Jefferies Upgrades Fervo Energy to Buy Amid Recent Stock Decline

Fervo Energy (FRVO) rose by 5.1% on Monday after Jefferies upgraded the geothermal company from Hold to Buy with a $34 price target, following its ~40% decline since its May IPO peak.

By Carl Surran, SA News Editor · Seeking Alpha · July 20, 2026, 18:14 UTC

Jefferies Upgrades Fervo Energy to Buy Amid Recent Stock Decline

Tickers: $FRVO

Topics: geothermal energy Jefferies stock upgrade

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