Breaking: Fermi Inc. (NASDAQ; FRMI) Gearing for Bullish SpikeFermi Inc. (NASDAQ; NASDAQ:FRMI ) is eyeing a bullish breakout amidst bearish sentiment. The asset is set to break above the 61.8% Fib level to solidify the bullish thesis on $FRMI. The asset spike 7.58% in Tuesday's extended trading session.
With the RSI at 35, NASDAQ:FRMI is eyeing the $25 resistant zone as the asset is not overbought but on a position to capitalize on the dip and deliver a massive ROI.
Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater about 33% after the company revealed that a prospective anchor tenant ("First Tenant") for Fermi's Project Matador (the company's Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction.
The company has billed Matador as a multi-gigawatt energy and data center development campus designed to support the accelerating needs of to-be-built AI infrastructure and "a first-of-its-kind energy campus to be built to power the AI revolution."
Fermi's announcement comes after it raised nearly $784 million in gross proceeds through the issuance of over 37 million shares at $21/share on October 2, 2025.
The First Tenant cancelation news and severe market reaction have prompted national shareholders rights firm Hagens Berman to open an investigation into whether Fermi may have previously misled investors about the strength of the First Tenant agreement.
Analyst Summary
According to 7 analysts, the average rating for FRMI stock is "Strong Buy." The 12-month stock price target is $30.86, which is an increase of 281.46% from the latest price.
About FRMI
Fermi Inc., doing business as Fermi America, operates as an energy and hyperscaler development company purpose-built for artificial intelligence era. It focuses on Project Matador, an approximately 11-gigawatt behind-the-meter energy generation and powered shell data center campus located in Amarillo, Texas.
