Texas Capital Securities Starts Fermi (FRMI) at Buy

Texas Capital Securities analyst Derrick Whitfield initiates coverage on Fermi (NASDAQ: FRMI) with a Buy rating and a price target of $23.00.

The analyst comments "Fermi Inc. is currently developing Project Matador, the world’s largest hybrid energy and data center development campus designed to support the growing needs of AI infrastructure. In our view, Fermi is uniquely positioned to capitalize on the primary constraint facing hyperscalers as they build out data centers to support their AI compute needs. By co-locating with a behind-the-meter (BTM) power provider, hyperscalers can bypass long interconnection queues and achieve five nines of reliability. At its current valuation, the stock is pricing approximately 10% of its projected power capacity, offering investors material potential upside to what appears to be a low-risk play on AI infrastructure."

For an analyst ratings summary and ratings history on Fermi click here. For more ratings news on Fermi click here.

Shares of Fermi closed at $10.13 yesterday.

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