Northland Securities Weighs in on Fervo Energy Q3 Earnings

Key Points

• Northland Securities expects Fervo Energy to report a Q3 2026 loss of $0.06 per share and maintains an “Outperform” rating with a $27 price target. The firm estimates a $0.75 per-share loss for full-year 2026.
• Fervo’s latest quarterly results missed expectations significantly, with a loss of $0.38 per share versus the $0.09 consensus estimate and revenue of just $0.11 million.
• Despite the earnings miss, analyst sentiment remains favorable: Fervo has a consensus “Moderate Buy” rating and an average price target of $42.69, while shares recently opened at $15.59 against a 52-week range of $14.60 to $42.65.

Fervo Energy Company (NASDAQ:FRVO - Free Report) - Analysts at Northland Securities issued their Q3 2026 earnings per share (EPS) estimates for Fervo Energy in a note issued to investors on Thursday, September 10th. Northland Securities analyst J. Grampp expects that the company will earn ($0.06) per share for the quarter. Northland Securities currently has a "Outperform" rating and a $27.00 target price on the stock. The consensus estimate for Fervo Energy's current full-year earnings is ($0.48) per share. Northland Securities also issued estimates for Fervo Energy's Q4 2026 earnings at ($0.09) EPS, FY2026 earnings at ($0.75) EPS, Q1 2027 earnings at ($0.10) EPS, Q2 2027 earnings at ($0.09) EPS, Q3 2027 earnings at ($0.09) EPS, Q4 2027 earnings at ($0.10) EPS, FY2027 earnings at ($0.38) EPS and FY2028 earnings at ($0.49) EPS.

Fervo Energy (NASDAQ:FRVO - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.29). The company had revenue of $0.11 million for the quarter.

Other research analysts have also issued research reports about the stock. Sanford C. Bernstein assumed coverage on shares of Fervo Energy in a research report on Tuesday, June 23rd. They set an "outperform" rating and a $47.00 price objective for the company. Royal Bank Of Canada reissued an "outperform" rating and set a $46.00 target price on shares of Fervo Energy in a research report on Tuesday, June 23rd. Wolfe Research initiated coverage on Fervo Energy in a research note on Monday, June 8th. They set a "peer perform" rating on the stock. Zacks Research raised Fervo Energy to a "hold" rating in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded Fervo Energy from a "strong sell" rating to a "sell" rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.69.

Fervo Energy Price Performance

Shares of Fervo Energy stock opened at $15.59 on Monday. The firm has a fifty day moving average of $21.10. Fervo Energy has a fifty-two week low of $14.60 and a fifty-two week high of $42.65.

Hedge Funds Weigh In On Fervo Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP bought a new stake in Fervo Energy in the second quarter valued at about $229,000. Engineers Gate Manager LP bought a new position in Fervo Energy during the second quarter worth about $272,000. AXQ Capital LP acquired a new stake in Fervo Energy during the second quarter valued at approximately $499,000. NewEdge Advisors LLC acquired a new stake in Fervo Energy during the second quarter valued at approximately $1,245,000. Finally, Ranger Investment Management L.P. bought a new stake in shares of Fervo Energy in the 2nd quarter valued at approximately $1,455,000.

Fervo Energy Company Profile

Fervo Energy is a geothermal energy company developing enhanced geothermal systems (EGS) designed to produce electricity from heat found deep underground. Its approach applies horizontal drilling, hydraulic stimulation and oil-and-gas well technologies to access geothermal resources in locations that may not have naturally permeable reservoirs.

The company develops geothermal projects and related drilling and reservoir-engineering technologies for utility-scale power generation. Fervo's Project Red demonstration in northern Nevada has been used to validate its EGS approach, while the company is developing the larger Cape Station project in southwestern Utah.

Fervo Energy was founded in 2017 by Tim Latimer and Jamie Beard.

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