Royal Bank Of Canada Upgrades Fervo Energy (NASDAQ:FRVO) to “Moderate Buy”

Fervo Energy (NASDAQ:FRVO) was upgraded by analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts also recently commented on FRVO. Wall Street Zen upgraded Fervo Energy to a “hold” rating in a research report on Saturday, May 16th. William Blair assumed coverage on Fervo Energy in a report on Monday. They issued an “outperform” rating and a $43.00 target price for the company. HC Wainwright reissued a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. JPMorgan Chase & Co. assumed coverage on Fervo Energy in a report on Monday. They issued an “overweight” rating and a $47.00 target price for the company. Finally, Guggenheim raised Fervo Energy to a “strong-buy” rating in a report on Monday. Six research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Fervo Energy presently has a consensus rating of “Buy” and an average price target of $45.80.

Fervo Energy Stock Down 8.8%

Shares of FRVO stock opened at $33.96 on Monday. Fervo Energy has a 12 month low of $33.24 and a 12 month high of $42.65.