Fervo Energy (NASDAQ:FRVO) Research Coverage Started at Northland Securities

Northland Securities initiated coverage on shares of Fervo Energy (NASDAQ:FRVO) in a report issued on Thursday morning, MarketBeat reports. The brokerage issued an outperform rating and a $27.00 target price on the stock.

A number of other analysts also recently issued reports on the company. Bank of America raised Fervo Energy from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $40.00 to $36.00 in a research report on Friday, July 17th. HC Wainwright reiterated a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Barclays upped their price objective on shares of Fervo Energy from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Wall Street Zen raised shares of Fervo Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, July 20th. Finally, Zacks Research raised shares of Fervo Energy to a “hold” rating in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.69.

Fervo Energy Stock Down 0.9%

Shares of Fervo Energy stock opened at $15.59 on Thursday. Fervo Energy has a fifty-two week low of $14.60 and a fifty-two week high of $42.65. The stock has a 50 day simple moving average of $21.10.

Fervo Energy (NASDAQ:FRVO) last posted its earnings results on Wednesday, August 12th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The business had revenue of $0.11 million during the quarter. Equities research analysts predict that Fervo Energy will post -0.48 EPS for the current year.

Institutional Trading of Fervo Energy

Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LP purchased a new position in Fervo Energy in the second quarter valued at $229,000. Engineers Gate Manager LP acquired a new stake in Fervo Energy in the 2nd quarter valued at about $272,000. AXQ Capital LP acquired a new stake in Fervo Energy in the 2nd quarter valued at about $499,000. NewEdge Advisors LLC purchased a new position in shares of Fervo Energy in the 2nd quarter valued at about $1,245,000. Finally, Ranger Investment Management L.P. acquired a new position in shares of Fervo Energy during the second quarter worth about $1,455,000.

Key Stories Impacting Fervo Energy

Here are the key news stories impacting Fervo Energy this week:

• Positive Sentiment: Fervo is reportedly expanding its partnership with Google through a 396-megawatt geothermal power agreement, with supply expected to begin in 2028. The deal could strengthen Fervo’s revenue visibility and validate demand for its enhanced geothermal technology. Fervo to power Google datacentre: Firm inks 396 MW geothermal deal; supply to start in 2028
• Positive Sentiment: Northland Securities reaffirmed an “Outperform” rating and a $27 price target, materially above Fervo’s recent trading level. This indicates the analyst sees significant upside if the company executes on its project pipeline and commercial agreements. Northland Securities Fervo Energy estimates
• Neutral Sentiment: Northland expects Fervo to remain unprofitable in every forecast period: EPS estimates are a loss of $0.06 in Q3 2026, $0.09 in Q4 2026, $0.38 for FY2027 and $0.49 for FY2028. The FY2027 loss is narrower than the projected $0.75 loss for FY2026, but the FY2028 forecast suggests profitability remains uncertain. Northland Securities earnings estimates for Fervo Energy
• Negative Sentiment: Near-term earnings expectations remain weak, and Northland’s FY2026 loss estimate of $0.75 per share is substantially worse than the broader consensus loss estimate of $0.42. Ongoing losses and limited current revenue may be weighing on investor sentiment despite the long-term Google opportunity.

About Fervo Energy

Fervo Energy is a geothermal energy company developing enhanced geothermal systems (EGS) designed to produce electricity from heat found deep underground. Its approach applies horizontal drilling, hydraulic stimulation and oil-and-gas well technologies to access geothermal resources in locations that may not have naturally permeable reservoirs.

The company develops geothermal projects and related drilling and reservoir-engineering technologies for utility-scale power generation. Fervo’s Project Red demonstration in northern Nevada has been used to validate its EGS approach, while the company is developing the larger Cape Station project in southwestern Utah.

Fervo Energy was founded in 2017 by Tim Latimer and Jamie Beard.