Fervo Energy (NASDAQ:FRVO) Upgraded by Sanford C. Bernstein to “Strong-Buy” Rating

Sanford C. Bernstein upgraded shares of Fervo Energy (NASDAQ:FRVO) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on FRVO. Robert W. Baird began coverage on shares of Fervo Energy in a report on Monday, June 8th. They set an “outperform” rating and a $47.00 target price on the stock. Zacks Research raised shares of Fervo Energy to a “hold” rating in a report on Tuesday, June 9th. Wall Street Zen raised shares of Fervo Energy to a “hold” rating in a report on Saturday, May 16th. Roth Mkm began coverage on shares of Fervo Energy in a report on Thursday, June 11th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Piper Sandler began coverage on shares of Fervo Energy in a report 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 issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $45.67.

Fervo Energy Price Performance

Shares of FRVO stock opened at $36.49 on Tuesday. Fervo Energy has a 1 year low of $32.39 and a 1 year high of $42.65.