Value Aligned Research Advisors LLC Invests $63.16 Million in Fervo Energy Company $FRVO

Key Points

• Value Aligned Research Advisors acquired 2.16 million Fervo Energy shares worth approximately $63.16 million, representing about 0.73% of the company. Several other institutional investors also initiated positions during the second quarter, including Wellington Management with a stake valued at $129.6 million.
• Analyst sentiment is broadly positive, with Fervo holding a consensus “Moderate Buy” rating and an average price target of $44. Barclays, UBS, and Guggenheim set targets around $48.
• Fervo shares opened at $15.96, near their one-year low of $15.22, after the company reported a quarterly loss of $0.38 per share—well below the $0.09 consensus estimate—and revenue of just $0.11 million.

Value Aligned Research Advisors LLC acquired a new stake in Fervo Energy Company (NASDAQ:FRVO - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,160,607 shares of the company's stock, valued at approximately $63,155,000. Value Aligned Research Advisors LLC owned about 0.73% of Fervo Energy as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. AXQ Capital LP bought a new position in shares of Fervo Energy in the 2nd quarter worth about $499,000. Resolute Advisors LLC acquired a new position in shares of Fervo Energy in the 2nd quarter valued at about $5,285,000. Wellington Management Group LLP bought a new stake in shares of Fervo Energy during the 2nd quarter valued at about $129,600,000. Finally, Ranger Investment Management L.P. bought a new stake in shares of Fervo Energy during the 2nd quarter valued at about $1,455,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on Fervo Energy from $47.00 to $48.00 and gave the stock an "overweight" rating in a report on Wednesday, June 24th. Wolfe Research initiated coverage on Fervo Energy in a report on Monday, June 8th. They set a "peer perform" rating on the stock. HC Wainwright reaffirmed a "buy" rating on shares of Fervo Energy in a research report on Wednesday, May 27th. UBS Group set a $48.00 price objective on shares of Fervo Energy in a research note on Wednesday, June 24th. Finally, Guggenheim upgraded shares of Fervo Energy to a "strong-buy" rating and set a $48.00 target price on the stock in a research report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.

Fervo Energy Price Performance

Shares of FRVO opened at $15.96 on Friday. The company has a 50-day moving average price of $24.26. Fervo Energy Company has a one year low of $15.22 and a one year high of $42.65.

Fervo Energy (NASDAQ:FRVO - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.29). The company had revenue of $0.11 million during the quarter. On average, sell-side analysts forecast that Fervo Energy Company will post -0.42 earnings per share for the current fiscal year.

Fervo Energy Profile

Fervo Energy Company is a geothermal energy developer, builds, owns and operates geothermal power facilities. Fervo Energy Company is based in Houston, Texas.

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