Barclays Rates Fervo Energy (FRVO) buy, $48 Price Target
Barclays maintains a buy rating for Fervo Energy, aiming for a $48 target price, a 57.35% upside from the current price.
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Barclays rated Fervo Energy Company ($FRVO) "buy" with a $48 price target on June 24, 2026.
Since the rating, $FRVO is down 10.5% after 1 week, down 26.1% after 1 month and down 70.2% to date (from the $32.49 close on Jun 24, 2026).
FRVO
Fervo Energy Company
Key Points
- Barclays reiterated its buy rating for Fervo Energy on June 24, 2026, with a target price of $48.
- Barclays's $48 price target implies 57.35% upside from Fervo Energy Company's ($FRVO) current $30.50 share price.
- Shares of Fervo Energy traded at $33.31 on Wednesday, with a 52-week range between $32.39 and $42.65.
- Fervo Energy is a geothermal energy developer headquartered in Houston, TX, with a market cap of approximately $10.69 billion.
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Barclays has reiterated its buy rating for Fervo Energy Company (NasdaqGS: FRVO) with a price target of $48. This decision was made on June 24, 2026, by analyst David Anderson. Shares of Fervo Energy were trading around $33.31 on Wednesday.
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Analysts Set New Price Targets
On June 24, 2026, Barclays maintained its buy rating for Fervo Energy, setting a price target of $48. Other analysts have also weighed in recently. RBC Capital reiterated a buy rating with a $46 target on June 23, 2026, while Baird maintained a buy rating with a $50 target on the same day. Earlier in June, Roth Capital and Piper Sandler both initiated coverage with buy ratings, targeting $45 and $51, respectively.
Fervo Energy Company Stock Up 80.4%
Shares of Fervo Energy traded near $33.31 on Wednesday. The company has a market capitalization of approximately $10.69 billion. Despite not being profitable, as indicated by a forward P/E ratio of -168.3, Fervo Energy has a strong liquidity position with a current ratio of 3.17 and a quick ratio of 3.11. The stock's 52-week range is between $32.39 and $42.65, with both its 50-day and 200-day moving averages around $37.10.
$FRVO price target
Fervo Energy Company daily closes and this analyst's $48 target. Not advice.
About Fervo Energy
Fervo Energy Company, based in Houston, Texas, is a developer of geothermal energy solutions. The company specializes in building, owning, and operating geothermal power facilities. It uses advanced technologies like horizontal drilling and fiber optic sensing to enhance the productivity and lifespan of geothermal wells. Fervo Energy was founded in 2017 and is led by CEO Timothy Michael Latimer. The company employs about 199 people and operates in the renewable utilities sector.
Bottom Line
Barclays' reaffirmation of its buy rating and the $48 price target reflect continued confidence in Fervo Energy's potential. Investors often track these analyst ratings to gauge market sentiment and potential stock performance. However, it's important to remember that these ratings are based on past data and projections that may not reflect current market conditions.
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Source: Barclays's rating change on $FRVO (Jun 24, 2026). Written by software, not financial advice. How we make alerts