Northland Securities Weighs in on Fervo Energy Q3 Earnings

Fervo Energy Company (NASDAQ:FRVO) – Analysts at Northland Securities issued their Q3 2026 EPS estimates for Fervo Energy in a note issued to investors on Thursday, September 10th. Northland Securities analyst J. Grampp anticipates that the company will post earnings per share of ($0.06) for the quarter. Northland Securities currently has a “Outperform” rating and a $27.00 target price on the stock. The consensus estimate for Fervo Energy’s current full-year earnings is ($0.48) per share. Northland Securities also issued estimates for Fervo Energy’s Q4 2026 earnings at ($0.09) EPS, FY2026 earnings at ($0.75) EPS, Q1 2027 earnings at ($0.10) EPS, Q2 2027 earnings at ($0.09) EPS, Q3 2027 earnings at ($0.09) EPS, Q4 2027 earnings at ($0.10) EPS, FY2027 earnings at ($0.38) EPS and FY2028 earnings at ($0.49) EPS.

Fervo Energy (NASDAQ:FRVO) last posted its quarterly earnings data 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 for the quarter.

Several other equities analysts have also recently commented on FRVO. Bank of America raised shares of Fervo Energy from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $40.00 to $36.00 in a research report on Friday, July 17th. Morgan Stanley raised Fervo Energy to an “overweight” rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. assumed coverage on Fervo Energy in a research note on Monday, June 8th. They set an “overweight” rating and a $47.00 price objective on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $46.00 target price on shares of Fervo Energy in a report on Tuesday, June 23rd. Finally, HC Wainwright reiterated a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.69.

Fervo Energy Stock Down 4.0%

FRVO opened at $14.96 on Monday. The business has a 50-day moving average of $20.84. Fervo Energy has a 1-year low of $14.60 and a 1-year high of $42.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new stake in Fervo Energy in the second quarter worth $272,000. NewEdge Advisors LLC acquired a new position in shares of Fervo Energy during the second quarter valued at $1,245,000. Squarepoint Ops LLC acquired a new position in shares of Fervo Energy during the second quarter valued at $12,423,000. Corient Private Wealth LP bought a new position in shares of Fervo Energy during the second quarter worth about $229,000. Finally, Readystate Asset Management LP bought a new position in shares of Fervo Energy during the second quarter worth about $4,419,000.

Fervo Energy Company Profile

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.