Fervo Energy (NASDAQ:FRVO) Raised to Strong-Buy at Piper Sandler

Fervo Energy (NASDAQ:FRVO) was upgraded by analysts at Piper Sandler to a “strong-buy” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

Several other research firms have also weighed in on FRVO. William Blair began coverage on Fervo Energy in a report on Monday. They set an “outperform” rating and a $43.00 price target on the stock. Jefferies Financial Group began coverage on Fervo Energy in a research report on Wednesday, May 27th. They set a “hold” rating and a $42.00 price target on the stock. JPMorgan Chase & Co. began coverage on Fervo Energy in a research report on Monday. They set an “overweight” rating and a $47.00 price target on the stock. Guggenheim raised Fervo Energy to a “strong-buy” rating in a research report on Monday. Finally, Wolfe Research began coverage on Fervo Energy in a research report on Monday. They set a “peer perform” rating on the stock. Six research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $45.80.

Fervo Energy Trading Down 8.8%

Shares of FRVO opened at $33.96 on Friday. Fervo Energy has a 1 year low of $33.24 and a 1 year high of $42.65.

Trending Headlines about Fervo Energy

Here are the key news stories impacting Fervo Energy this week:

• Positive Sentiment: Multiple firms upgraded Fervo Energy to strong-buy or similar bullish ratings, including Guggenheim, Barclays, Robert W. Baird, William Blair, Sanford C. Bernstein, and Piper Sandler, signaling growing confidence in the company’s geothermal growth story. Zacks.com
• Positive Sentiment: JPMorgan initiated coverage with an overweight rating and a $47 price target, while Bank of America started coverage at neutral with a $40 target, both implying meaningful upside from recent levels. Benzinga
• Positive Sentiment: Wall Street coverage highlighted Fervo as a potential leader in geothermal scale-up, suggesting investors are increasingly viewing the company as a long-term clean-energy growth play. Yahoo Finance
• Neutral Sentiment: Wolfe Research began coverage with a peer-perform rating, which is less supportive than the bullish calls but still adds visibility to the stock. Zacks.com
• Negative Sentiment: Jefferies noted transmission constraints facing Fervo Energy, a reminder that infrastructure bottlenecks could limit how quickly the company can scale and monetize projects. Seeking Alpha