Fermi (NASDAQ:FRMI) Stock Price Down 4.7% - What's Next?

Key Points

• Shares fell 4.7% to $8.46 (low $8.31) on Tuesday, with about 1,008,064 shares traded — roughly 84% below the stock's average daily volume of ~6.42 million.
• Despite the drop and a reported EPS of ($0.84) for the quarter, analysts are largely bullish: a consensus rating of Buy with a consensus target price of $31.56 and recent price targets in the $27–$29 range.
• Fermi positions itself as an AI-focused energy and hyperscaler developer aiming to deliver up to 11 GW of low‑carbon power (with 1.1 GW projected online by end‑2026) to serve compute‑intensive customers.

Fermi Inc. (NASDAQ:FRMI - Get Free Report) shares dropped 4.7% during trading on Tuesday . The company traded as low as $8.31 and last traded at $8.46. Approximately 1,008,064 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 6,416,298 shares. The stock had previously closed at $8.88.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Cantor Fitzgerald reiterated an "overweight" rating on shares of Fermi in a research note on Wednesday, November 12th. Rothschild Redb upgraded shares of Fermi to a "strong-buy" rating in a research report on Monday, October 27th. Stifel Nicolaus began coverage on shares of Fermi in a research report on Monday, October 27th. They set a "buy" rating and a $29.00 price objective for the company. Mizuho initiated coverage on Fermi in a research note on Monday, October 27th. They set an "outperform" rating and a $27.00 target price for the company. Finally, Zacks Research upgraded Fermi to a "hold" rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Fermi currently has a consensus rating of "Buy" and a consensus target price of $31.56.

Fermi Price Performance

The company's 50-day moving average price is $19.20.

Fermi (NASDAQ:FRMI - Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.84) earnings per share (EPS) for the quarter.

About Fermi

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.