Fervo Energy (NASDAQ:FRVO) Rating Increased to Strong-Buy at Guggenheim

Fervo Energy (NASDAQ:FRVO) was upgraded by stock analysts at Guggenheim to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

FRVO has been the topic of a number of other reports. Barclays started coverage on shares of Fervo Energy in a report on Monday. They set an “overweight” rating and a $47.00 target price on the stock. Wolfe Research started coverage on shares of Fervo Energy in a report on Monday. They issued a “peer perform” rating on the stock. Piper Sandler started coverage on shares of Fervo Energy in a report on Sunday. They issued an “overweight” rating and a $51.00 price objective on the stock. Bank of America started coverage on shares of Fervo Energy in a report on Monday. They issued a “neutral” rating and a $40.00 price objective on the stock. Finally, Royal Bank Of Canada started coverage on shares of Fervo Energy in a report on Sunday. They issued an “outperform” rating and a $46.00 price objective on the stock. Six investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Fervo Energy presently has an average rating of “Buy” and a consensus price target of $45.80.

Fervo Energy Stock Down 8.8%

Shares of NASDAQ:FRVO opened at $33.96 on Monday. Fervo Energy has a 1-year low of $33.24 and a 1-year high of $42.65.