Fervo Energy (NASDAQ:FRVO) Rating Increased to Strong-Buy at Guggenheim

Fervo Energy (NASDAQ:FRVO) was upgraded by equities research analysts at Guggenheim to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. started coverage on shares of Fervo Energy in a research note on Monday. They issued an “overweight” rating and a $47.00 target price for the company. Wolfe Research started coverage on shares of Fervo Energy in a research note on Monday. They issued a “peer perform” rating for the company. Jefferies Financial Group started coverage on shares of Fervo Energy in a research note on Wednesday, May 27th. They issued a “hold” rating and a $42.00 target price for the company. Robert W. Baird started coverage on shares of Fervo Energy in a research note on Monday. They issued an “outperform” rating and a $47.00 target price for the company. Finally, Royal Bank Of Canada started coverage on shares of Fervo Energy in a research note on Sunday. They issued an “outperform” rating and a $46.00 target price for the company. Six analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $45.80.

Fervo Energy Stock Performance

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