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BofA Securities Upgrades Fervo Energy (FRVO) to Buy

Fri, 17 Jul 2026 06:28:15 -0400

(Updated - July 17, 2026 6:28 AM EDT)

BofA Securities analyst Ross Fowler upgraded Fervo Energy (NASDAQ: FRVO) from Neutral to Buy with a price target of $36.00 (from $40.00).

The analyst commented: "We upgrade Fervo Energy (FRVO) to Buy from Neutral with a revised $36 PO. Our fundamental outlook and probability-weighted SOTP methodology are largely unchanged,
but the shares now offer compelling upside to our PO. The recent Sawtooth 7 drilling result strengthens our conviction in Fervo’s learning-curve thesis: the company completed a longer, deeper, hotter and larger-diameter Phase II well in 21 days, matching its prior Cape Phase I record.

BofA Securities Upgrades Fervo Energy (FRVO) to Buy

Fri, 17 Jul 2026 06:28:15 -0400

(Updated - July 17, 2026 6:28 AM EDT)

BofA Securities analyst Ross Fowler upgraded Fervo Energy (NASDAQ: FRVO) from Neutral to Buy with a price target of $36.00 (from $40.00).

BofA Securities Upgrades Fervo Energy (FRVO) to Buy

Fri, 17 Jul 2026 06:28:15 -0400

(Updated - July 17, 2026 6:28 AM EDT)

BofA Securities analyst Ross Fowler upgraded Fervo Energy (NASDAQ: FRVO) from Neutral to Buy with a price target of $36.00 (from $40.00).

Fervo Energy Learning Curve Continues on 3rd Generation Well Design, Boosting Drilling Rates by 143% Since Its First Cape Station Well

Wed, 08 Jul 2026 18:06:00 -0400

HOUSTON, July 08, 2026 (GLOBE NEWSWIRE) -- Fervo Energy, the leader in enhanced geothermal systems (EGS), today announced that it has drilled Sawtooth 7, the ninth well using its 3.0 well design at Cape Station for Phase II, from spud to total depth (TD) in 21 days. Setting a new company record for drilling pace on its most complex well design to date, Sawtooth 7 reached a measured depth of 19,448 feet with a 7,500-foot lateral in a 460 degrees Fahrenheit resource.

In February 2024, Fervo announced that it

Fervo Energy Learning Curve Continues on 3rd Generation Well Design, Boosting Drilling Rates by 143% Since Its First Cape Station Well

Wed, 08 Jul 2026 18:06:00 -0400

In February 2024, Fervo announced that it

Fervo Energy Learning Curve Continues on 3rd Generation Well Design, Boosting Drilling Rates by 143% Since Its First Cape Station Well

Wed, 08 Jul 2026 18:06:00 -0400

In February 2024, Fervo announced that it

Fervo Energy Learning Curve Continues on 3rd Generation Well Design, Boosting Drilling Rates by 143% Since Its First Cape Station Well

Wed, 08 Jul 2026 18:06:00 -0400

In February 2024, Fervo announced that it

Bernstein SocGen on Fervo Energy (FRVO): 'Current weakness a buying opportunity'

Mon, 06 Jul 2026 09:47:31 -0400

Bernstein SocGen Group analyst Sunaina Ocalan reiterated an Outperform rating and $47.00 price target on Fervo Energy (NASDAQ: FRVO).

The analyst commented: "We rate FRVO Outperform with a $47/sh TP. We see almost >60% upside potential on our TP after the pull-back and see the current weakness as a buying opportunity.

Fervo listed in May with an initial pricing of $27/sh. and appreciated to a peak of ~$42/sh. It has since fallen ~50% and is trading near its initial price today. We initiated coverage with an Outperform rating and $47/sh. price target and maintain conviction ahead of the start of commercial operations

Fervo Energy (FRVO) PT Raised to $48 at Barclays

Wed, 24 Jun 2026 02:58:42 -0400

Barclays analyst J. David Anderson raised the price target on Fervo Energy (NASDAQ: FRVO) to $48.00 (from $47.00) while maintaining a Overweight rating.

Bernstein SocGen Reiterates Outperform Rating on Fervo Energy (FRVO)

Tue, 23 Jun 2026 09:08:35 -0400

Bernstein SocGen Group analyst Sunaina Ocalan reiterated an Outperform rating and $47.00 price target on Fervo Energy (NASDAQ: FRVO).

