Fervo Energy Company (FRVO) – What Are Brokerages Thinking About This Stock?

Fervo Energy Company (NASDAQ:FRVO) has been given a consensus rating of “Moderate Buy” by the eighteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $38.50.

FRVO has been the topic of a number of research analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $47.00 price target on shares of Fervo Energy in a report on Friday, October 2nd. Johnson Rice started coverage on shares of Fervo Energy in a research report on Wednesday, September 23rd. They set a “buy” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Fervo Energy from $38.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Wall Street Zen upgraded shares of Fervo Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, July 20th. Finally, Weiss Ratings started coverage on shares of Fervo Energy in a research note on Tuesday, August 18th. They set a “sell (d)” rating on the stock.

Institutional Investors Weigh In On Fervo Energy

Several hedge funds and other institutional investors have recently bought and sold shares of FRVO. Sterling Capital Management LLC acquired a new position in shares of Fervo Energy during the third quarter valued at about $27,000. Signaturefd LLC boosted its position in shares of Fervo Energy by 175.0% during the 3rd quarter. Signaturefd LLC now owns 2,200 shares of the company’s stock worth $30,000 after purchasing an additional 1,400 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Fervo Energy by 387.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,512 shares of the company’s stock valued at $61,000 after buying an additional 3,586 shares during the period. Corient Private Wealth LP acquired a new stake in shares of Fervo Energy in the 2nd quarter valued at about $229,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Fervo Energy in the 2nd quarter valued at about $272,000.

Fervo Energy News Summary

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

• Positive Sentiment: A report says Morgan Stanley sees about 150% upside, offering a bullish counterpoint to the short report that contributed to a steep decline in Fervo shares over the past month. Fervo Energy Lost 36% in a Month on a Short Report. Morgan Stanley Sees 150% Upside
• Positive Sentiment: Investors bought 18,524 call options on Tuesday, over three times the average volume. That may signal increased bullish positioning, though options activity is not a guarantee of share gains.
• Positive Sentiment: Growing interest in geothermal power as a potential source of electricity for AI-related demand could benefit the sector and Fervo if the company can convert that interest into projects and revenue. Geothermal energy looks to ride the AI wave
• Neutral Sentiment: Coverage highlights that Fervo’s Cape project first-power timeline is approaching a key test. Execution against the schedule may be important to investor confidence. Fervo’s Cape First-Power Timeline Faces Its Real Test After A 68% Slide
• Negative Sentiment: Rosen Law Firm says it is investigating potential securities claims over allegations that Fervo may have issued materially misleading business information. The announcement is an investigation, not a finding of wrongdoing, but adds legal and reputational uncertainty. Rosen Law Firm investigation announcement
• Negative Sentiment: Fervo’s IPO lock-up period is due to expire November 9. Newly eligible shares could increase selling pressure, although expiration does not mean holders will sell. Fervo Energy Company’s Lock-Up Period Will Expire on November 9th

Fervo Energy Price Performance

Shares of Fervo Energy stock opened at $9.32 on Wednesday. Fervo Energy has a one year low of $7.72 and a one year high of $42.65. The company has a current ratio of 8.62, a quick ratio of 8.62 and a debt-to-equity ratio of 0.08. The company’s 50-day simple moving average is $13.56. The company has a market cap of $2.75 billion and a price-to-earnings ratio of -2.27.

Fervo Energy (NASDAQ:FRVO) last released its earnings results on Wednesday, August 12th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The company had revenue of $0.11 million during the quarter. On average, sell-side analysts expect that Fervo Energy will post -0.58 EPS for the current fiscal year.

About Fervo Energy

Fervo Energy is a geothermal energy company developing enhanced geothermal systems designed to generate electricity from heat found deep beneath the earth’s surface. The company applies techniques adapted from the oil and gas industry, including horizontal drilling and hydraulic stimulation, to create engineered geothermal reservoirs in areas where conventional geothermal resources may not be available.

Founded in 2017, Fervo combines advanced drilling, distributed fiber-optic sensing and reservoir engineering to evaluate and operate geothermal projects.