Fervo Energy (NASDAQ:FRVO) Raised to Sell at Wall Street Zen

Fervo Energy (NASDAQ:FRVO) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Monday.

A number of other research analysts have also recently issued reports on the stock. Robert W. Baird raised their price target on shares of Fervo Energy from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. William Blair initiated coverage on shares of Fervo Energy in a report on Monday, June 8th. They set an “outperform” rating and a $43.00 price objective on the stock. Zacks Research raised Fervo Energy to a “hold” rating in a research report on Tuesday, June 9th. HC Wainwright restated a “buy” rating on shares of Fervo Energy in a research note on Wednesday, May 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $46.00 price target on shares of Fervo Energy in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Fervo Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.92.

Fervo Energy Stock Performance

FRVO opened at $24.65 on Monday. Fervo Energy has a 52-week low of $22.50 and a 52-week high of $42.65. The firm’s 50-day moving average is $33.40.

Fervo Energy (NASDAQ:FRVO) last announced 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 company had revenue of $0.06 million for the quarter, compared to analysts’ expectations of $1.20 million.