Fervo Energy (NASDAQ:FRVO) Raised to Hold at Zacks Research

Fervo Energy (NASDAQ:FRVO) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on FRVO. Wolfe Research assumed coverage on shares of Fervo Energy in a research report on Monday. They issued a “peer perform” rating for the company. Wall Street Zen upgraded shares of Fervo Energy to a “hold” rating in a research report on Saturday, May 16th. Barclays assumed coverage on shares of Fervo Energy in a research report on Monday. They issued an “overweight” rating and a $47.00 price objective for the company. Sanford C. Bernstein assumed coverage on shares of Fervo Energy in a research report on Monday. They issued an “outperform” rating and a $47.00 price objective for the company. Finally, HC Wainwright restated a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

Fervo Energy Stock Down 1.5%

FRVO opened at $33.07 on Tuesday. Fervo Energy has a 12 month low of $32.61 and a 12 month high of $42.65.

More Fervo Energy News

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

• Positive Sentiment: Multiple major banks and brokers initiated or upgraded coverage on Fervo Energy with bullish ratings and price targets well above the current trading level, signaling strong Street confidence in the company’s long-term growth. Article Title
• Positive Sentiment: Fervo promoted Sarah Jewett to chief operating officer, a move that suggests the company is preparing to accelerate its geothermal build-out and scale operations. Article Title