Fermi (NASDAQ:FRMI) Upgraded by Wall Street Zen to Hold Rating

Fermi (NASDAQ:FRMI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Other equities analysts have also recently issued reports about the company. Macquarie Infrastructure reiterated an “outperform” rating and issued a $35.00 price objective on shares of Fermi in a report on Wednesday, November 12th. Citizens Jmp began coverage on Fermi in a report on Monday, February 9th. They set a “market outperform” rating and a $30.00 price objective on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of Fermi in a research report on Wednesday, November 12th. Texas Capital raised Fermi to a “strong-buy” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings began coverage on shares of Fermi in a research report on Wednesday, December 24th. They set a “sell (e+)” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fermi presently has an average rating of “Buy” and a consensus price target of $31.44.

Fermi Trading Down 6.6%

FRMI opened at $8.01 on Friday. The company has a fifty day moving average price of $9.24. Fermi has a 52 week low of $7.18 and a 52 week high of $36.99. The company has a market capitalization of $4.92 billion and a PE ratio of -9.54.

Institutional Trading of Fermi

Several institutional investors have recently added to or reduced their stakes in the business. Leonteq Securities AG bought a new position in shares of Fermi during the fourth quarter valued at about $30,000. PNC Financial Services Group Inc. bought a new stake in shares of Fermi in the 4th quarter valued at about $36,000. Aspect Partners LLC purchased a new stake in Fermi during the 4th quarter valued at about $38,000. SBI Securities Co. Ltd. bought a new position in Fermi during the 4th quarter worth approximately $41,000. Finally, MML Investors Services LLC bought a new position in Fermi during the 4th quarter worth approximately $81,000.

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.