Investment analyst flags $FRMI as severely undervalued AI infrastructure play following 83% stock decline.

Key assets cited: 17 gigawatt permitted campus, only active large-reactor Nuclear Regulatory Commission license granted in 15+ years, and $1.8 billion in committed capital—all compressed into roughly $3.6 billion enterprise value.

Analyst sets $32 price target, implying 5x upside from current levels. Comparison drawn to $IREN for investors tracking AI infrastructure buildouts tied to power generation capacity.