Fervo Energy (NASDAQ:FRVO) Stock Picked Up by Analysts at Needham & Company LLC

Posted by Brenda Bartman on Nov 6th, 2026

Needham & Company LLC assumed coverage on shares of Fervo Energy (NASDAQ:FRVO – Get Free Report) in a report released on Friday, MarketBeat.com reports. The firm set a “buy” rating and a $17.00 price target on the stock. Needham & Company LLC‘s price target would suggest a potential upside of 118.23% from the stock’s current price.

A number of other brokerages have also recently weighed in on FRVO. Weiss Ratings began coverage on shares of Fervo Energy in a research note on Tuesday, August 18th. They set a “sell (d)” rating for the company. Jefferies Financial Group upgraded Fervo Energy from a “hold” rating to a “buy” rating and dropped their target price for the company from $41.00 to $34.00 in a research note on Monday, July 20th. Johnson Rice initiated coverage on shares of Fervo Energy in a research report on Wednesday, September 23rd. They set a “buy” rating and a $35.00 price target for the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $47.00 price target on shares of Fervo Energy in a report on Friday, October 2nd. Finally, Wolfe Research raised shares of Fervo Energy from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Friday, September 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.24.

Read Our Latest Stock Report on Fervo Energy

Fervo Energy Price Performance

Fervo Energy stock opened at $7.79 on Friday. The company has a current ratio of 8.62, a quick ratio of 8.62 and a debt-to-equity ratio of 0.08. Fervo Energy has a fifty-two week low of $7.64 and a fifty-two week high of $42.65. The firm has a fifty day moving average price of $13.26.

Fervo Energy (NASDAQ:FRVO – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The company had revenue of $0.11 million for the quarter. Research analysts anticipate that Fervo Energy will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of Fervo Energy

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in Fervo Energy during the 2nd quarter valued at $129,600,000. Value Aligned Research Advisors LLC bought a new stake in shares of Fervo Energy in the second quarter worth $63,155,000. Robeco Schweiz AG raised its stake in shares of Fervo Energy by 66.7% in the 3rd quarter. Robeco Schweiz AG now owns 3,282,928 shares of the company’s stock valued at $44,615,000 after purchasing an additional 1,313,704 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Fervo Energy in the 2nd quarter valued at about $12,423,000. Finally, State Street Corp bought a new position in shares of Fervo Energy during the second quarter worth about $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.