Fervo Energy (NASDAQ:FRVO) Upgraded by Zacks Research to Hold Rating

Fervo Energy (NASDAQ:FRVO) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. William Blair assumed coverage on Fervo Energy in a report on Monday. They set an “outperform” rating and a $43.00 price objective on the stock. Barclays assumed coverage on Fervo Energy in a report on Monday. They set an “overweight” rating and a $47.00 price objective on the stock. Sanford C. Bernstein assumed coverage on Fervo Energy in a report on Monday. They set an “outperform” rating and a $47.00 price objective on the stock. HC Wainwright reiterated a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Fervo Energy to a “hold” rating in a research report on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Fervo Energy presently has an average rating of “Moderate Buy” and a consensus price target of $45.80.

Fervo Energy Stock Performance

Shares of FRVO opened at $33.07 on Tuesday. Fervo Energy has a one year low of $32.61 and a one year high of $42.65.

Trending Headlines about Fervo Energy

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

• Positive Sentiment: Multiple major banks and brokers initiated or upgraded coverage on Fervo Energy with bullish ratings and price targets well above the current trading level, signaling strong Street confidence in the company’s long-term growth. Article Title
• Positive Sentiment: Fervo promoted Sarah Jewett to chief operating officer, a move that suggests the company is preparing to accelerate its geothermal build-out and scale operations. Article Title