Fervo Energy Company (NASDAQ:FRVO – Get Free Report) shares rose 8.4% on Wednesday . The company traded as high as $26.20 and last traded at $26.20. Approximately 249,961 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 3,228,765 shares. The stock had previously closed at $24.17.
Analyst Ratings Changes
Several research firms recently commented on FRVO. Wolfe Research began coverage on shares of Fervo Energy in a report on Monday, June 8th. They set a “peer perform” rating for the company. Bank of America upgraded shares of Fervo Energy from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $40.00 to $36.00 in a research note on Friday, July 17th. Roth Capital initiated coverage on shares of Fervo Energy in a research report on Thursday, June 11th. They issued a “buy” rating and a $45.00 target price for the company. UBS Group set a $48.00 target price on shares of Fervo Energy in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Fervo Energy from a “strong sell” rating to a “sell” rating in a report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Fervo Energy currently has an average rating of “Buy” and a consensus price target of $45.25.
Check Out Our Latest Stock Report on FRVO
Fervo Energy Trading Down 11.8%
Fervo Energy (NASDAQ:FRVO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The company had revenue of $0.11 million for the quarter. On average, equities analysts anticipate that Fervo Energy Company will post -0.26 earnings per share for the current fiscal year.
About Fervo Energy
Fervo Energy Company is a geothermal energy developer, builds, owns and operates geothermal power facilities. Fervo Energy Company is based in Houston, Texas.
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