Fervo Energy (NASDAQ:FRVO) Upgraded to “Strong-Buy” at Piper Sandler

Fervo Energy (NASDAQ:FRVO) was upgraded by investment analysts at Piper Sandler to a “strong-buy” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. Barclays began coverage on Fervo Energy in a research report on Monday. They set an “overweight” rating and a $47.00 target price on the stock. HC Wainwright reaffirmed a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Guggenheim raised Fervo Energy to a “strong-buy” rating in a research report on Monday. Royal Bank Of Canada began coverage on Fervo Energy in a research report on Sunday. They set an “outperform” rating and a $46.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on Fervo Energy in a research report on Monday. They set an “overweight” rating and a $47.00 target price on the stock. Six equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $45.80.

Fervo Energy Price Performance

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