Fermi Inc.’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:FRMI)

Fermi’s (NASDAQ:FRMI) lock-up period will end on Monday, March 30th. Fermi had issued 32,500,000 shares in its initial public offering on October 1st. The total size of the offering was $682,500,000 based on an initial share price of $21.00. After the expiration of Fermi’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analysts Set New Price Targets

Several brokerages have recently commented on FRMI. Citizens Jmp began coverage on Fermi in a research note on Monday, February 9th. They set a “market outperform” rating and a $30.00 price target on the stock. Wall Street Zen cut Fermi from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a research report on Monday, March 23rd. Texas Capital raised Fermi to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Citigroup started coverage on Fermi in a research report on Monday, February 9th. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $31.44.

Fermi Stock Up 1.6%

Shares of NASDAQ FRMI opened at $6.18 on Friday. The firm has a 50-day simple moving average of $8.79. The stock has a market capitalization of $3.79 billion and a P/E ratio of -7.36. Fermi has a 12-month low of $5.93 and a 12-month high of $36.99.

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?

Institutional Investors Weigh In On Fermi

A number of large investors have recently bought and sold shares of the stock. Balyasny Asset Management L.P. purchased a new position in Fermi during the fourth quarter worth $16,549,000. M&G PLC purchased a new stake in shares of Fermi in the fourth quarter valued at $14,443,000. Nuveen LLC purchased a new stake in shares of Fermi in the fourth quarter valued at $11,067,000. Millennium Management LLC acquired a new stake in shares of Fermi during the fourth quarter valued at $10,871,000. Finally, Nexpoint Asset Management L.P. acquired a new stake in shares of Fermi during the fourth quarter valued at $10,412,000.

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.