Fervo Energy Company (NASDAQ:FRVO – Get Free Report) rose 8.4% during trading on Wednesday . The company traded as high as $26.20 and last traded at $26.20. 249,961 shares were traded during trading, a decline of 92% from the average daily volume of 3,228,765 shares. The stock had previously closed at $24.17.
Analysts Set New Price Targets
A number of research firms have weighed in on FRVO. Royal Bank Of Canada restated an “outperform” rating and issued a $46.00 target price on shares of Fervo Energy in a research report on Tuesday, June 23rd. Robert W. Baird upped their price objective on Fervo Energy from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein started coverage on Fervo Energy in a report on Tuesday, June 23rd. They set an “outperform” rating and a $47.00 target price on the stock. Barclays boosted their price target on shares of Fervo Energy from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, Zacks Research raised shares of Fervo Energy to a “hold” rating in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Fervo Energy has a consensus rating of “Buy” and an average price target of $45.25.
View Our Latest Stock Analysis on FRVO
Fervo Energy Stock Performance
Fervo Energy (NASDAQ:FRVO – Get Free Report) last announced its 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 business had revenue of $0.11 million for the quarter. Sell-side analysts forecast that Fervo Energy Company will post -0.26 earnings per share for the current year.
Fervo Energy Company Profile
Fervo Energy Company is a geothermal energy developer, builds, owns and operates geothermal power facilities. Fervo Energy Company is based in Houston, Texas.
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