Analysts Issue Forecasts for Fervo Energy Q4 Earnings

Key Points

• Northland Securities cut its Q4 2026 EPS forecast to a loss of $0.14 per share from a projected loss of $0.09, while keeping its Outperform rating and $27 price target.
• Fervo reported a quarterly loss of $0.07 per share, better than analysts’ expected loss of $0.10; revenue was $0.12 million.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $36.35, though individual targets vary widely.

Fervo Energy Company (NASDAQ:FRVO - Free Report) - Investment analysts at Northland Securities decreased their Q4 2026 earnings estimates for Fervo Energy in a report issued on Tuesday, November 10th. Northland Securities analyst J. Grampp now expects that the company will earn ($0.14) per share for the quarter, down from their prior estimate of ($0.09). Northland Securities currently has an "Outperform" rating and a $27.00 price target on the stock. The consensus estimate for Fervo Energy's current full-year earnings is ($0.58) per share. Northland Securities also issued estimates for Fervo Energy's Q1 2027 earnings at ($0.15) EPS, Q2 2027 earnings at ($0.15) EPS, Q3 2027 earnings at ($0.15) EPS, Q4 2027 earnings at ($0.17) EPS, FY2027 earnings at ($0.63) EPS and FY2028 earnings at ($0.78) EPS.

FRVO has been the topic of a number of other research reports. Morgan Stanley assumed coverage on Fervo Energy in a report on Thursday, October 29th. They issued an "overweight" rating and a $23.00 price objective on the stock. Robert W. Baird dropped their price objective on Fervo Energy from $26.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday. Sanford C. Bernstein reiterated an "outperform" rating and set a $47.00 target price on shares of Fervo Energy in a research report on Monday. Needham & Company LLC initiated coverage on Fervo Energy in a report on Friday, November 6th. They issued a "buy" rating and a $17.00 target price for the company. Finally, Johnson Rice began coverage on Fervo Energy in a research report on Wednesday, September 23rd. They issued a "buy" rating and a $35.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $36.35.

Fervo Energy Trading Up 13.7%

Shares of NASDAQ:FRVO opened at $12.94 on Thursday. Fervo Energy has a 52 week low of $7.64 and a 52 week high of $42.65. The firm has a 50 day moving average price of $12.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 8.62 and a current ratio of 8.62. The stock has a market cap of $3.81 billion and a P/E ratio of -3.16.

Fervo Energy (NASDAQ:FRVO - Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.03. The firm had revenue of $0.12 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FRVO. Signaturefd LLC boosted its stake in shares of Fervo Energy by 175.0% during the 3rd quarter. Signaturefd LLC now owns 2,200 shares of the company's stock worth $30,000 after purchasing an additional 1,400 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in Fervo Energy in the 3rd quarter worth approximately $27,000. SBI Securities Co. Ltd. grew its stake in Fervo Energy by 387.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,512 shares of the company's stock worth $61,000 after acquiring an additional 3,586 shares during the period. Corient Private Wealth LP acquired a new position in Fervo Energy in the 2nd quarter valued at $229,000. Finally, Engineers Gate Manager LP acquired a new position in Fervo Energy in the 2nd quarter valued at $272,000.

More Fervo Energy News

Here's some of the latest news about FRVO:

• Positive Sentiment: The company highlighted a 396-MW Google deal that helped lift its backlog to $11.9 billion. Management said Cape Station remains on track, while the earnings-call recap pointed to geothermal expansion and lower construction costs. These developments support the long-term growth case, though they require execution. Fervo CEO discusses Cape Station and backlog Q3 earnings call highlights
• Positive Sentiment: Morgan Stanley initiated a Buy view, and Sanford C. Bernstein assigned an Outperform rating, signaling continued analyst support. Morgan Stanley Buy rating Bernstein Outperform rating
• Negative Sentiment: Robert W. Baird lowered its target to $20 from $26, although it maintained an Outperform rating. The cut may weigh on sentiment despite the continued favorable recommendation. Baird lowers Fervo price target

Fervo Energy Company Profile

Fervo Energy is a geothermal energy company that develops projects to produce electricity and provide energy storage. It applies drilling and subsurface technologies, including horizontal wells and fiber-optic sensing, to access geothermal resources and make them available in more locations. Founded in 2017 and headquartered in Houston, Texas, Fervo has focused on projects in the western United States. Its developments include Project Red in Nevada and Cape Station in Utah, which is planned as a large-scale geothermal power project.

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