Fermi (NASDAQ:FRMI) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Fermi (NASDAQ:FRMI) from a hold rating to a sell rating in a report released on Saturday.

FRMI has been the subject of a number of other reports. Citigroup began coverage on Fermi in a research note on Monday, February 9th. They set an “outperform” rating for the company. Texas Capital raised Fermi to a “strong-buy” rating in a research report on Tuesday, January 20th. Citizens Jmp started coverage on Fermi in a research note on Monday, February 9th. They issued a “market outperform” rating and a $30.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a research report on Monday, March 23rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fermi has a consensus rating of “Buy” and a consensus price target of $31.44.

Fermi Stock Up 1.6%

Shares of NASDAQ:FRMI opened at $6.18 on Friday. The stock has a market capitalization of $3.79 billion and a price-to-earnings ratio of -7.36. The company’s 50 day simple moving average is $8.79. Fermi has a 1 year low of $5.93 and a 1 year high of $36.99.

Institutional Trading of Fermi

Several institutional investors and hedge funds have recently modified their holdings of FRMI. ORG Wealth Partners LLC bought a new stake in shares of Fermi during the fourth quarter valued at approximately $151,000. Nisa Investment Advisors LLC bought a new position in Fermi in the fourth quarter worth approximately $423,000. Prime Capital Investment Advisors LLC purchased a new position in Fermi during the 4th quarter worth $84,000. Choreo LLC purchased a new position in Fermi during the 4th quarter worth $98,000. Finally, Aspect Partners LLC bought a new stake in Fermi during the 4th quarter valued at $38,000.

More Fermi News

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Fermi filed a second Clean Air Permit application with the Texas Commission on Environmental Quality for an additional ~5 GW at Project Matador, part of a campus target of ~17 GW (11 GW of clean gas plus nuclear, solar and batteries) — a clear signal of capacity expansion and regulatory progress. Fermi America™ Files Second Clean Air Permit Application with TCEQ for 5 GW of Additional Power for Its Project Matador Private Grid
• Positive Sentiment: Fermi’s subsidiary secured a $165 million senior secured equipment financing facility to accelerate delivery of six SGT‑800 gas turbines — improves near‑term capex funding and reduces execution risk for planned capacity. Fermi Secures $165 Million Turbine Equipment Financing Facility
• Positive Sentiment: Additional coverage (Yahoo/Investing) on the $165M facility amplifies visibility into execution progress and partner backing for turbine delivery. Fermi America™ Secures $165 Million Equipment Financing Facility from CSG Investments, an Affiliate of Beal Bank USA, to Accelerate Delivery of Six SGT-800 Gas Turbines for …
• Positive Sentiment: Brokerage coverage is constructive: consensus ratings aggregate to an average “Buy,” which can help demand for shares as institutional interest increases. Fermi Inc. (NASDAQ:FRMI) Receives Average Rating of “Buy” from Brokerages
• Neutral Sentiment: Analysts and media are flagging upcoming earnings and the company’s positioning in AI power infrastructure; these items matter but will be judged on execution and revenue/EBITDA progress in the report. Fermi America earnings on deck as data center power play tested
• Negative Sentiment: The stock recently hit a new 1‑year low, underscoring continuing investor concern about valuation, longer lead times to revenue and the company’s path to profitability despite recent permits and financings. Fermi (NASDAQ:FRMI) Sets New 1-Year Low – What’s Next?

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.