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

Fervo Energy (NASDAQ:FRVO) was upgraded by analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. William Blair began coverage on Fervo Energy in a research note on Monday. They issued an “outperform” rating and a $43.00 target price for the company. Wolfe Research began coverage on Fervo Energy in a research note on Monday. They issued a “peer perform” rating for the company. Robert W. Baird began coverage on Fervo Energy in a research note on Monday. They issued an “outperform” rating and a $47.00 target price for the company. Barclays began coverage on Fervo Energy in a research note on Monday. They issued an “overweight” rating and a $47.00 target price for the company. Finally, Sanford C. Bernstein began coverage on Fervo Energy in a research note on Monday. They issued an “outperform” rating and a $47.00 target price for the company. 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. Based on data from MarketBeat.com, Fervo Energy presently has a consensus rating of “Buy” and a consensus target price of $45.80.

Fervo Energy Trading Down 8.8%

NASDAQ 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.