Fervo Energy (NASDAQ:FRVO) Raised to Strong-Buy at Sanford C. Bernstein

Fervo Energy (NASDAQ:FRVO) was upgraded by Sanford C. Bernstein to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on FRVO. Robert W. Baird initiated coverage on Fervo Energy in a report on Monday, June 8th. They set an “outperform” rating and a $47.00 price target on the stock. Barclays assumed coverage on shares of Fervo Energy in a research report on Monday, June 8th. They set an “overweight” rating and a $47.00 price objective for the company. HC Wainwright reaffirmed a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Bank of America assumed coverage on shares of Fervo Energy in a report on Monday, June 8th. They issued a “neutral” rating and a $40.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Fervo Energy in a research note on Monday, June 8th. They issued an “overweight” rating and a $47.00 price target for the company. Four research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $45.67.

Fervo Energy Trading Up 7.6%

FRVO stock opened at $36.49 on Tuesday. Fervo Energy has a 52-week low of $32.39 and a 52-week high of $42.65.