The analyst commented: "We remain Outperform-rated on FRVO with a $47/share price target. As in our initiation, we think the stock should trade more on Cape Station execution, commercial momentum, and the path to lower unit costs than on near-term quarterly earnings. Fervo reported 1Q26 revenue of $61k, net loss of $31.8mn, and EPS of -$3.72/sh. The reported net loss compares with the company’s preliminary 1Q26 indication of $29.0-35.0mn, versus a net loss of $9.1mn in 1Q25. Our read on the quarter

Piper Sandler on Fervo Energy (FRVO): 'Capital Access Supports Potential Upside'

Tue, 23 Jun 2026 08:40:19 -0400

Piper Sandler analyst Derek Podhaizer reiterated an Overweight rating and $51.00 price target on Fervo Energy (NASDAQ: FRVO).

The analyst commented: "Capital Access Supports Potential Upside; In its first earnings call as a public company, FRVO delivered a solid/straight-forward message, centered on operational execution, ability to secure capital, behind-the-meter power opportunities, and de-risking its commercial pipeline as the company scales towards 1GW by 2030 and 5GW by 2035. Investors reacted positively, sending shares up 4%, outperforming a flat S&P 500. The FRVO story remains consistent from when we launched coverage earlier this month (link), but on the call mgmt struck a

RBC Capital on Fervo Energy (FRVO): 'Heating Up'

Tue, 23 Jun 2026 08:30:11 -0400

RBC Capital analyst Christopher Dendrinos reiterated an Outperform rating and $46.00 price target on Fervo Energy (NASDAQ: FRVO).

The analyst commented: "Heating Up; FRVO remains on track for first power later this year and is progressing development at Cape Phase II where it is implementing its gen 3.0 design. Key developments/points of confirmation 1) Cape unit I (33 MW) is mechanically complete and currently being commissioned, 2) offtakers are not waiting around to see Phase I performance before signing offtake agreements, 3) FRVO is evaluating opportunities to create a positive return from upsized IPO proceeds including near- and longerterm initiatives and

Form 10-Q Fervo Energy Co For: Mar 31

Tue, 23 Jun 2026 07:40:00 -0400

si-local-file:///var/storage/secattach/20260623/26675904.html

Form 10-Q Fervo Energy Co For: Mar 31

Tue, 23 Jun 2026 07:40:00 -0400

si-local-file:///var/storage/secattach/20260623/26675904.html

Fervo Energy (FRVO) PT Raised to $50 at Baird

Tue, 23 Jun 2026 06:22:24 -0400

(Updated - June 23, 2026 6:22 AM EDT)

Baird analyst Ben Kallo raised the price target on Fervo Energy (NASDAQ: FRVO) to $50.00 (from $47.00) while maintaining a Outperform rating.

The analyst commented: "FRVO reported its first quarterly results as a public company which were highlighted by several milestones YTD on both the operating and strategic fronts. The company also announced a partnership for EGS digital twins which will allow FRVO to improve its subsurface modeling and leverage its existing data collected from Project Red and Cape Station. FRVO's IPO proceeds may enable faster development with multiple projects running in parallel; however,

Fervo Energy (FRVO) PT Raised to $50 at Baird

Tue, 23 Jun 2026 06:22:24 -0400

(Updated - June 23, 2026 6:22 AM EDT)

Baird analyst Ben Kallo raised the price target on Fervo Energy (NASDAQ: FRVO) to $50.00 (from $47.00) while maintaining a Outperform rating.

Fervo Energy Reports First Quarter 2026 Results

Mon, 22 Jun 2026 07:00:00 -0400

HOUSTON, June 22, 2026 (GLOBE NEWSWIRE) -- Fervo Energy Company (“Fervo” or the “Company”) (NASDAQ: FRVO), a leading technology-enabled independent power producer of Enhanced Geothermal Systems (EGS), today reported financial and operational results for the first quarter ended March 31, 2026.

“This is the geothermal decade, and Fervo is leading the charge,” said Tim Latimer, CEO and Co-founder of Fervo. “2026 is already

Fervo Energy Reports First Quarter 2026 Results

Mon, 22 Jun 2026 07:00:00 -0400

HOUSTON, June 22, 2026 (GLOBE NEWSWIRE) -- Fervo Energy Company (“Fervo” or the “Company”) (NASDAQ: FRVO), a leading technology-enabled independent power producer of Enhanced Geothermal Systems (EGS), today reported financial and operational results for the first quarter ended March 31, 2026.

“This is the geothermal decade, and Fervo is leading the charge,” said Tim Latimer, CEO and Co-founder of Fervo. “2026 is already

Fervo Energy Reports First Quarter 2026 Results

Mon, 22 Jun 2026 07:00:00 -0400

HOUSTON, June 22, 2026 (GLOBE NEWSWIRE) -- Fervo Energy Company (“Fervo” or the “Company”) (NASDAQ: FRVO), a leading technology-enabled independent power producer of Enhanced Geothermal Systems (EGS), today reported financial and operational results for the first quarter ended March 31, 2026.

