Fermi (NASDAQ:FRMI) Stock Price Down 10.7% – Time to Sell?

Fermi Inc. (NASDAQ:FRMI) shares traded down 10.7% during trading on Thursday . The stock traded as low as $10.51 and last traded at $10.53. 5,428,793 shares were traded during mid-day trading, a decline of 23% from the average session volume of 7,064,265 shares. The stock had previously closed at $11.79.

More Fermi News

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Texas clean-air permit approval for Project Matador — regulators granted a major air-quality permit (reported as the nation’s second-largest), supporting the project’s ability to move forward and likely reducing execution risk. Fermi stock surges 16% on Texas air quality permit approval
• Positive Sentiment: Structured credit facility secured for Project Matador — Fermi arranged senior secured financing to support the Matador build, which should help funding availability and reduce near-term capital uncertainty. Fermi Secures Structured Credit Facility for Project Matador
• Neutral Sentiment: Market commentary on valuation and momentum — several write-ups question whether FRMI remains a buy after a 26–31% weekly surge; these pieces frame the stock as volatile but don’t add direct new facts. Is It Too Late To Consider Fermi (FRMI) After Recent 26% Weekly Surge?
• Neutral Sentiment: Analysis links lawsuits and broader energy policy — coverage notes Fermi is weighing litigation amid shifting funding dynamics (e.g., nuclear funding momentum), which could influence strategic options but is not an immediate balance-sheet item. Fermi Weighs Project Matador Lawsuits Against New Nuclear Funding Momentum
• Negative Sentiment: Multiple securities class-action notices filed/issued — several national plaintiff firms have launched or circulated notices alleging Fermi misrepresented demand for Project Matador and the stability of an anchor tenant; March 6 lead-plaintiff deadlines concentrate legal attention and could lead to costly litigation or disclosures. FRMI 1-WEEK DEADLINE ALERT: Fermi Inc. Facing Securities Class Action – Hagens Berman
• Negative Sentiment: Allegations tied to a cancelled $150M customer agreement — several filings and alerts highlight the cancelled agreement as a central claim; that disclosure appears to have triggered part of the recent sell-off and raises questions about revenue visibility. FRMI Investor Alert: Securities Fraud Class Action Focuses on Cancellation of $150M Agreement
• Negative Sentiment: Short-term profit-taking after recent rally — traders appear to be locking gains following a rapid run-up, amplifying downward moves amid the legal headlines. Fermi (FRMI) Loses 8% to Profit-Taking After 31% Jump

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Macquarie Infrastructure reissued an “outperform” rating and issued a $35.00 target price on shares of Fermi in a research report on Wednesday, November 12th. Texas Capital raised Fermi to a “strong-buy” rating in a research report on Tuesday, January 20th. Citigroup began coverage on shares of Fermi in a report on Monday, February 9th. They set an “outperform” rating on the stock. Wall Street Zen upgraded shares of Fermi to a “sell” rating in a research note on Saturday. Finally, Citizens Jmp initiated coverage on shares of Fermi in a research note on Monday, February 9th. They set a “market outperform” rating and a $30.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $31.44.

Fermi Price Performance

The firm’s fifty day simple moving average is $9.15. The company has a market cap of $6.12 billion and a PE ratio of -11.87.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Invesco Ltd. purchased a new stake in shares of Fermi during the fourth quarter valued at approximately $8,284,000. Axxcess Wealth Management LLC bought a new position in Fermi in the 4th quarter valued at approximately $604,000. XTX Topco Ltd purchased a new stake in Fermi during the 4th quarter valued at $1,149,000. Quadrature Capital Ltd bought a new stake in shares of Fermi in the 4th quarter worth $1,079,000. Finally, Millennium Management LLC bought a new stake in shares of Fermi in the 4th quarter worth $10,871,000.

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.