The 15 Wall Street analysts covering Fervo Energy Co. hold a median 12-month price target of $33 — +265.4% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 0 of 100 as at 3 Nov 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.
Consensus tells you what everyone already believes. The model scores Fervo Energy Co. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Size (31): Smaller than most of the companies we track.
Growth (0): Sales and profits are flat, shrinking, or growing more slowly than they were.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on FRVO, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +265.4% from it.
Of the 20 most recent actions, 1 moved their price target up and 5 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 19 Oct 2026 | JP Morgan | Maintains | Overweight | $38 → $27 |
| 2 Oct 2026 | Bernstein | Reiterates | Outperform | $47 |
| 2 Oct 2026 | Bernstein | Reiterates | Outperform | — |
| 25 Sept 2026 | B of A Securities | Maintains | Buy | — |
| 25 Sept 2026 | B of A Securities | Maintains | Buy | $36 → $30 |
| 25 Sept 2026 | Wolfe Research | Upgrade | Outperform | $29 |
| 25 Sept 2026 | Wolfe Research | Upgrade | Outperform | — |
| 24 Sept 2026 | Bernstein | Reiterates | Outperform | $47 |
| 24 Sept 2026 | Bernstein | Reiterates | Outperform | — |
| 24 Sept 2026 | Johnson Rice | Initiates | Buy | $35 |
| 24 Sept 2026 | Johnson Rice | Initiates | Buy | — |
| 10 Sept 2026 | Northland Capital Markets | Initiates | Outperform | $27 |
| 10 Sept 2026 | Northland Capital Markets | Initiates | Outperform | — |
| 13 Aug 2026 | Baird | Maintains | Outperform | — |
| 13 Aug 2026 | Baird | Maintains | Outperform | $50 → $35 |
| 20 July 2026 | Jefferies | Upgrade | Buy | $41 → $34 |
| 20 July 2026 | Jefferies | Upgrade | Buy | — |
| 17 July 2026 | B of A Securities | Upgrade | Buy | $40 → $36 |
| 17 July 2026 | B of A Securities | Upgrade | Buy | — |
| 24 June 2026 | Barclays | Maintains | Overweight | $47 → $48 |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
FRVO appears in the Radar on the weeks it earns a place.
AI cloud capacity
MSFTAMZNGOOGLORCL
AI chips
NVDAAVGOAMDMU
AI networking and serversIn full
ANETDELLLITECRDO
Data centre power
VRTCEGGEVVST
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 98% of US stocks
Cheaper than 1% of US stocks
Cheaper than 71% of US stocks
Cheaper than 88% of US stocks
Higher than 91% of US stocks
Higher than 1% of US stocks
Higher than 1% of US stocks
Higher than 3% of US stocks
Higher than 96% of US stocks
Higher than 33% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Fervo Energy Co. has a market value of $2.7B and an enterprise value of $1.2B.
Revenue in the twelve months to 30 June 2026: $174K. The latest quarter grew 85.2% year on year.
Net income over the same four quarters: −$108.3M, a −62258.0% net margin.
Diluted earnings per share, trailing twelve months: $−0.58.
Free cash flow in the twelve months to 30 June 2026: −$650.2M, after $612.6M of capital spending.
Fervo Energy Co. spent $2.0M on share buybacks in the twelve months to 30 June 2026.
Trailing P/E: −45.8×; forward P/E: −29.1× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
Fervo Energy Co. employs 261 people — $666.7 of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
| Company | Market cap | TKN rank |
|---|---|---|
| FRVOFervo Energy Co. | $2.7B | 0 |
| RNWReNew Energy Global Plc | $2.5B | 31 |
| BEPCBrookfield Renewable Corp. | $5.5B | 7 |
| MWHSOLV Energy, Inc. | $5.6B | 2 |
| ORAOrmat Technologies, Inc. | $5.7B | 29 |
| CWENClearway Energy, Inc. | $7.1B | 38 |
| MGEEMGE Energy, Inc.* | $2.7B | 37 |
* Nearest Utilities names by size — few utilities - renewable companies of this scale trade in the US universe.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Fervo Energy Co. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
A Zacks Q3 earnings preview says Fervo Energy faces pressure from heavy construction costs and limited revenues, alongside improving drilling efficiency and expanding power agreements.
