Fervo Energy (NASDAQ:FRVO) Upgraded to “Strong-Buy” at William Blair

Fervo Energy (NASDAQ:FRVO) was upgraded by analysts at William Blair to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on FRVO. Piper Sandler started coverage on shares of Fervo Energy in a report on Sunday. They issued an “overweight” rating and a $51.00 price target on the stock. Wall Street Zen raised shares of Fervo Energy to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. started coverage on shares of Fervo Energy in a report on Monday. They issued an “overweight” rating and a $47.00 price target on the stock. Robert W. Baird began coverage on shares of Fervo Energy in a report on Monday. They issued an “outperform” rating and a $47.00 price target on the stock. Finally, HC Wainwright reissued a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. Six equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Fervo Energy presently has a consensus rating of “Buy” and a consensus price target of $45.80.

Fervo Energy Price Performance

NASDAQ:FRVO opened at $33.96 on Monday. Fervo Energy has a 12 month low of $33.24 and a 12 month high of $42.65.