Fervo Energy (NASDAQ:FRVO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Fervo Energy (NASDAQ:FRVO) from a strong sell rating to a sell rating in a report issued on Monday.

Several other equities analysts have also issued reports on FRVO. Bank of America upgraded Fervo Energy from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $40.00 to $36.00 in a research report on Friday, July 17th. UBS Group set a $48.00 price target on shares of Fervo Energy in a report on Wednesday, June 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $46.00 target price on shares of Fervo Energy in a report on Tuesday, June 23rd. William Blair assumed coverage on Fervo Energy in a research report on Monday, June 8th. They issued an “outperform” rating and a $43.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on Fervo Energy from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Fervo Energy presently has an average rating of “Buy” and an average price target of $45.25.

Fervo Energy Stock Up 3.4%

NASDAQ FRVO opened at $27.90 on Monday. The company’s 50-day simple moving average is $32.94. Fervo Energy has a 12-month low of $22.50 and a 12-month high of $42.65.

Fervo Energy (NASDAQ:FRVO) last released its quarterly earnings data on Monday, June 22nd. The company reported ($3.72) EPS for the quarter, missing the consensus estimate of ($0.09) by ($3.63). The firm had revenue of $0.06 million during the quarter, compared to analysts’ expectations of $1.20 million.