RBC Capital Rates Fervo Energy (FRVO) buy, $46 Price Target
RBC Capital maintains its buy rating on Fervo Energy with a $46 price target, a 43.79% upside from the current price.
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RBC Capital rated Fervo Energy Company ($FRVO) "buy" with a $46 price target on June 23, 2026.
Since the rating, $FRVO is down 11.3% after 1 week, down 20.0% after 1 month and down 70.6% to date (from the $32.96 close on Jun 23, 2026).
FRVO
Fervo Energy Company
Key Points
- RBC Capital reiterated a buy rating for Fervo Energy with a $46 price target on June 23, 2026.
- RBC Capital's $46 price target implies 43.79% upside from Fervo Energy Company's ($FRVO) current $31.99 share price.
- Fervo Energy traded at $33.31 on Tuesday, with a market cap of about $10.69 billion and a 52-week high of $42.65.
- Other analysts like Baird and Roth Capital also have buy ratings, with targets at $50 and $45 respectively.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Fervo Energy Company alert may contain errors. Disclosures
RBC Capital has reiterated its buy rating on Fervo Energy Company (NasdaqGS:FRVO) with a price target of $46. This reaffirmation came on June 23, 2026, from analyst Christopher Dendrinos. Shares of Fervo Energy were trading near $33.31 on Tuesday.
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Fervo Energy Company Stock Up 89.2%
Shares of Fervo Energy Company, a geothermal energy developer, traded at $33.31 on Tuesday. The company has a market capitalization of approximately $10.69 billion. Fervo Energy's stock has seen a 52-week low of $32.39 and a high of $42.65. The company's forward P/E is not meaningful as it isn't profitable, and it also has a current ratio of 3.17, indicating a strong liquidity position.
$FRVO price target
Fervo Energy Company daily closes and this analyst's $46 target. Not advice.
Analysts Set New Price Targets
RBC Capital reiterated its buy rating on Fervo Energy with a $46 price target on June 23, 2026. On the same day, Baird maintained its buy rating, setting a target of $50. Earlier in June, Roth Capital initiated coverage with a buy rating and a $45 target. Piper Sandler and Barclays both initiated buy ratings with targets of $51 and $47, respectively, while B of A Securities rated it as hold with a $40 target.
About Fervo Energy
Fervo Energy Company, based in Houston, Texas, is a developer of geothermal energy solutions. It builds, owns, and operates geothermal power facilities, utilizing advanced technologies like horizontal drilling and data analytics to improve the efficiency and longevity of geothermal wells. Founded in 2017, the company is led by CEO Timothy Michael Latimer and employs around 199 people.
Bottom Line
RBC Capital's reiteration of the buy rating and $46 target underscores confidence in Fervo Energy's potential. Investors follow such ratings closely as they provide insights into analyst expectations. However, it's essential to remember that these are backward-looking assessments and may not reflect current market conditions.
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Source: RBC Capital's rating change on $FRVO (Jun 23, 2026). Written by software, not financial advice. How we make alerts