Fermi (NASDAQ:FRMI) Shares Up 6.4% – Still a Buy?

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

Key Fermi News

Here are the key news stories impacting Fermi this week:

• Neutral Sentiment: There is a blockchain/tech mention of a “Fermi hard fork” improving BNB Chain block times; this appears to be about a different Fermi project and is likely unrelated to Fermi Inc.’s (FRMI) IPO litigation and fundamentals. Read More.
• Negative Sentiment: Berger Montague announces a class action covering purchases from Oct 1–Dec 11, 2025 and invites investors to inquire; lead‑plaintiff deadline noted. Read More.
• Negative Sentiment: Faruqi & Faruqi is investigating claims and reminds investors of the March 6, 2026 deadline to seek lead‑plaintiff status for purchases tied to the IPO and the Oct–Dec class period. Read More.
• Negative Sentiment: Hagens Berman notifies FRMI investors of the March 6 deadline and says it is investigating alleged misstatements about tenant demand and Project Matador funding. Read More.
• Negative Sentiment: Robbins Geller alerts investors with substantial losses about the opportunity to lead a class action alleging misleading statements on tenant demand and project funding. Read More.
• Negative Sentiment: Bleichmar Fonti & Auld (BFA) notifies investors of a class action tied to a significant stock drop and urges action before the deadline. Read More.
• Negative Sentiment: Levi & Korsinsky issues a lawsuit notice to FRMI investors and highlights the upcoming class‑action deadline. Read More.
• Negative Sentiment: BFA Law, Frank R. Cruz, Pomerantz, Gross Law Firm, Schall, DJS Law Group and others have posted similar investor alerts—most covering the IPO/class period and urging investors to seek lead‑plaintiff status (common March 6 deadline; Portnoy Firm lists a March 2 deadline for a different alleged class period). These notices raise the profile and potential size of litigation exposure. Read More. • Read More. • Read More. • Read More. • Read More. • Read More.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FRMI shares. Rothschild Redb upgraded shares of Fermi to a “strong-buy” rating in a report on Monday, October 27th. Evercore ISI set a $37.00 price objective on shares of Fermi and gave the stock an “outperform” rating in a research report on Monday, October 27th. UBS Group began coverage on shares of Fermi in a research note on Monday, October 27th. They set a “buy” rating and a $30.00 target price on the stock. Mizuho started coverage on Fermi in a research report on Monday, October 27th. They issued an “outperform” rating and a $27.00 target price for the company. Finally, Stifel Nicolaus initiated coverage on Fermi in a report on Monday, October 27th. They set a “buy” rating and a $29.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.56.

Fermi Price Performance

The stock has a 50-day moving average price of $12.70. The stock has a market capitalization of $6.22 billion and a P/E ratio of -12.06.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fermi stock. ORG Wealth Partners LLC acquired a new stake in Fermi Inc. (NASDAQ:FRMI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 18,817 shares of the company’s stock, valued at approximately $151,000.

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.