Fervo Energy (NASDAQ:FRVO) Reaches New 12-Month Low – Here’s What Happened

Posted by Brenda Bartman on Oct 14th, 2026

Fervo Energy Company (NASDAQ:FRVO – Get Free Report)’s stock price reached a new 52-week low on Monday. The company traded as low as $13.10 and last traded at $13.23, with a volume of 1,790,071 shares. The stock had previously closed at $13.75.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FRVO. Weiss Ratings initiated coverage on shares of Fervo Energy in a research note on Tuesday, August 18th. They set a “sell (d)” rating for the company. UBS Group set a $48.00 price objective on shares of Fervo Energy in a research report on Wednesday, June 24th. Barclays increased their target price on shares of Fervo Energy from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Northland Securities assumed coverage on shares of Fervo Energy in a research report on Thursday, September 10th. They issued an “outperform” rating and a $27.00 target price for the company. Finally, Robert W. Baird lowered their price target on shares of Fervo Energy from $50.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.87.

Read Our Latest Report on Fervo Energy

Fervo Energy Trading Down 6.9%

The stock has a fifty day moving average price of $16.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 8.62 and a quick ratio of 8.62.

Fervo Energy (NASDAQ:FRVO – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The business had revenue of $0.11 million during the quarter. On average, analysts expect that Fervo Energy Company will post -0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Fervo Energy

Several hedge funds have recently added to or reduced their stakes in FRVO. Wellington Management Group LLP acquired a new stake in shares of Fervo Energy during the 2nd quarter worth about $129,600,000. Value Aligned Research Advisors LLC bought a new stake in shares of Fervo Energy during the 2nd quarter valued at $63,155,000. Squarepoint Ops LLC bought a new stake in shares of Fervo Energy during the 2nd quarter worth approximately $12,423,000. State Street Corp bought a new stake in shares of Fervo Energy during the 2nd quarter worth $10,028,000. Finally, Resolute Advisors LLC bought a new position in Fervo Energy in the second quarter valued at about $5,285,000.

Fervo Energy Company Profile

(Get Free Report)

Fervo Energy is a geothermal energy company focused on developing enhanced geothermal systems (EGS), which use horizontal drilling and hydraulic stimulation techniques to access heat in underground rock and produce electricity. Its approach is designed to expand geothermal generation beyond locations with naturally occurring conventional geothermal resources.

The company develops geothermal projects, including Project Red in northern Nevada and the larger Cape Station project in southwestern Utah.