Fervo Energy (NASDAQ:FRVO) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Fervo Energy (NASDAQ:FRVO) from a strong sell rating to a sell rating in a research note issued to investors on Monday.

Several other brokerages have also recently weighed in on FRVO. Robert W. Baird raised their target price on Fervo Energy from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. HC Wainwright reiterated a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $46.00 price target on shares of Fervo Energy in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. started coverage on shares of Fervo Energy in a report on Monday, June 8th. They issued an “overweight” rating and a $47.00 price target for the company. Finally, Guggenheim upgraded shares of Fervo Energy to a “strong-buy” rating and set a $48.00 price objective for the company in a research report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $45.25.

Fervo Energy Price Performance

FRVO opened at $25.49 on Monday. The business has a 50 day moving average price of $33.24. Fervo Energy has a 1-year low of $22.50 and a 1-year high of $42.65.

Fervo Energy (NASDAQ:FRVO) last issued its quarterly earnings results on Monday, June 22nd. The company reported ($3.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($3.63). The firm had revenue of $0.06 million during the quarter, compared to the consensus estimate of $1.20 million.