Fervo Energy (NASDAQ:FRVO) Rating Increased to Strong-Buy at Barclays

Fervo Energy (NASDAQ:FRVO) was upgraded by research analysts at Barclays to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently commented on FRVO. William Blair assumed coverage on shares of Fervo Energy in a report on Monday. They set an “outperform” rating and a $43.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. Sanford C. Bernstein assumed coverage on shares of Fervo Energy in a report on Monday. They issued an “outperform” rating and a $47.00 price target on the stock. Wall Street Zen raised shares of Fervo Energy to a “hold” rating in a report on Saturday, May 16th. Finally, Royal Bank Of Canada assumed coverage on shares of Fervo Energy in a report on Sunday. They issued an “outperform” rating and a $46.00 price target on the stock. Six research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $45.80.

Fervo Energy Price Performance

FRVO stock opened at $33.96 on Monday. Fervo Energy has a 52 week low of $33.24 and a 52 week high of $42.65.