Fermi (NASDAQ:FRMI) Cut to Sell at Wall Street Zen

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

Other analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a research report on Monday, March 23rd. Citizens Jmp assumed coverage on Fermi in a research report on Monday, February 9th. They set a “market outperform” rating and a $30.00 price objective on the stock. Citigroup initiated coverage on Fermi in a research report on Monday, February 9th. They issued an “outperform” rating for the company. Finally, Texas Capital upgraded shares of Fermi to a “strong-buy” rating in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fermi currently has an average rating of “Buy” and an average target price of $31.44.

Fermi Trading Down 13.3%

FRMI stock opened at $5.36 on Friday. Fermi has a twelve month low of $4.63 and a twelve month high of $36.99. The firm has a market capitalization of $3.29 billion and a P/E ratio of -6.38. The business’s 50-day moving average price is $8.69.

Institutional Trading of Fermi

Large investors have recently bought and sold shares of the stock. Leonteq Securities AG bought a new position in shares of Fermi during the fourth quarter valued at $30,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Fermi in the 4th quarter valued at $465,000. Empire Life Investments Inc. bought a new stake in shares of Fermi in the 4th quarter worth about $5,611,000. SBI Securities Co. Ltd. acquired a new stake in shares of Fermi during the 4th quarter worth about $41,000. Finally, WJ Financial Advisors LLC acquired a new stake in shares of Fermi during the 4th quarter worth about $167,000.

Trending Headlines about Fermi

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Fermi secured a $165 million equipment‑financing facility from CSG Investments, which provides near‑term funding for buildout of Project Matador and reduces some immediate capex pressure. Article Title
• Positive Sentiment: Company press release and reporting highlight operational milestones and regulatory approvals for its Matador campus in Amarillo, signaling progress on permits and project financing that could support long‑term buildout if customers appear. Article Title
• Neutral Sentiment: Full Q4/2025 earnings‑call transcript is available; it contains management commentary on timing and customer outreach but did not announce a signed cornerstone tenant. Useful for investors wanting direct quotes on cash burn, milestones and sales progress. Article Title
• Neutral Sentiment: A widely‑circulated political story (billionaire denies confrontation over an AI data‑center matter) mentions industry politics but has no clear direct impact on Fermi’s operations; consider it background noise unless ties to Fermi customers surface. Article Title
• Negative Sentiment: Fermi reported a GAAP net loss of $486m for FY25, is essentially pre‑revenue, and burned substantial cash — results were worse than some analyst expectations and prompted fresh selloff pressure. Article Title
• Negative Sentiment: Management confirmed there is no signed cornerstone tenant for Project Matador; the absence of an anchor customer leaves the multi‑GW buildout plan speculative and raises concerns about future revenue and financing. Article Title
• Negative Sentiment: IPO lock‑up expirations and related selling pressure have amplified declines — multiple outlets report a large volume selloff as insiders/early investors gained liquidity. This increases short‑term downside risk even if operational progress continues. Article Title

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.