Fervo Energy (NASDAQ:FRVO) Stock Price Up 2.1% – What’s Next?

Posted by Geri Gentry on Oct 22nd, 2026

Fervo Energy Company (NASDAQ:FRVO – Get Free Report) shares shot up 2.1% during mid-day trading on Tuesday. The stock traded as high as $9.54 and last traded at $9.29. 10,173,886 shares traded hands during trading, an increase of 89% from the average session volume of 5,374,036 shares. The stock had previously closed at $9.10.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FRVO shares. Johnson Rice started coverage on Fervo Energy in a research report on Wednesday, September 23rd. They set a “buy” rating and a $35.00 target price for the company. Robert W. Baird decreased 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. Barclays upped their price target on shares of Fervo Energy from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Bank of America lowered their price objective on shares of Fervo Energy from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Finally, UBS Group set a $48.00 price objective on shares of Fervo Energy in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fervo Energy presently has an average rating of “Moderate Buy” and an average target price of $39.53.

Check Out Our Latest Analysis on FRVO

Fervo Energy Trading Down 2.9%

The company has a debt-to-equity ratio of 0.08, a current ratio of 8.62 and a quick ratio of 8.62. The firm’s 50-day moving average is $15.27.

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

Hedge Funds Weigh In On Fervo Energy

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its position in Fervo Energy by 387.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,512 shares of the company’s stock worth $61,000 after purchasing an additional 3,586 shares during the period. Viking Fund Management LLC purchased a new position in shares of Fervo Energy during the third quarter valued at approximately $815,000. Sax Wealth Advisors LLC purchased a new position in shares of Fervo Energy during the third quarter valued at approximately $154,000. Green Alpha Advisors LLC purchased a new position in shares of Fervo Energy during the third quarter valued at approximately $843,000. Finally, State Street Corp bought a new position in shares of Fervo Energy during the second quarter valued at approximately $10,028,000.

Fervo Energy Company Profile

(Get Free Report)

Fervo Energy is a geothermal energy company developing enhanced geothermal systems designed to generate electricity from heat found deep beneath the earth’s surface. The company applies techniques adapted from the oil and gas industry, including horizontal drilling and hydraulic stimulation, to create engineered geothermal reservoirs in areas where conventional geothermal resources may not be available.

Founded in 2017, Fervo combines advanced drilling, distributed fiber-optic sensing and reservoir engineering to evaluate and operate geothermal projects.