Fervo Energy (NASDAQ:FRVO) Releases Earnings Results, Misses Expectations By $3.63 EPS

Fervo Energy (NASDAQ:FRVO) issued its quarterly earnings results on Monday. The company reported ($3.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($3.63), Zacks reports.

Fervo Energy Price Performance

Shares of NASDAQ FRVO opened at $35.09 on Monday. Fervo Energy has a twelve month low of $32.39 and a twelve month high of $42.65.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FRVO. Wolfe Research began coverage on Fervo Energy in a research report on Monday, June 8th. They issued a “peer perform” rating on the stock. Royal Bank Of Canada assumed coverage on Fervo Energy in a report on Monday, June 8th. They issued an “outperform” rating and a $46.00 target price on the stock. Bank of America initiated coverage on Fervo Energy in a report on Monday, June 8th. They set a “neutral” rating and a $40.00 price target for the company. Jefferies Financial Group assumed coverage on Fervo Energy in a research report on Wednesday, May 27th. They issued a “hold” rating and a $42.00 price target for the company. Finally, Piper Sandler began coverage on shares of Fervo Energy in a research note on Sunday, June 7th. They issued an “overweight” rating and a $51.00 price target on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $45.67.