Stifel Reiterates Buy Rating on Fermi Inc. with $17 Target
Stifel's analyst Stephen Gengaro maintains a buy rating on Fermi Inc. with a $17 price target, a 93.18% upside from the current price.
Key Points
- Stifel reiterated its buy rating on Fermi Inc. (FRMI) with a $17 price target on June 23, 2026.
- Stifel's $17 price target implies 93.18% upside from Fermi Inc.'s ($FRMI) current $8.80 share price.
- Fermi Inc. shares traded at $7.99 on Friday, with a 52-week range of $4.47 to $36.99 and a forward P/E of 24.1.
- Recent institutional activity includes UBS Group AG increasing its holdings by 6.27 million shares to 8.92 million shares.
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Stifel reiterated its buy rating on Fermi Inc. (NasdaqGS: FRMI) on June 23, 2026. Analyst Stephen Gengaro set a price target of $17, maintaining confidence in the company's future performance. Shares of Fermi Inc. traded at $7.99 on Friday.
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Other Institutional Activity in Fermi Inc.
UBS Group AG grew its holdings by 6.27 million shares, ending with 8.92 million shares worth about $52.08 million, marking a 236.5% increase. Citadel Advisors LLC also increased its stake by 4.99 million shares to reach 6.22 million shares valued at approximately $36.33 million, reflecting a 404.9% rise. Goldman Sachs Group Inc. raised its position significantly by 5.37 million shares to 5.44 million shares, showing an 8243.5% increase. Barclays PLC added 2.96 million shares, bringing its total to 3.03 million shares worth around $17.67 million, a 4250.9% boost. T. Rowe Price Investment Management, Inc. opened a new position with 2.47 million shares valued at about $14.45 million.
Fermi Inc. Stock Up 76.0%
Shares of NasdaqGS:FRMI traded near $7.99 on Friday. Fermi Inc. has a market cap of approximately $5.62 billion and a forward P/E ratio of 24.11. The stock has a 52-week low of $4.47 and a high of $36.99. Its 50-day moving average is $6.36, and the 200-day moving average is $11.67. The company has a current ratio of 1.27 and a quick ratio of 0.86, with a debt-to-equity ratio of 43.37.
$FRMI price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Fermi Inc.
On June 3, 2026, Uzman Mesut, Chief Nuclear Construction Officer, sold 158,541 shares at an average price of $6.31. Earlier, on June 1, 2026, multiple insiders including Marius Haas, Jeffrey Scott Stein, Lawrence Kellerman, Miles Everson, and Cordel Robbin-Coker, each bought shares with no price disclosed.
Analysts Set New Price Targets
On June 23, 2026, Stifel maintained its buy rating on Fermi Inc. with a $17 price target. Previously, on May 15, 2026, Evercore ISI Group downgraded the stock to a hold rating with an $11 target. Macquarie has consistently maintained a buy rating with varying targets, the latest being $20 on April 20, 2026. The consensus among analysts is a buy recommendation with an average target price of $19, based on 8 analyst opinions.
About Fermi Inc.
Fermi Inc., headquartered in Amarillo, Texas, is a real estate investment trust specializing in next-generation private electric grids. These grids deliver highly redundant power at gigawatt scale, supporting advanced AI computing. The company integrates various power sources, including natural gas, nuclear, solar, and battery storage, to ensure reliable energy for hyperscale AI and computing needs. Led by CEO Charles Lynn Hamilton, Fermi Inc. employs 35 people.
Bottom Line
Stifel's reaffirmation of its buy rating highlights continued confidence in Fermi Inc.'s potential. The stock traded at $7.99 on Friday, within a broad 52-week range. Institutional investors have shown interest, with significant increases in holdings by major funds. As always, remember that 13F filings and analyst ratings are backward-looking and may not reflect current positions.
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