Fermi Sees Unusually High Options Volume (NASDAQ:FRMI)

Fermi Inc. (NASDAQ:FRMI) saw some unusual options trading on Wednesday. Stock traders bought 11,491 call options on the company. This represents an increase of 34% compared to the typical volume of 8,602 call options.

Analysts Set New Price Targets

A number of research analysts have issued reports on FRMI shares. Stifel Nicolaus started coverage on shares of Fermi in a research note on Monday, October 27th. They set a “buy” rating and a $29.00 price target on the stock. Rothschild Redb raised Fermi to a “strong-buy” rating in a report on Monday, October 27th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Fermi in a research report on Wednesday, November 12th. Rothschild & Co Redburn initiated coverage on Fermi in a research report on Monday, October 27th. They set a “buy” rating and a $31.00 target price on the stock. Finally, Mizuho initiated coverage on Fermi in a report on Monday, October 27th. They issued an “outperform” rating and a $27.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.56.

More Fermi News

Here are the key news stories impacting Fermi this week:

• Negative Sentiment: Fermi announced the cancellation of a $150 million customer agreement tied to its Project Matador (AI/energy campus), triggering a >33% stock drop and a securities class action. Read More.
• Negative Sentiment: Multiple law firms and lead-plaintiff solicitations: Robbins Geller, Hagens Berman, Kirby McInerney, Glancy Prongay & Murray and others have announced investigations or filed suits alleging Fermi misled investors about tenant demand and project funding tied to the IPO and subsequent disclosures. These filings raise legal exposure and potential remediation costs. Read More.
• Negative Sentiment: Several plaintiff firms (Robbins Geller; Kirby McInerney; Faruqi & Faruqi; Bronstein Gewirtz; Frank R. Cruz; Howard G. Smith; Schall; DJS Law Group; Shareholders Foundation) are soliciting clients or filing actions and warning of lead-plaintiff deadlines (notably March 6, 2026), increasing investor litigation coordination and media attention. Read More.
• Negative Sentiment: Ongoing investigator notices and alerts increase reputational risk and may pressure management to disclose more details or negotiate settlements; this also raises the chance of regulatory scrutiny. Read More.

Fermi Price Performance

Fermi stock traded down $1.02 during midday trading on Wednesday, hitting $8.48. 4,017,180 shares of the stock were exchanged, compared to its average volume of 8,047,733. The firm has a market cap of $5.21 billion and a PE ratio of -10.10. The stock’s 50-day moving average price is $15.43. Fermi has a fifty-two week low of $7.28 and a fifty-two week high of $36.99.

Fermi (NASDAQ:FRMI) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.84) EPS for the quarter.

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.