Fermi (FRMI) – Analysts’ Weekly Ratings Changes

Fermi (NASDAQ: FRMI) recently received a number of ratings updates from brokerages and research firms:

• 5/15/2026 – Fermi was downgraded by Evercore Inc from “outperform” to “in-line”. They now have a $11.00 price target on the stock.
• 5/10/2026 – Fermi was downgraded by Wall Street Zen from “hold” to “sell”.
• 5/5/2026 – Fermi was downgraded by UBS Group AG from “buy” to “neutral”. They now have a $6.00 price target on the stock.
• 5/2/2026 – Fermi was upgraded by Wall Street Zen from “sell” to “hold”.
• 4/9/2026 – Fermi is now covered by Cantor Fitzgerald. They set an “overweight” rating and a $8.00 price target on the stock.
• 4/1/2026 – Fermi had its price target lowered by UBS Group AG from $30.00 to $8.00. They now have a “buy” rating on the stock.
• 3/28/2026 – Fermi was downgraded by Wall Street Zen from “hold” to “sell”.
• 3/23/2026 – Fermi had its “sell (e+)” rating reaffirmed by Weiss Ratings.

Insider Buying and Selling

In related news, COO Blanes Jacobo Ortiz sold 427,363 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $4.58, for a total value of $1,957,322.54. Following the sale, the chief operating officer owned 5,469,092 shares of the company’s stock, valued at approximately $25,048,441.36. This trade represents a 7.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Miles E. Everson sold 427,004 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $4.58, for a total value of $1,955,678.32. Following the transaction, the chief financial officer owned 9,969,791 shares of the company’s stock, valued at approximately $45,661,642.78. The trade was a 4.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,435,207 shares of company stock valued at $67,803,539 over the last quarter.

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.