Fervo Energy Company (FRVO) – What Are Investment Firms Thinking About This Stock?

Fervo Energy Company (NASDAQ:FRVO) has received an average rating of “Moderate Buy” from the nineteen analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fifteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $36.35.

Several research firms recently commented on FRVO. Wall Street Zen raised shares of Fervo Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, July 20th. Bank of America lowered their target price on Fervo Energy from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, September 25th. Northland Securities started coverage on Fervo Energy in a report on Thursday, September 10th. They set an “outperform” rating and a $27.00 target price for the company. Weiss Ratings began coverage on Fervo Energy in a research note on Tuesday, August 18th. They issued a “sell (d)” rating on the stock. Finally, Wolfe Research upgraded Fervo Energy from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a report on Friday, September 25th.

Institutional Investors Weigh In On Fervo Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FRVO. Value Aligned Research Advisors LLC acquired a new position in shares of Fervo Energy during the 2nd quarter worth about $63,155,000. Squarepoint Ops LLC bought a new position in shares of Fervo Energy in the 2nd quarter valued at about $12,423,000. State Street Corp bought a new position in shares of Fervo Energy in the 2nd quarter valued at about $10,028,000. Readystate Asset Management LP bought a new position in shares of Fervo Energy in the 2nd quarter valued at about $4,419,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Fervo Energy in the second quarter valued at about $129,600,000.

Fervo Energy Stock Performance

NASDAQ FRVO opened at $11.38 on Wednesday. The firm has a 50-day moving average of $12.97. The company has a quick ratio of 8.62, a current ratio of 8.62 and a debt-to-equity ratio of 0.08. Fervo Energy has a 12 month low of $7.64 and a 12 month high of $42.65.

Fervo Energy (NASDAQ:FRVO) last posted its earnings results on Monday, November 9th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. The business had revenue of $0.12 million for the quarter. As a group, equities analysts predict that Fervo Energy will post -0.58 earnings per share for the current year.

More Fervo Energy News

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

• Positive Sentiment: Cape Station’s first GeoBlock entered commercial operation ahead of its contractual deadline, with two additional blocks still expected to come online by Jan. 1, 2027. Progress at the Utah geothermal project is a key execution milestone. Article: Gates-Backed Fervo Stock Rises After Its Utah Power Plant Achieves Commercial Operation
• Positive Sentiment: A new 396-megawatt, 15-year Google power agreement lifted Fervo’s contracted backlog to about $11.9 billion, supported by 1,054 MW under binding power-purchase agreements. The scale of contracted demand may strengthen the company’s growth outlook. Article: Fervo CEO Says Cape Station on Track as Google Deal Lifts Backlog to $11.9 Billion
• Positive Sentiment: Management lowered its expected second-half 2026 capital spending to $700 million–$750 million from $850 million–$900 million, without changing project schedules or total planned investment. Fervo also reported about $1.9 billion in unrestricted cash. Article: Fervo Energy Jumps After Q3 Update Highlights Cape Station Progress and Lower Near-Term Spend
• Neutral Sentiment: Fervo’s third-quarter loss of $0.07 per share was narrower than the $0.10 consensus estimate, but reported revenue was only $0.12 million, underscoring that commercial revenue is still at an early stage. Article: Fervo Energy Reports Third Quarter 2026 Results
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Fervo investors. The announcement does not establish wrongdoing, but the investigation could weigh on sentiment. Article: Pomerantz Law Firm Investigates Claims on Behalf of Fervo Investors
• Negative Sentiment: Baird lowered its price target from $26 to $20, although it maintained an “Outperform” rating. Article: Baird Price Target Update

About Fervo Energy

Fervo Energy is a geothermal energy company that develops projects to produce electricity and provide energy storage. It applies drilling and subsurface technologies, including horizontal wells and fiber-optic sensing, to access geothermal resources and make them available in more locations. Founded in 2017 and headquartered in Houston, Texas, Fervo has focused on projects in the western United States. Its developments include Project Red in Nevada and Cape Station in Utah, which is planned as a large-scale geothermal power project.