“This is the geothermal decade, and Fervo is leading the charge,” said Tim Latimer, CEO and Co-founder of Fervo. “2026 is already

Fervo Energy Reports First Quarter 2026 Results

Mon, 22 Jun 2026 07:00:00 -0400

HOUSTON, June 22, 2026 (GLOBE NEWSWIRE) -- Fervo Energy Company (“Fervo” or the “Company”) (NASDAQ: FRVO), a leading technology-enabled independent power producer of Enhanced Geothermal Systems (EGS), today reported financial and operational results for the first quarter ended March 31, 2026.

“This is the geothermal decade, and Fervo is leading the charge,” said Tim Latimer, CEO and Co-founder of Fervo. “2026 is already

Fervo Energy, Nvidia, and PNNL to build geothermal digital twin

Mon, 22 Jun 2026 06:05:25 -0400

Fervo Energy (Nasdaq: FRVO), Nvidia, and Pacific Northwest National Laboratory (PNNL) announced an agreement to develop a digital twin platform for Enhanced Geothermal Systems (EGS) technology, called EGS-Twin, according to a press release issued June 22, 2026.
The platform is designed to integrate real-time field data with physics-based modeling and AI-driven forecasting to provide insight into subsurface behavior and operational performance. PNNL researchers will use field data from Fervo to train AI models on Nvidia AI infrastructure, which will then be integrated into Nvidia Omniverse libraries.
PNNL will develop the workflows and data pipelines, drawing on high-performance computing resources including U.S. Department

Fervo Energy, Nvidia, and PNNL to build geothermal digital twin

Mon, 22 Jun 2026 06:05:25 -0400

Fervo Energy (Nasdaq: FRVO), Nvidia, and Pacific Northwest National Laboratory (PNNL) announced an agreement to develop a digital twin platform for Enhanced Geothermal Systems (EGS) technology, called EGS-Twin, according to a press release issued June 22, 2026.
The platform is designed to integrate real-time field data with physics-based modeling and AI-driven forecasting to provide insight into subsurface behavior and operational performance. PNNL researchers will use field data from Fervo to train AI models on Nvidia AI infrastructure, which will then be integrated into Nvidia Omniverse libraries.
PNNL will develop the workflows and data pipelines, drawing on high-performance computing resources including U.S. Department

Fervo Energy and PNNL Leverage AI and NVIDIA Accelerated Computing for New Digital Twin Platform Designed to Advance Geothermal Development

Mon, 22 Jun 2026 06:05:00 -0400

New platform will integrate real-time field data, physics-based modeling, and AI to advance critical geothermal infrastructure and maximize power generation
HOUSTON, June 22, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (Nasdaq: FRVO), the global pioneer of next-generation geothermal energy, NVIDIA, and Pacific Northwest National Laboratory (PNNL) today announced an agreement to develop a next-generation digital twin platform for Enhanced Geothermal Systems (EGS) technology, known as EGS-Twin.

EGS-Twin is designed to deliver real-time insight into subsurface behavior and operational performance through the integration of high-resolution field data with physics-based modeling and AI-driven forecasting. To build EGS-Twin, PNNL researchers will use Fervo’s industry expertise and field data to

Fervo Energy and PNNL Leverage AI and NVIDIA Accelerated Computing for New Digital Twin Platform Designed to Advance Geothermal Development

Mon, 22 Jun 2026 06:05:00 -0400

New platform will integrate real-time field data, physics-based modeling, and AI to advance critical geothermal infrastructure and maximize power generation
HOUSTON, June 22, 2026 (GLOBE NEWSWIRE) -- Fervo Energy (Nasdaq: FRVO), the global pioneer of next-generation geothermal energy, NVIDIA, and Pacific Northwest National Laboratory (PNNL) today announced an agreement to develop a next-generation digital twin platform for Enhanced Geothermal Systems (EGS) technology, known as EGS-Twin.

EGS-Twin is designed to deliver real-time insight into subsurface behavior and operational performance through the integration of high-resolution field data with physics-based modeling and AI-driven forecasting. To build EGS-Twin, PNNL researchers will use Fervo’s industry expertise and field data to

Bernstein SocGen Group Starts Fervo Energy (FRVO) at Outperform

Tue, 16 Jun 2026 16:26:37 -0400
(Updated - June 16, 2026 4:26 PM EDT)
Bernstein SocGen Group analyst Sunaina Ocalan initiates coverage on Fervo Energy (NASDAQ: FRVO) with a Outperform rating and a price target of $47.00.
The analyst comments "EGS (Enhanced Geothermal Systems) leverages the trillions of dollars spent drilling & completing shale gas & oil wells and applies the technology to abundant geothermal resources which can cycle steam unexposed to the surface through a simple exchange system generating small-footprint, quick-to-market clean secure baseload electricity. The fact that Fervo is building the surface facilities in 50 MW geoblocks allows for “manufacturing” even in the surface facilities, and