Stock Traders Purchase Large Volume of Call Options on Fermi (NASDAQ:FRMI)

Fermi Inc. (NASDAQ:FRMI) saw some unusual options trading activity on Wednesday. Traders purchased 11,491 call options on the company. This represents an increase of 34% compared to the typical volume of 8,602 call options.

Fermi Stock Performance

NASDAQ FRMI opened at $8.83 on Friday. Fermi has a fifty-two week low of $7.28 and a fifty-two week high of $36.99. The business has a fifty day moving average of $14.65. The firm has a market capitalization of $5.42 billion and a PE ratio of -10.51.

Fermi (NASDAQ:FRMI) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.84) EPS for the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FRMI shares. Berenberg Bank started coverage on Fermi in a report on Monday, October 27th. They issued a “buy” rating and a $37.00 price target on the stock. UBS Group began coverage on Fermi in a report on Monday, October 27th. They issued a “buy” rating and a $30.00 target price on the stock. Rothschild & Co Redburn assumed coverage on Fermi in a research report on Monday, October 27th. They issued a “buy” rating and a $31.00 price target for the company. Redburn Partners set a $31.00 price target on Fermi in a research note on Monday, October 27th. Finally, Macquarie reissued an “outperform” rating and issued a $35.00 price objective on shares of Fermi in a research note on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.56.

Trending Headlines about Fermi

Here are the key news stories impacting Fermi this week:

• Neutral Sentiment: Unusual options activity — elevated call buying was reported (11,491 call contracts, ~34% above average), which can signal speculative bets on a rebound or increased hedging amid volatility.
• Neutral Sentiment: Market/analysis coverage assessing the company after the sharp 30‑day drop — coverage summarizes the stock’s recent decline and rising investor scrutiny, useful for context on sentiment and liquidity. Assessing Fermi After Sharp 30-Day Share Price Drop
• Negative Sentiment: Cancellation of $150M customer agreement — Fermi announced the termination of a prospective anchor-tenant agreement that would have funded Project Matador construction, a development the market viewed as material; that disclosure triggered a >30% stock selloff and is the proximate cause of current downward pressure. FRMI Announces Cancellation of $150M Customer Agreement
• Negative Sentiment: Multiple securities class-action filings and solicitation notices — several plaintiff firms have filed or announced investigations alleging misleading IPO and disclosure materials; dozens of notices urge affected investors to contact counsel and seek lead-plaintiff status. This increases legal, reputational and potential financial risk for Fermi. Representative filings/alerts include Bronstein, Hagens Berman, Bleichmar Fonti & Auld, Robbins LLP, Glancy Prongay & Murray, Berger Montague, Faruqi & Faruqi, and others. Bronstein, Gewirtz & Grossman Class Action Notice Hagens Berman Notice
• Negative Sentiment: Investor deadlines and consolidation of claims — multiple firms are publicizing March lead-plaintiff deadlines (commonly March 6, 2026, or similar), increasing likelihood of consolidated litigation and potential settlement exposure; numerous law-firm notices amplify selling pressure. Example notices: BFA, Glancy, Robbins Geller, Portnoy Law Firm. BFA Law Case Notice Portnoy Law Firm Notice

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.