Fervo Energy (NASDAQ:FRVO) Upgraded at Robert W. Baird

Fervo Energy (NASDAQ:FRVO) was upgraded by research analysts at Robert W. Baird to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts also recently weighed in on FRVO. Wolfe Research initiated coverage on shares of Fervo Energy in a research report on Monday. They issued a “peer perform” rating for the company. HC Wainwright reissued a “buy” rating on shares of Fervo Energy in a research note on Wednesday, May 27th. Jefferies Financial Group started coverage on shares of Fervo Energy in a research note on Wednesday, May 27th. They set a “hold” rating and a $42.00 target price for the company. Royal Bank Of Canada started coverage on shares of Fervo Energy in a research note on Sunday. They set an “outperform” rating and a $46.00 target price for the company. Finally, Piper Sandler started coverage on shares of Fervo Energy in a research note on Sunday. They set an “overweight” rating and a $51.00 target price for the company. Six 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $45.80.

Fervo Energy Price Performance

NASDAQ FRVO opened at $33.96 on Monday. Fervo Energy has a 1 year low of $33.24 and a 1 year high of $42.65.