Fermi (NASDAQ:FRMI) Stock Gets Price Target Cut from Cantor Fitzgerald

Fermi (NASDAQ:FRMI) had its price target reduced by Cantor Fitzgerald from $12.00 to $8.00 in a research note released on Friday, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

FRMI has been the topic of a number of other research reports. Weiss Ratings lowered Fermi from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 14th. Stifel Nicolaus lowered their target price on Fermi from $29.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Finally, Mizuho dropped their target price on Fermi from $27.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.67.

Fermi Price Performance

FRMI stock opened at $3.16 on Friday. The stock has a market cap of $2.03 billion and a price-to-earnings ratio of -2.68. The company has a 50 day simple moving average of $4.96 and a 200 day simple moving average of $5.95. Fermi has a 1 year low of $3.00 and a 1 year high of $30.90.

Fermi (NASDAQ:FRMI) last issued its earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. During the same quarter last year, the business posted ($0.02) earnings per share. On average, equities research analysts anticipate that Fermi will post -0.33 EPS for the current fiscal year.

Insider Transactions at Fermi

In other Fermi news, major shareholder Toby R. Neugebauer sold 2,750,000 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $3.73, for a total transaction of $10,257,500.00. Following the sale, the insider owned 91,609,659 shares of the company’s stock, valued at approximately $341,704,028.07. This represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Fermi in the 2nd quarter valued at about $41,000. NewEdge Advisors LLC bought a new stake in Fermi in the first quarter worth approximately $54,000. SteelPeak Wealth LLC bought a new stake in Fermi in the third quarter worth approximately $42,000. Farther Finance Advisors LLC increased its holdings in Fermi by 139.1% in the third quarter. Farther Finance Advisors LLC now owns 10,456 shares of the company’s stock worth $44,000 after purchasing an additional 6,083 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in Fermi in the second quarter valued at approximately $104,000.

Key Stories Impacting Fermi

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.

Fermi Company Profile

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.