Fervo Energy (NASDAQ:FRVO) Upgraded to “Strong-Buy” at Piper Sandler

Piper Sandler upgraded shares of Fervo Energy (NASDAQ:FRVO) to a strong-buy rating in a report released on Sunday morning,Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. Robert W. Baird started coverage on shares of Fervo Energy in a research report on Monday. They set an “outperform” rating and a $47.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Fervo Energy in a report on Wednesday, May 27th. They issued a “hold” rating and a $42.00 price target on the stock. HC Wainwright restated a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. Wolfe Research started coverage on shares of Fervo Energy in a report on Monday. They issued a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Fervo Energy in a report on Monday. They issued an “overweight” rating and a $47.00 price target on the stock. Six research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Fervo Energy has a consensus rating of “Buy” and a consensus target price of $45.80.

Fervo Energy Stock Down 8.8%

FRVO stock opened at $33.96 on Friday. Fervo Energy has a twelve month low of $33.24 and a twelve month high of $42.65.

Key Fervo Energy News

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

• Positive Sentiment: Multiple firms upgraded Fervo Energy to strong-buy or similar bullish ratings, including Guggenheim, Barclays, Robert W. Baird, William Blair, Sanford C. Bernstein, and Piper Sandler, signaling growing confidence in the company’s geothermal growth story. Zacks.com
• Positive Sentiment: JPMorgan initiated coverage with an overweight rating and a $47 price target, while Bank of America started coverage at neutral with a $40 target, both implying meaningful upside from recent levels. Benzinga
• Positive Sentiment: Wall Street coverage highlighted Fervo as a potential leader in geothermal scale-up, suggesting investors are increasingly viewing the company as a long-term clean-energy growth play. Yahoo Finance
• Neutral Sentiment: Wolfe Research began coverage with a peer-perform rating, which is less supportive than the bullish calls but still adds visibility to the stock. Zacks.com
• Negative Sentiment: Jefferies noted transmission constraints facing Fervo Energy, a reminder that infrastructure bottlenecks could limit how quickly the company can scale and monetize projects. Seeking Alpha