Fermi Inc. shares fluctuated after Wall Street analysts unanimously awarded Buy ratings for the stock, countering skepticism over whether the Texas-based power developer can make good on its ambitions to become a hub fueling America’s artificial intelligence boom.
Eight analysts launched coverage Monday, almost a month after it raised $784.9 million in a US IPO, with an average 12-month price target of $31.63 per share. The bullish view on the unprofitable real estate investment trust is driven by analysts’ forecasts that the firm can leverage its land lease from Texas Tech University and produce large amounts of power to meet ...
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