Brokers Set Expectations for Fervo Energy Q3 Earnings

Fervo Energy Company (NASDAQ:FRVO) – Investment analysts at Northland Securities issued their Q3 2026 earnings per share estimates for Fervo Energy in a report issued on Thursday, September 10th. Northland Securities analyst J. Grampp forecasts that the company will earn ($0.06) per share 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 issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The firm had revenue of $0.11 million during the quarter.

FRVO has been the topic of several other research reports. Wall Street Zen upgraded Fervo Energy from a “strong sell” rating to a “sell” rating in a report on Monday, July 20th. Robert W. Baird reduced their price target on Fervo Energy from $50.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Bank of America raised shares of Fervo Energy from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $40.00 to $36.00 in a research note on Friday, July 17th. Roth Capital began coverage on shares of Fervo Energy in a report on Thursday, June 11th. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, Zacks Research raised shares of Fervo Energy to a “hold” rating in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.69.

Fervo Energy Trading Up 1.3%

Shares of FRVO opened at $15.16 on Monday. The stock’s 50-day moving average is $20.67. Fervo Energy has a 1 year low of $14.60 and a 1 year high of $42.65.

Institutional Trading of Fervo Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP acquired a new position in shares of Fervo Energy in the 2nd quarter valued at approximately $229,000. Engineers Gate Manager LP acquired a new stake in shares of Fervo Energy during the 2nd quarter worth approximately $272,000. AXQ Capital LP acquired a new stake in shares of Fervo Energy during the 2nd quarter worth approximately $499,000. NewEdge Advisors LLC bought a new position in Fervo Energy in the second quarter valued at approximately $1,245,000. Finally, Ranger Investment Management L.P. bought a new position in Fervo Energy in the second quarter valued at approximately $1,455,000.

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.