Fermi (NASDAQ:FRMI) Shares Up 8.9% – What’s Next?

Fermi Inc. (NASDAQ:FRMI)’s share price traded up 8.9% during mid-day trading on Friday . The stock traded as high as $10.08 and last traded at $10.02. 4,233,916 shares traded hands during trading, a decline of 43% from the average session volume of 7,491,253 shares. The stock had previously closed at $9.20.

Fermi News Roundup

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Texas Capital (reported via Zacks) upgraded Fermi to a “strong‑buy,” which can attract buying interest and help support the stock amid the volatility. Zacks – Texas Capital upgrade
• Neutral Sentiment: Multiple law firms are issuing deadline reminders for investors to seek lead‑plaintiff status (common deadline cited: March 6, 2026). These notices themselves are procedural but indicate several firms are coordinating claims — watch dominant plaintiffs and lead‑plaintiff filings for who will control litigation strategy. Bernstein Liebhard deadline alert
• Negative Sentiment: Several national plaintiffs’ firms (Robbins Geller, Hagens Berman, Bleichmar Fonti & Auld, Berger Montague, Pomerantz, Schall, Faruqi & Faruqi, et al.) have announced investigations or filed securities class actions alleging Fermi’s IPO prospectus and later disclosures misled investors about tenant demand and funding for Project Matador. Defendants named in filings include Fermi, senior executives, directors and IPO underwriters — this creates legal exposure, potential liability and distraction for management. Robbins Geller investor alert
• Negative Sentiment: Press releases note a prior sharp decline (one release cites a ~33% drop) tied to the disclosures, which has already prompted multiple lawsuits and investor outreach — this history increases the likelihood of sustained volatility and potential future impairment to the stock if settlements or adverse rulings follow. BFA Law – stock drop / class action

Analyst Ratings Changes

Several research firms recently weighed in on FRMI. Zacks Research upgraded shares of Fermi to a “hold” rating in a research report on Tuesday, October 28th. Macquarie reissued an “outperform” rating and set a $35.00 target price on shares of Fermi in a research report on Wednesday, November 12th. Stifel Nicolaus initiated coverage on shares of Fermi in a research note on Monday, October 27th. They set a “buy” rating and a $29.00 price target for the company. Mizuho began coverage on Fermi in a research note on Monday, October 27th. They issued an “outperform” rating and a $27.00 price objective on the stock. Finally, UBS Group assumed coverage on Fermi in a research report on Monday, October 27th. They issued a “buy” rating and a $30.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Fermi currently has a consensus rating of “Buy” and a consensus price target of $31.56.

Fermi Trading Up 6.5%

The firm’s 50-day moving average is $11.55. The firm has a market capitalization of $6.02 billion and a P/E ratio of -11.67.

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

Institutional Trading of Fermi

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC bought a new position in Fermi in the 4th quarter worth about $423,000. ORG Wealth Partners LLC purchased a new stake in shares of Fermi in the fourth quarter worth about $151,000. Choreo LLC bought a new position in shares of Fermi in the fourth quarter valued at approximately $98,000. Prime Capital Investment Advisors LLC purchased a new position in Fermi during the fourth quarter valued at approximately $84,000. Finally, Aspect Partners LLC purchased a new position in Fermi during the fourth quarter valued at approximately $38,000.

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.