Fermi (NASDAQ:FRMI) Stock Price Down 8.6% – What’s Next?

Fermi Inc. (NASDAQ:FRMI)’s share price fell 8.6% on Tuesday . The company traded as low as $9.23 and last traded at $9.40. 2,610,596 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 6,725,121 shares. The stock had previously closed at $10.29.

Fermi News Roundup

Here are the key news stories impacting Fermi this week:

• Neutral Sentiment: Short-interest report is unclear — a February update claims a “significant increase” in short interest but the published numbers show zeros/NaN, so there’s no reliable short-interest signal to explain the move.
• Neutral Sentiment: Fermilab settlement reported: a $40M construction-fall settlement at Fermilab was published; this concerns Fermilab and not Fermi Inc., so any direct impact on FRMI fundamentals appears limited. Injured Ironworker Settles Construction Fall Case at Fermilab for $40M
• Neutral Sentiment: Comparative coverage: a market comparison piece mentions FRMI alongside Adamas Trust; background reading but not a primary catalyst. Adamas Trust (NASDAQ:ADAM) and Fermi (NASDAQ:FRMI) Critical Comparison
• Negative Sentiment: Hagens Berman update: the firm is scrutinizing and seeking lead-plaintiff status in a securities class action alleging Fermi misrepresented demand for Project Matador and the stability of a primary anchor tenant (references an alleged ~$150M anchor-tenant exit). This alleges material misstatements about the company’s core project and is a direct negative legal overhang. FRMI ALERT: Hagens Berman Scrutinizing Suit Against Fermi (FRMI) Over Alleged $150M Anchor Tenant Exit
• Negative Sentiment: Multiple plaintiff firms filing/soliciting: several national securities law firms (Glancy Prongay Wolke & Rotter; Berger Montague; Portnoy; Bernstein Liebhard; Bleichmar Fonti & Auld; Schall; DJS; Faruqi & Faruqi, among others) have announced class actions or notice deadlines tied to the IPO and October–December 2025 trading windows. Consolidated litigation, potential discovery and damages exposure increase legal risk and investor uncertainty; lead-plaintiff deadlines are in early March. Deadline Alert: Fermi Inc. (FRMI) Shareholders Urged To Contact Glancy Prongay Wolke & Rotter LLP

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FRMI shares. Citizens Jmp assumed coverage on Fermi in a research note on Monday, February 9th. They issued a “market outperform” rating and a $30.00 target price for the company. Stifel Nicolaus began coverage on Fermi in a research report on Monday, October 27th. They issued a “buy” rating and a $29.00 price objective for the company. Macquarie Infrastructure restated an “outperform” rating and set a $35.00 target price on shares of Fermi in a research report on Wednesday, November 12th. Zacks Research upgraded shares of Fermi to a “hold” rating in a research report on Tuesday, October 28th. Finally, Mizuho began coverage on shares of Fermi in a report on Monday, October 27th. They issued an “outperform” rating and a $27.00 price objective on the stock. Three 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $31.44.

Fermi Stock Performance

The stock’s 50 day moving average is $9.38. The stock has a market capitalization of $5.90 billion and a PE ratio of -11.44.

Institutional Investors Weigh In On Fermi

A number of hedge funds have recently modified their holdings of FRMI. Pentwater Capital Management LP bought a new position in shares of Fermi during the 4th quarter valued at about $600,000. ArrowMark Colorado Holdings LLC bought a new position in Fermi in the fourth quarter valued at approximately $3,443,000. Cantor Fitzgerald L. P. bought a new position in Fermi in the fourth quarter valued at approximately $260,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Fermi in the fourth quarter valued at approximately $133,000. Finally, Anson Funds Management LP bought a new stake in shares of Fermi during the fourth quarter worth $2,821,000.

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.