Fermi (NASDAQ:FRMI) Shares Gap Up – Here’s Why

Posted by George Bondi on Jun 25th, 2026

Fermi Inc. (NASDAQ:FRMI – Get Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $7.99, but opened at $8.57. Fermi shares last traded at $8.2040, with a volume of 2,226,264 shares trading hands.

Analyst Ratings Changes

FRMI has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Fermi from $29.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group cut shares of Fermi from a “buy” rating to a “neutral” rating and set a $6.00 price target on the stock. in a research report on Tuesday, May 5th. Cantor Fitzgerald initiated coverage on Fermi in a report on Thursday, April 9th. They set an “overweight” rating and a $8.00 price target for the company. Evercore downgraded Fermi from an “outperform” rating to an “in-line” rating and set a $11.00 price target for the company. in a report on Friday, May 15th. Finally, Wall Street Zen lowered Fermi from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fermi currently has an average rating of “Moderate Buy” and an average price target of $22.44.

View Our Latest Research Report on Fermi

Fermi Stock Up 1.8%

The firm’s 50 day simple moving average is $6.40 and its two-hundred day simple moving average is $7.92. The stock has a market capitalization of $5.19 billion and a P/E ratio of -7.17.

Fermi (NASDAQ:FRMI – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.25). As a group, equities research analysts expect that Fermi Inc. will post 0.4 earnings per share for the current year.

Insider Buying and Selling at Fermi

In other Fermi news, CFO Miles E. Everson sold 427,004 shares of the 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 $1,955,678.32. Following the transaction, the chief financial officer owned 9,969,791 shares in the company, valued at approximately $45,661,642.78. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Griffin Perry sold 9,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $5.02, for a total value of $45,180,000.00. Following the completion of the sale, the insider directly owned 62,946,450 shares of the company’s stock, valued at $315,991,179. This trade represents a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,593,748 shares of company stock worth $68,803,933 in the last quarter.

Institutional Trading of Fermi

A number of hedge funds and other institutional investors have recently bought and sold shares of FRMI. Empire Life Investments Inc. acquired a new position in shares of Fermi during the fourth quarter valued at about $5,611,000. Sovereign s Capital Management LLC bought a new stake in shares of Fermi during the fourth quarter worth about $2,208,000. SIR Capital Management L.P. acquired a new stake in shares of Fermi in the 4th quarter worth about $2,255,000. Hel Ved Capital Management Ltd acquired a new stake in shares of Fermi in the 4th quarter worth about $2,182,000. Finally, MIdWestOne Financial Group Inc. bought a new position in Fermi in the 4th quarter valued at about $4,364,000.

About Fermi

(Get Free Report)

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.