Roth Mkm Upgrades Fervo Energy (NASDAQ:FRVO) to “Strong-Buy”

Fervo Energy (NASDAQ:FRVO) was upgraded by analysts at Roth Mkm to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also issued reports on FRVO. Zacks Research raised Fervo Energy to a “hold” rating in a research note on Tuesday. Guggenheim raised Fervo Energy to a “strong-buy” rating and set a $48.00 price target on the stock in a research note on Monday, June 8th. JPMorgan Chase & Co. began coverage on Fervo Energy in a research note on Monday, June 8th. They issued an “overweight” rating and a $47.00 price target on the stock. Wolfe Research began coverage on Fervo Energy in a research note on Monday, June 8th. They set a “peer perform” rating on the stock. Finally, Barclays began coverage on Fervo Energy in a research note on Monday. They set an “overweight” rating and a $47.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Fervo Energy has an average rating of “Moderate Buy” and an average target price of $45.67.

Fervo Energy Stock Up 1.6%

Shares of NASDAQ:FRVO opened at $35.19 on Thursday. Fervo Energy has a 1 year low of $32.39 and a 1 year high of $42.65.