Why it matters — FRVO watchers may note the competing cost and revenue pressures and operational and agreement developments ahead of the Q3 earnings report.
MarketWatch reports that Morgan Stanley views geothermal technology as being in the early stages of its own shale revolution, in a story about energy sources for AI’s power needs.
Why it matters — The item highlights geothermal technology as a potential part of the response to AI-related power demand, a topic relevant to Fervo Energy watchers.
Morpheus Research’s October 6 report alleged that Fervo had not disclosed thermal decline, excessive water loss, and seismicity-related equipment damage. The report triggered an intraday share-price decline; FRVO closed that day at $14.33, about 46% below its $27 IPO price.
Why it matters — The allegations and reported share-price response may be relevant to investors assessing Fervo’s operating risks and market scrutiny.
Fervo Energy announced it will release its third-quarter 2026 financial and operational results before the market opens on November 9, 2026. The company will hold a webcast and conference call at 10:00 a.m. ET that day to discuss the results.
Why it matters — FRVO watchers can note the scheduled date and time for the company’s quarterly results and discussion.
Alger Dynamic Opportunities Fund’s Class A shares underperformed the S&P 500 in Q3 2026. Long positions detracted from absolute and relative performance, while short positions contributed to both.
Why it matters — The excerpt does not mention Fervo Energy, so it provides no company-specific information for FRVO watchers.
The 15 Wall Street analysts covering Fervo Energy Co. have a median 12-month price target of $33, with estimates ranging from $16 to $51. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 15 analysts covering Fervo Energy Co., 15 rate it a Buy, 0 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Fervo Energy Co. 0 out of 100 across roughly 4,600 US stocks as at 3 Nov 2026. None of this is personal advice — it does not consider your circumstances.
As at 3 Nov 2026, Fervo Energy Co. ranks 0 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Size (31 of 100).
No one can know that. What the data says: the median 12-month target from 15 analysts implies +265.4% from the last close, and Ticker Nerd's factor model ranks Fervo Energy Co. 0 out of 100 as at 3 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Fervo Energy Co. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FRVO are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $16 to $51 over the next 12 months.
Fervo Energy Company Class A Common Stock represents ownership in Fervo Energy Company, a geothermal energy developer and operator focused on producing electricity from underground heat resources. Fervo Energy builds, owns, and operates geothermal power facilities in the United States, using technology-enabled methods to access and develop enhanced geothermal systems.
The most recent item we track (Zacks Investment Research, 4 Nov 2026): "Fervo Energy Q3 Earnings Preview: Here's What You Should Know". A Zacks Q3 earnings preview says Fervo Energy faces pressure from heavy construction costs and limited revenues, alongside improving drilling efficiency and expanding power agreements.
Fervo Energy Company Class A Common Stock represents ownership in Fervo Energy Company, a geothermal energy developer and operator focused on producing electricity from underground heat resources. Fervo Energy builds, owns, and operates geothermal power facilities in the United States, using technology-enabled methods to access and develop enhanced geothermal systems. Its business centers on generating dependable, carbon-free power for utilities, large energy users, and the broader renewable electricity market. The company’s activities place it within the utilities and renewable energy sectors, where geothermal generation serves as a steady source of baseload power alongside other clean-energy technologies. Fervo Energy Company is headquartered in Houston, Texas, and its Class A common stock is used by public market investors to track the company’s operating progress and participation in the expanding geothermal power industry.
CEO Mr. Timothy Michael Latimer · 261 employees · United States · https://fervoenergy.com
