Fermi Inc. (NASDAQ:FRMI) Stock Has Average Price Target of $20.67

Fermi Inc. (NASDAQ:FRMI) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $20.67.

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Fermi from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 14th. Stifel Nicolaus decreased their price objective on shares of Fermi from $29.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Cantor Fitzgerald decreased their price objective on shares of Fermi from $12.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Mizuho lowered their price objective on shares of Fermi from $27.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th.

Fermi Price Performance

FRMI opened at $3.16 on Monday. The stock’s fifty day moving average is $4.96 and its 200-day moving average is $5.95. Fermi has a one year low of $3.00 and a one year high of $30.90.

Fermi (NASDAQ:FRMI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. During the same period in the prior year, the firm posted ($0.02) earnings per share. As a group, equities research analysts predict that Fermi will post -0.33 earnings per share for the current fiscal year.

Fermi News Summary

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: MUFG loan amendment reduces near-term debt pressure. Fermi amended financing terms for Project Matador through two indirect subsidiaries, helping ease near-term debt obligations as it develops its 222-megawatt Texas power and AI data-center project. What’s Going On With Fermi Stock Friday?
• Positive Sentiment: AMD support continues to validate Project Matador. AMD’s credit support for Fermi’s Texas power lease could improve the project’s financing prospects and strengthen the company’s AI infrastructure growth story. AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
• Positive Sentiment: Cantor Fitzgerald retains an “overweight” rating. The firm lowered its price target from $12 to $8 but still sees significant potential upside, providing some analyst support despite a more cautious valuation.
• Neutral Sentiment: Investors are awaiting third-quarter results. Fermi is preparing to report earnings, with analysts forecasting a full-year loss of approximately $0.33 per share. The results and management’s commentary on liquidity, construction and lease execution could be important near-term catalysts.
• Negative Sentiment: Major shareholder sales are weighing on sentiment. Toby Neugebauer disclosed sales of 2.75 million shares on October 13 and 1.2972 million shares on October 14, worth approximately $10.3 million and $4.1 million, respectively. The transactions reduced his reported holdings by roughly 2.9% each and may signal caution or create additional selling pressure, although he remains a substantial shareholder. Insider Selling: Fermi Major Shareholder Sells Shares
• Negative Sentiment: Financing and execution risks remain. While the MUFG amendment and AMD support are constructive, Fermi still must secure funding and convert its planned power capacity and AI-cloud leases into operational, revenue-generating facilities.

Insider Activity

In other Fermi news, major shareholder Toby R. Neugebauer sold 1,297,200 shares of the company’s stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $3.15, for a total value of $4,086,180.00. Following the transaction, the insider directly owned 43,359,176 shares of the company’s stock, valued at $136,581,404.40. This represents a 2.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fermi

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in Fermi during the second quarter valued at about $41,000. NewEdge Advisors LLC acquired a new position in shares of Fermi during the first quarter worth approximately $54,000. Farther Finance Advisors LLC lifted its holdings in shares of Fermi by 139.1% during the third quarter. Farther Finance Advisors LLC now owns 10,456 shares of the company’s stock worth $44,000 after buying an additional 6,083 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Fermi in the second quarter valued at approximately $104,000. Finally, Byrne Asset Management LLC bought a new stake in shares of Fermi in the second quarter valued at approximately $109,000.

About Fermi

Fermi Inc is an energy and infrastructure company focused on developing large-scale power generation and data center facilities. The company is pursuing an integrated model designed to provide reliable electricity for high-demand computing applications, including artificial intelligence and cloud infrastructure.

Its development activities center on the planned Fermi Nuclear Campus in the Texas Panhandle. The project is expected to combine nuclear power with other generation and energy technologies, potentially including natural gas, renewable energy and battery storage, alongside data center infrastructure.