Fervo Energy (NASDAQ:FRVO) Upgraded by Royal Bank Of Canada to “Moderate Buy” Rating

Royal Bank Of Canada upgraded shares of Fervo Energy (NASDAQ:FRVO) to a moderate buy rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Piper Sandler started coverage on Fervo Energy in a report on Sunday. They set an “overweight” rating and a $51.00 target price on the stock. Guggenheim upgraded Fervo Energy to a “strong-buy” rating in a report on Monday. Bank of America started coverage on Fervo Energy in a report on Monday. They set a “neutral” rating and a $40.00 target price on the stock. William Blair started coverage on Fervo Energy in a report on Monday. They set an “outperform” rating and a $43.00 target price on the stock. Finally, Sanford C. Bernstein initiated coverage on Fervo Energy in a report on Monday. They set an “outperform” rating and a $47.00 target price on the stock. Six equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Fervo Energy presently has an average rating of “Buy” and an average target price of $45.80.

Fervo Energy Stock Performance

Shares of FRVO opened at $33.96 on Monday. Fervo Energy has a 52-week low of $33.24 and a 52-week high of $42.65.

Key Headlines Impacting Fervo Energy

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

• Positive Sentiment: Multiple firms upgraded Fervo Energy to strong-buy or similar bullish ratings, including Guggenheim, Barclays, Robert W. Baird, William Blair, Sanford C. Bernstein, and Piper Sandler, signaling growing confidence in the company’s geothermal growth story. Zacks.com
• Positive Sentiment: JPMorgan initiated coverage with an overweight rating and a $47 price target, while Bank of America started coverage at neutral with a $40 target, both implying meaningful upside from recent levels. Benzinga
• Positive Sentiment: Wall Street coverage highlighted Fervo as a potential leader in geothermal scale-up, suggesting investors are increasingly viewing the company as a long-term clean-energy growth play. Yahoo Finance
• Neutral Sentiment: Wolfe Research began coverage with a peer-perform rating, which is less supportive than the bullish calls but still adds visibility to the stock. Zacks.com
• Negative Sentiment: Jefferies noted transmission constraints facing Fervo Energy, a reminder that infrastructure bottlenecks could limit how quickly the company can scale and monetize projects. Seeking Alpha