Fermi Sees Unusually Large Options Volume (NASDAQ:FRMI)

Fermi Inc. (NASDAQ:FRMI) saw some unusual options trading on Thursday. Traders acquired 19,659 call options on the stock. This is an increase of 58% compared to the typical volume of 12,448 call options.

Fermi News Summary

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Large $500M financing facility announced to accelerate power buildout (non‑recourse turbine “warehouse” with MUFG to buy Siemens turbines and repay prior debt), which investors viewed as de‑risking the company’s buildout and helped push the stock higher. Read More.
• Positive Sentiment: Market reports that Fermi raised ~$500M in fresh funding, which previously drove a strong intraday rally (reported as an ~8% jump). Read More.
• Positive Sentiment: Unusual options activity: traders bought a large block of call options (≈19,659 calls, ~58% above typical daily call volume), signaling short‑term bullish/speculative interest.
• Neutral Sentiment: Short‑interest reports in the data feed show zeros/NaN and a 0.0 days‑to‑cover figure — likely a reporting anomaly rather than actionable evidence of short pressure.
• Neutral Sentiment: Several media/analysis pieces are reappraising Fermi after recent swings; these provide background for investors but are not company disclosures. Read More.
• Negative Sentiment: Multiple securities‑law firms have filed or issued notices about class actions alleging Fermi misrepresented demand for “Project Matador” and the stability of a key anchor tenant; lead‑plaintiff deadlines (March 6, 2026) are being publicized broadly — this raises material litigation risk and potential future liabilities. Read More.
• Negative Sentiment: Coverage highlights a prior ~33% intraday/near‑term stock collapse after customer agreement issues were revealed, underscoring how rapidly sentiment can reverse on new disclosures — a key downside risk for holders. Read More.

Analyst Ratings Changes

Several equities analysts recently commented on FRMI shares. Citizens Jmp began coverage on shares of Fermi in a research note on Monday. They set a “market outperform” rating and a $30.00 target price for the company. Citigroup initiated coverage on shares of Fermi in a research note on Monday. They issued an “outperform” rating for the company. Stifel Nicolaus initiated coverage on Fermi in a research report on Monday, October 27th. They set a “buy” rating and a $29.00 target price on the stock. Rothschild & Co Redburn set a $31.00 price target on Fermi in a report on Monday, October 27th. Finally, Weiss Ratings assumed coverage on Fermi in a research report on Wednesday, December 24th. They issued a “sell (e+)” rating for the company. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fermi presently has an average rating of “Buy” and an average target price of $31.44.

Fermi Price Performance

NASDAQ:FRMI opened at $9.26 on Friday. The firm has a market capitalization of $5.69 billion and a price-to-earnings ratio of -11.02. Fermi has a 12-month low of $7.18 and a 12-month high of $36.99. The business has a 50-day simple moving average of $9.59.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Leonteq Securities AG bought a new stake in Fermi during the 4th quarter worth about $30,000. PNC Financial Services Group Inc. bought a new stake in shares of Fermi during the fourth quarter valued at approximately $36,000. Aspect Partners LLC bought a new stake in shares of Fermi during the fourth quarter valued at approximately $38,000. SBI Securities Co. Ltd. acquired a new stake in shares of Fermi in the fourth quarter valued at approximately $41,000. Finally, Prime Capital Investment Advisors LLC bought a new position in Fermi in the 4th quarter worth approximately $84,000.

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.