Fervo Energy Company (NASDAQ:FRVO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Fervo Energy Company (NASDAQ:FRVO) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $46.75.

A number of equities analysts have commented on the stock. HC Wainwright reaffirmed a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. Piper Sandler assumed coverage on shares of Fervo Energy in a report on Sunday. They issued an “overweight” rating and a $51.00 price objective for the company. Wall Street Zen raised shares of Fervo Energy to a “hold” rating in a report on Saturday, May 16th. Jefferies Financial Group assumed coverage on shares of Fervo Energy in a report on Wednesday, May 27th. They issued a “hold” rating and a $42.00 price objective for the company. Finally, Guggenheim assumed coverage on shares of Fervo Energy in a report on Sunday. They issued a “buy” rating and a $48.00 price objective for the company.

Fervo Energy Price Performance

Shares of FRVO stock traded down $1.64 during mid-day trading on Friday, reaching $37.22. 1,938,884 shares of the company were exchanged, compared to its average volume of 4,430,677. Fervo Energy has a fifty-two week low of $34.27 and a fifty-two week high of $42.65.