Fermi (NASDAQ:FRMI) Hits New 1-Year Low – Here’s Why

Posted by on Oct 16th, 2026

Fermi Inc. (NASDAQ:FRMI – Get Free Report)’s share price reached a new 52-week low on Wednesday. The stock traded as low as $3.12 and last traded at $3.1150, with a volume of 19,075,338 shares. The stock had previously closed at $3.72.

Key Fermi News

Here are the key news stories impacting Fermi this week:

  • Positive Sentiment: AMD support strengthens Project Matador. AMD agreed to provide credit support for Fermi’s 222-megawatt power lease at the Project Matador campus in Amarillo, Texas. The arrangement could improve Fermi’s ability to finance construction and adds credibility to demand for its AI data-center infrastructure. Fermi and AMD sign credit support deal for Project Matador
  • Positive Sentiment: AI-cloud leasing remains a growth catalyst. Fermi provided additional details about a major lease with an AI cloud provider, offering potential visibility into future data-center revenue as demand for computing capacity expands. Fermi details major AI cloud lease agreement
  • Neutral Sentiment: Project Matador financing terms were amended. Two indirect wholly owned subsidiaries amended financing terms connected with Project Matador. The announcement may affect Fermi’s liquidity and funding flexibility, but the provided details do not establish whether the changes are favorable or unfavorable. Fermi amends Project Matador financing terms
  • Negative Sentiment: Cantor Fitzgerald lowered its price target. Cantor cut its target for Fermi from $12 to $8 while maintaining an “overweight” rating. The continued bullish rating is supportive, but the 33% target reduction signals increased caution about valuation, execution or financing risks.
  • Negative Sentiment: Major shareholder sales add pressure. Toby Neugebauer sold 2.75 million shares for approximately $10.3 million on October 13 and another 1.30 million shares for about $4.1 million on October 14. The sales reduced his holdings by roughly 2.9% in each transaction and may raise concerns about insider confidence, although he retains a substantial position. Fermi major shareholder insider selling

Wall Street Analysts Forecast Growth

FRMI has been the subject of a number of analyst reports. Cantor Fitzgerald cut their price target on Fermi from $12.00 to $8.00 and set an “overweight” rating for the company in a report on Friday. Stifel Nicolaus decreased their price objective on Fermi from $29.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Weiss Ratings lowered Fermi from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. Finally, Mizuho dropped their price objective 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 assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.67.

View Our Latest Stock Analysis on FRMI

Fermi Stock Up 7.3%

The firm has a market cap of $2.17 billion and a price-to-earnings ratio of -2.87. The firm has a fifty day moving average price of $5.02 and a 200-day moving average price of $5.97.

Fermi (NASDAQ:FRMI – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. During the same period last year, the business earned ($0.02) earnings per share. Equities research analysts anticipate that Fermi Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fermi news, major shareholder Toby R. Neugebauer sold 1,297,200 shares of Fermi stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $3.15, for a total value of $4,086,180.00. Following the completion of the sale, the insider owned 43,359,176 shares in the company, valued at $136,581,404.40. The trade was a 2.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FRMI. Integrated Wealth Concepts LLC acquired a new stake in shares of Fermi in the second quarter worth approximately $41,000. Farther Finance Advisors LLC raised its stake in Fermi by 139.1% during 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 during the period. NewEdge Advisors LLC acquired a new position in shares of Fermi in the 1st quarter valued at $54,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Fermi in the 1st quarter valued at $73,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Fermi during the 1st quarter valued at $91,000.

About Fermi

(Get Free Report)

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.

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