Fermi (NASDAQ:FRMI) Rating Lowered to In-Line at Evercore

Fermi (NASDAQ:FRMI) was downgraded by analysts at Evercore from an “outperform” rating to an “in-line” rating in a research report issued on Friday. They presently have a $11.00 target price on the stock. Evercore’s price target would indicate a potential upside of 49.25% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. UBS Group cut shares of Fermi from a “buy” rating to a “neutral” rating and set a $6.00 price objective for the company. in a report on Tuesday, May 5th. Citizens Jmp began coverage on shares of Fermi in a research report on Monday, February 9th. They issued a “market outperform” rating and a $30.00 target price for the company. Cantor Fitzgerald started coverage on shares of Fermi in a research note on Thursday, April 9th. They set an “overweight” rating and a $8.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Fermi in a research note on Monday, March 23rd. Finally, Citigroup began coverage on Fermi in a report on Monday, February 9th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fermi currently has a consensus rating of “Moderate Buy” and an average price target of $23.78.

Fermi Trading Up 22.8%

Shares of FRMI opened at $7.37 on Friday. Fermi has a 12 month low of $4.47 and a 12 month high of $36.99. The business’s fifty day simple moving average is $6.27 and its two-hundred day simple moving average is $10.68. The company has a market cap of $4.70 billion and a price-to-earnings ratio of -8.77.

Fermi (NASDAQ:FRMI) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.25). As a group, research analysts forecast that Fermi will post 0.4 EPS for the current year.

Insider Buying and Selling at Fermi

In other news, insider Charles Lynn Hamilton sold 398,140 shares of Fermi stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $4.58, for a total transaction of $1,823,481.20. Following the transaction, the insider owned 5,525,910 shares in the company, valued at $25,308,667.80. This trade represents a 6.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Griffin Perry sold 2,000,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $5.54, for a total transaction of $11,080,000.00. Following the sale, the insider directly owned 60,946,450 shares of the company’s stock, valued at approximately $337,643,333. The trade was a 3.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,435,207 shares of company stock valued at $67,803,539 in the last ninety days.

Institutional Trading of Fermi

A number of hedge funds and other institutional investors have recently bought and sold shares of FRMI. Renaissance Technologies LLC lifted its position in shares of Fermi by 311.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,403,700 shares of the company’s stock valued at $8,198,000 after buying an additional 1,062,400 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Fermi during the 1st quarter worth approximately $527,000. Cetera Investment Advisers lifted its holdings in Fermi by 3,262.3% during the first quarter. Cetera Investment Advisers now owns 1,201,098 shares of the company’s stock valued at $7,014,000 after purchasing an additional 1,165,376 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Fermi by 186.8% during the first quarter. Bank of New York Mellon Corp now owns 98,819 shares of the company’s stock valued at $577,000 after purchasing an additional 64,369 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Fermi in the first quarter worth approximately $154,000.

Trending Headlines about Fermi

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Fermi said it is advancing “Fermi 2.0,” highlighting more than 2 GW of power generation secured, roughly 11 GW of permitted capacity at Project Matador, and about $785 million in new equipment financing, which strengthened the bull case for its growth plan. Fermi Inc. Outlines Fermi 2.0 Strategic Evolution and Reports First Quarter 2026 Financial Results
• Positive Sentiment: The company said it expects to secure a binding tenant agreement within 90 days and is targeting a 5 GW permit by the fourth quarter, suggesting meaningful commercial momentum if executed. Seeking Alpha article on 90-day plan
• Positive Sentiment: Traders also appeared to chase the stock on unusually heavy call-option activity, which likely amplified the move and reflected rising speculation around the turnaround story.
• Neutral Sentiment: Brokerage sentiment was also supportive, with Fermi receiving an average “Moderate Buy” recommendation, reinforcing a constructive but not unanimous outlook. Fermi Receives Average Recommendation of Moderate Buy from Brokerages
• Neutral Sentiment: Fermi’s board amended bylaws to require 70% shareholder approval for board changes, a governance move aimed at stabilizing control amid an ongoing dispute with the former CEO. Fermi Board Amends Bylaws to Protect Interests of Shareholders
• Negative Sentiment: The quarterly results were weak: Fermi reported a first-quarter loss of about $189 million and EPS of $(0.30), well below expectations, underscoring that the business is still spending heavily to build out its platform. Fermi posts $189 million first-quarter loss as project investment accelerates

Fermi Company Profile

Fermi’s mission is to power the artificial intelligence (“AI”) needs of tomorrow. We are an advanced energy and hyperscaler development company purpose-built for the AI era. Our mission is to deliver up to 11 gigawatts (“GW”) of low-carbon, HyperRedundant™, and on-demand power directly to the world’s most compute-intensive businesses with 1.1 GW of power projected to be online by the end of 2026. We have entered into a long-term lease on a site large enough to simultaneously house the next three largest data center campuses by square footage currently in existence.