Citizens Starts Coverage on Fermi, Assigns $30 Target as Shares Trade Near Yearly Low
Citizens has begun coverage of Fermi (NASDAQ: FRMI), issuing a Market Outperform rating and a $30.00 price target while the stock trades around $8.00 and close to its 52-week low. The brokerage cites the potential impact of a single contract signing in early 2026 and models significant upside if Fermi develops and leases 11GW at market rates. The c…