Fervo Energy (NASDAQ:FRVO) Now Covered by Analysts at Sanford C. Bernstein

Research analysts at Sanford C. Bernstein started coverage on shares of Fervo Energy (NASDAQ:FRVO) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage set an “outperform” rating and a $47.00 price target on the stock. Sanford C. Bernstein’s price objective suggests a potential upside of 38.60% from the stock’s current price.

Several other equities research analysts also recently commented on FRVO. HC Wainwright reiterated a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. Roth Mkm began coverage on Fervo Energy in a research report on Thursday, June 11th. They issued a “buy” rating and a $45.00 target price on the stock. William Blair began coverage on Fervo Energy in a research report on Monday, June 8th. They set an “outperform” rating and a $43.00 price objective on the stock. Wolfe Research began coverage on Fervo Energy in a research report on Monday, June 8th. They set a “peer perform” rating on the stock. Finally, Wall Street Zen raised Fervo Energy to a “hold” rating in a research report on Saturday, May 16th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.67.

Fervo Energy Stock Performance

Shares of Fervo Energy stock opened at $33.91 on Wednesday. Fervo Energy has a 12 month low of $32.39 and a 12 month high of $42.65.