--- title: "Weekly Recap | Fermi -7.87%, most brokers rate it buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/302171253.md" description: "Fermi closed the week at $3.16, down 7.87% against a 1.95% decline for the S&P 500, a relative underperformance of about 5.92 percentage points. The week traced a pop-and fade pattern. Tuesday touched $4.065 intraday and settled at $3.72, with volume jumping to 87.5m shares. Wednesday pulled back to $3.16, Thursday dipped to $3.00, and Friday closed at $3.16. Weekly amplitude was 31.42%, and average daily volume of roughly 39m shares ran 142." datetime: "2026-10-17T07:13:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302171253.md) - [en](https://longbridge.com/en/news/302171253.md) - [zh-HK](https://longbridge.com/zh-HK/news/302171253.md) generator: "portal-rs" --- # Weekly Recap | Fermi -7.87%, most brokers rate it buy ## The Week Fermi closed the week at $3.16, down 7.87% against a 1.95% decline for the S&P 500, a relative underperformance of about 5.92 percentage points. The week traced a pop-and fade pattern. Tuesday touched $4.065 intraday and settled at $3.72, with volume jumping to 87.5m shares. Wednesday pulled back to $3.16, Thursday dipped to $3.00, and Friday closed at $3.16. Weekly amplitude was 31.42%, and average daily volume of roughly 39m shares ran 142.65% above the 60-day median, pointing to unusually heavy turnover. ## Key Events The week’s main thread was an AMD credit support agreement. On Tuesday, Fermi signed the deal and announced a partnership with AMD, and shares rose nearly 10% intraday. On Wednesday, Fermi posted a $6.5B, 15-year TensorWave lease for 222 MW at Project Matador. The same day, an analyst reiterated a hold rating, noting that the AMD deal improves the financing narrative but kept the price target unchanged at $11. Shares then reversed; Thursday’s midday update showed Fermi down 14.38%, with AMD’s credit boost failing to mask financing concerns. On Friday, 10% owner Toby R. Neugebauer reported a $14.36m disposal of common shares. Also on Friday, Fermi amended its MUFG financing agreement to remove a 400 MW lease covenant. On Monday evening, the company set its Q3 2026 earnings date for 12 November before the open. ## Analyst Ratings Eight brokers cover Fermi: five rate it buy, one overweight, two hold, and none rate it under or sell. The consensus rating is buy, with a consensus target of $16.625, about 426.11% above the $3.16 spot price. The target range is $6 to $35, showing wide dispersion. Within real-estate investment trusts (REITs), Fermi ranks 91st out of 149 names by coverage count; the industry median is 11 brokers, so coverage is thinner than the peer midpoint. ## The Week Ahead Wednesday brings EIA weekly crude oil and Cushing inventory data, with prior readings at a draw of 8.557m barrels and a build of 1.862m barrels respectively. On the macro front, Fermi reports Q3 fiscal 2026 results before the open on Thursday 12 November, with consensus at a $0.076 loss per share and $5.99m in revenue. The amended MUFG facility and AMD partnership progress may also get more detail on the earnings call. ## In Short The week leaves a tension in the tape: a buy consensus rating and a target far above spot, paired with new AMD and TensorWave arrangements that point toward data-centre financing. Yet shares reversed after the initial spike, and the 10% owner’s disposal plus persistent financing concerns show the market pricing execution risk. On valuation, static price-to-book is about 1.96x with a negative P/E, reflecting a pre-profit business. The next test is whether Q3 results provide clearer profitability or cash-flow signals, and whether the lease and debt amendments turn the AMD narrative into actual capital deployment. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [FRMI.US](https://longbridge.com/en/quote/FRMI.US.md) ## Related News & Research - [REG - Fermi Inc. - Amendment to Debt Facility](https://longbridge.com/en/news/302099635.md) - [Fermi posts $6.5B, 15-year TensorWave lease for 222 MW at Project Matador](https://longbridge.com/en/news/301839584.md) - [Why a former Intel skeptic is giving up his negative call on the stock after four years](https://longbridge.com/en/news/302311993.md) - [Why Is SMCI Stock Climbing on Monday?](https://longbridge.com/en/news/302305403.md) - [CoreWeave vs. Nebius: What's Next After a 25% Weekly Sell-Off?](https://longbridge.com/en/news/302272931.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**