Fermi (NASDAQ:FRMI) Trading Up 6.4% – Here’s Why

Fermi Inc. (NASDAQ:FRMI)’s share price was up 6.4% during trading on Friday . The stock traded as high as $10.45 and last traded at $10.31. Approximately 1,427,299 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 7,680,597 shares. The stock had previously closed at $9.69.

Key Stories Impacting Fermi

Here are the key news stories impacting Fermi this week:

• Neutral Sentiment: BNB Chain item referencing a “Fermi hard fork” and sub‑second block times — likely pertains to blockchain infrastructure named Fermi (unclear connection to Fermi Inc. the AI/real‑estate company), so treat as neutral until confirmed. Read More.
• Negative Sentiment: Multiple law firms have announced a securities class action against Fermi alleging that IPO materials and subsequent disclosures misled investors about tenant demand and funding for Project Matador; the complaint covers purchases in the IPO and trades between Oct 1 and Dec 11, 2025. This is direct legal and reputational risk that could pressure the stock over time. Read More.
• Negative Sentiment: Dozens of plaintiff firms (Hagens Berman, Faruqi & Faruqi, Robbins Geller, Bleichmar Fonti & Auld, Levi & Korsinsky, and others) are soliciting lead‑plaintiff candidates and reminding investors of a March 6, 2026 deadline — a sign the litigation campaign is broad and ongoing, increasing potential defense costs and investor uncertainty. Read More.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FRMI. UBS Group initiated coverage on Fermi in a research note on Monday, October 27th. They issued a “buy” rating and a $30.00 price objective for the company. Evercore ISI set a $37.00 price target on shares of Fermi and gave the company an “outperform” rating in a research report on Monday, October 27th. Redburn Partners set a $31.00 price target on shares of Fermi in a research note on Monday, October 27th. Berenberg Bank initiated coverage on shares of Fermi in a report on Monday, October 27th. They set a “buy” rating and a $37.00 price target on the stock. Finally, Rothschild Redb upgraded Fermi to a “strong-buy” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Fermi presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.56.

Fermi Stock Up 3.5%

The company’s 50 day moving average price is $12.98. The firm has a market capitalization of $6.16 billion and a P/E ratio of -11.94.

Fermi (NASDAQ:FRMI) last issued its earnings results on Monday, November 10th. The company reported ($0.84) earnings per share for the quarter.

Institutional Investors Weigh In On Fermi

A hedge fund recently bought a new stake in Fermi stock. ORG Wealth Partners LLC bought a new position in Fermi Inc. (NASDAQ:FRMI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 18,817 shares of the company’s stock, valued at approximately $151,000.

About Fermi

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.