Fermi Inc. (FRMI)
| Market Cap | 4.06B |
| Revenue (ttm) | n/a |
| Net Income | -718.38M |
| EPS | -1.18 |
| Shares Out | 637.57M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 57,216,729 |
| Open | 6.15 |
| Previous Close | 7.32 |
| Day's Range | 5.88 - 6.48 |
| 52-Week Range | 4.47 - 36.99 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 19.00 (+198.04%) |
| Earnings Date | Jul 28, 2026 |
About FRMI
Fermi Inc. develops next-gen private electric grids that deliver highly redundant power at gigawatt scale to support next-gen intelligence and AI computing. Fermi Inc combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 gigawatts of experience, to create the world's largest, up to 17 gigawatts next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas... [Read more]
Financial Performance
Financial StatementsAnalyst Summary
According to 8 analysts, the average rating for FRMI stock is "Buy." The 12-month stock price target is $19.0, which is an increase of 198.04% from the latest price.
News
Fermi Inc. (FRMI) Stock Falls on a $350M Convertible Notes Offering
Fermi Inc. stock dropped on Friday after the company announced that it is selling $350 million in convertible senior notes due 2031.
Fermi prices upsized offering of $375M in convertible senior notes
Fermi (FRMI), operating as Fermi America, announced the upsized pricing of 5.00% convertible senior notes due 2031 in an aggregate principal amount of $375 million to persons reasonably believed to…
Fermi Inc. Prices Upsized Offering of $375 Million of Convertible Senior Notes - Dilution Offset Until $14.64 per Share
DALLAS, TX / ACCESS Newswire / July 9, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company") today announced the upsized pricing of 5.00% convertible senior...
Fermi announces $350M convertible senior notes offering
Fermi (FRMI) announced its intention to offer, subject to market conditions and other factors, $350M aggregate principal amount of convertible senior notes due 2031 to persons reasonably believed to b...
Fermi Inc. Announces Proposed Offering of $350 Million of Convertible Senior Notes with Capped Call Anti-Dilution Protection
DALLAS, TX / ACCESS Newswire / July 9, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company") today announced its intention to offer, subject to market condi...
Fermi issues statement after former CEO suspends proxy campaign
Fermi (FRMI) issued the following statement after former CEO Toby Neugebauer suspended his proxy campaign to call a Special Meeting: “Neugebauer’s failed proxy campaign is over, and there will be…
Fermi Shareholders Send Clear Message They Do Not Support Former CEO's Special Meeting Proposal: Company Presses Ahead Executing Strategic Plan Without Distraction
Leading Proxy Advisory Firm ISS Recommended Shareholders Do Not Deliver Consent One Day Prior to Former CEO Suspending Campaign Fermi's Top Strategic Priorities to Drive Shareholder Value are On Track...
Fermi CEO Neugebauer suspends proxy campaign after judge's recusal
Toby Neugebauer, the co-founder and largest shareholder of energy and data center development company Fermi , said on Friday he has suspended his proxy campaign to call a special meeting after a Tex...
Neugebauer Suspends Current Proxy Campaign While Leading with About 70% of Votes Recorded, Following Judge's Inexplicable Last-minute Recusal That Throws off Timeline for Strategic Process; Reaffirms Confidence in Fermi's Future
More than 70% of votes cast to date have been in favor of calling a special meeting, underscoring shareholders' demand for a special meeting to determine Fermi's future After Fermi's top two law firms...
Neugebauer Asks: What Is the Fermi Board Afraid to Say Under Oath? As Company Dismisses Litigation Prior to Discovery
Just days after the Texas Business Court ordered Fermi to produce documents and testimony explaining the rationale for its 70% supermajority bylaw, the Company filed a notice of non-suit dismissing it...
Fermi selects Primoris Services to engineer balance of gas plant in Texas
Fermi (FRMI) announced a major agreement with Primoris (PRIM) Energy Services, part of Primoris (PRMI), to engineer and construct the balance of plant for the first six SGT-800 gas turbines…
Fermi Selects Primoris Services Corporation to Engineer and Construct Balance of Plant for First Six SGT-800 Gas Turbines of Phase One Power Buildout
Landmark agreement supercharges the simple cycle phase of the Siemens 6x1 facility powering the Project Matador campus in Amarillo, Texas, and marks another decisive step in Fermi's 2.0 execution stra...
NEUGEBAUER PROPOSES HISTORIC TOWN HALL WEBINAR WITH FERMI CO-FOUNDERS GOVERNOR RICK PERRY AND SON GRIFFIN PERRY ON JUNE 30--SO SHAREHOLDERS CAN HEAR FIRST-HAND EACH PARTY'S VIEWS ON THE PAST, PRESENT, AND FUTURE OF THE COMPANY
Neugebauer Calls for Leading Analysts, Journalists, and Industry Experts Regularly Covering Fermi Who Know It Best Ask the Tough Questions — So Shareholders Have All the Facts Before Voting DALLAS, Ju...
Fermi Inc. Selects TSK, Spain's Largest EPC Firm, to Deliver Early Works Engineering for Three Siemens SGT6-5000F Turbines
Agreement accelerates engineering and permitting activities for Project Matador's second phase buildout DALLAS, June 25, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi ...
Neugebauer Highly Confident Tenant Will Be Announced Soon
We have so many choices – let's choose the best one Assuming it's the same group Neugebauer told market they were contracting on the earnings call before Toby was terminated, the family likes that ten...
Fermi America Tells Texas Lawmakers Project Matador Will Push the Frontier of AI Compute While Setting a New Standard for Water Stewardship
In testimony before the House Natural Resources Committee, Chief Site Development Officer Charlie Hamilton details an advanced cooling and reuse strategy engineered to use roughly 80 percent less wate...
Fermi price target lowered to $17 from $29 at Stifel
Stifel lowered the firm’s price target on Fermi (FRMI) to $17 from $29 and keeps a Buy rating on the shares. Following months of uncertainty since the IPO, Fermi has…
Fermi Inc. Common Stock put volume heavy and directionally bearish
Bearish flow noted in Fermi (FRMI) Inc. Common Stock with 18,185 puts trading, or 7x expected. Most active are 6/26 weekly 8.5 puts and Dec-26 7.5 calls, with total volume…
Fermi's Former CEO Toby Neugebauer Makes More False Claims and Inaccurate Statements
Mr. Neugebauer's Pattern of Falsehoods Reinforce that He Cannot be Trusted to Oversee Fermi; His Gaining Control of the Company Would Jeopardize Shareholder Value Fermi Urges Shareholders to Return th...
Fermi Proxy statement: Proxy filing
Fermi filed a proxy statement on June 22, 2026, providing details for shareholder voting and corporate governance matters.
Double Eagle says no interest in pursuing Fermi proposal
Double Eagle Energy said that it has been made aware of an open letter published by Toby Neugebauer proposing that John Sellers, a Double Eagle principal, serve as chairman of…
Why Is Data Center Developer Fermi Stock (FRMI) Up 50% in 5 Days?
Shares in data center developer Fermi ($FRMI) have jumped by 49.48% over the past five days. This came amid rumors that startup OpenAI was considering a lease agreement for Project…