo Energy in a report on Monday. They set an “outperform” rating and a $46.00 price objective for the company. Barclays assumed coverage on Fervo Energy in a report on Monday. They set an “overweight” rating and a $47.00 price objective for the company. Finally, Sanford C. Bernstein assumed coverage on Fervo Energy in a report on Monday. They set an “outperform” rating and a $47.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Fervo Energy currently has an average rating of “Moderate Buy” and a consensus target price of $45.80.
Read Our Latest Research Report on FRVO
Fervo Energy Stock Performance
Fervo Energy News Summary
Here are the key news stories impacting Fervo Energy this week:
- Positive Sentiment: Multiple major banks and brokers initiated or upgraded coverage on Fervo Energy with bullish ratings and price targets well above the current trading level, signaling strong Street confidence in the company’s long-term growth. Article Title
- Positive Sentiment: Fervo promoted Sarah Jewett to chief operating officer, a move that suggests the company is preparing to accelerate its geothermal build-out and scale operations. Article Title
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