Fervo Energy (NASDAQ:FRVO) Price Target Cut to $35.00 by Analysts at Robert W. Baird

Fervo Energy (NASDAQ:FRVO) had its price objective dropped by stock analysts at Robert W. Baird from $50.00 to $35.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 73.61% from the company’s current price.

A number of other research analysts have also weighed in on FRVO. Sanford C. Bernstein started coverage on Fervo Energy in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $47.00 target price on the stock. William Blair began coverage on Fervo Energy in a research report on Monday, June 8th. They issued an “outperform” rating and a $43.00 price target for the company. Wolfe Research began coverage on Fervo Energy in a research note on Monday, June 8th. They set a “peer perform” rating on the stock. HC Wainwright reaffirmed a “buy” rating on shares of Fervo Energy in a report on Wednesday, May 27th. Finally, Barclays upped their target price on shares of Fervo Energy from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $44.00.

Fervo Energy Stock Down 16.6%

Shares of NASDAQ FRVO opened at $20.16 on Thursday. The firm’s 50-day simple moving average is $28.18. Fervo Energy has a 1 year low of $16.89 and a 1 year high of $42.65.

Fervo Energy (NASDAQ:FRVO) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The business had revenue of $0.11 million during the quarter. As a group, research analysts anticipate that Fervo Energy will post -0.26 EPS for the current fiscal year.

Key Stories Impacting Fervo Energy

Here are the key news stories impacting Fervo Energy this week:

• Positive Sentiment: Fervo raised its 2030 installed-capacity target to 1.1 gigawatts and expects approximately $60 million to $80 million in 2027 revenue, offering investors a clearer long-term growth outlook. Fervo anticipates 2027 revenue and raises capacity target
• Positive Sentiment: Operationally, mechanical completion was achieved at Cape Station’s GeoBlocks 1 and 2. Fervo is targeting test power from GeoBlock 1 in the fourth quarter of 2026 and broader production by year-end. Fervo Energy reports second-quarter 2026 results
• Neutral Sentiment: Management’s earnings call emphasized continued progress in drilling, construction and commercialization, while investors focused on the timing and funding required to convert those milestones into meaningful revenue. Fervo Energy Q2 fiscal 2026 earnings call transcript
• Negative Sentiment: Fervo reported a quarterly loss of $0.38 per share, versus consensus of a $0.09 loss, while revenue was only about $113,000. The wider-than-expected loss reinforced concerns about the company’s limited near-term revenue base. Fervo Energy quarterly earnings report
• Negative Sentiment: Capital expenditures rose sharply to approximately $226.5 million in the quarter, and management expects another $850 million to $900 million of spending in the second half of 2026. The spending profile and long path to profitability are weighing on valuation despite roughly $2.11 billion in cash.
• Negative Sentiment: Potential transmission curtailments at Cape Station, remaining commissioning work and questions about expected 2027 revenue prompted shareholder-law-firm Johnson Fistel to investigate possible securities-law claims. The announcement does not establish wrongdoing but adds headline and litigation risk. Fervo Energy investor alert

About Fervo Energy

Fervo Energy Company is a geothermal energy developer, builds, owns and operates geothermal power facilities. Fervo Energy Company is based in Houston, Texas.