Fervo Energy (NASDAQ:FRVO) Stock Rating Upgraded by Roth Mkm

Fervo Energy (NASDAQ:FRVO) was upgraded by Roth Mkm to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research firms also recently issued reports on FRVO. William Blair started coverage on Fervo Energy in a research report on Monday. They set an “outperform” rating and a $43.00 target price on the stock. UBS Group set a $45.00 price target on Fervo Energy in a research report on Thursday. JPMorgan Chase & Co. began coverage on Fervo Energy in a research note on Monday, June 8th. They set an “overweight” rating and a $47.00 price objective on the stock. HC Wainwright reissued a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. Finally, Royal Bank Of Canada initiated coverage on Fervo Energy in a research note on Monday, June 8th. They issued an “outperform” rating and a $46.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.67.

Fervo Energy Trading Up 1.6%

FRVO opened at $35.19 on Thursday. Fervo Energy has a 12 month low of $32.39 and a 12 month high of $42.65.