Sanford C. Bernstein Upgrades Fervo Energy (NASDAQ:FRVO) to Strong-Buy

Fervo Energy (NASDAQ:FRVO) was upgraded by Sanford C. Bernstein to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Barclays initiated coverage on Fervo Energy in a research note on Monday. They issued an “overweight” rating and a $47.00 price target for the company. Guggenheim raised Fervo Energy to a “strong-buy” rating in a research report on Monday. Robert W. Baird assumed coverage on Fervo Energy in a report on Monday. They set an “outperform” rating and a $47.00 price target for the company. Piper Sandler assumed coverage on Fervo Energy in a report on Sunday. They set an “overweight” rating and a $51.00 price target for the company. Finally, Bank of America assumed coverage on Fervo Energy in a report on Monday. They set a “neutral” rating and a $40.00 price target for the company. Six analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Fervo Energy has an average rating of “Buy” and an average target price of $45.80.

Fervo Energy Stock Performance

NASDAQ FRVO opened at $33.96 on Monday. Fervo Energy has a fifty-two week low of $33.24 and a fifty-two week high of $42.65.