Fermi Inc. (FRMI)

NASDAQ: FRMI · Real-Time Price · USD
10.08
-0.29 (-2.80%)
Jan 13, 2026, 10:32 AM EST - Market open
-2.80%
Market Cap6.19B
Revenue (ttm)n/a
Net Income (ttm)n/a
Shares Out 614.03M
EPS (ttm)n/a
PE Ration/a
Forward PE52.85
Dividendn/a
Ex-Dividend Daten/a
Volume1,901,604
Open10.33
Previous Close10.37
Day's Range9.95 - 10.33
52-Week Range7.28 - 36.99
Betan/a
AnalystsStrong Buy
Price Target30.86 (+206.15%)
Earnings DateJan 28, 2026

About FRMI

Fermi Inc., doing business as Fermi America, operates as an energy and hyperscaler development company purpose-built for artificial intelligence era. It focuses on Project Matador, an approximately 11-gigawatt behind-the-meter energy generation and powered shell data center campus located in Amarillo, Texas. Its Project Matador provides hyperscale customers with approximately 15 million square feet of data center space powered by a combination of on-site solar, gas, and nuclear power infrastructure. Fermi Inc. was incorporated in 2025 and is ba... [Read more]

Industry Regulated Electric
Sector Utilities
IPO Date Oct 1, 2025
Country United States
Stock Exchange NASDAQ
Ticker Symbol FRMI
Full Company Profile

Analyst Summary

According to 7 analysts, the average rating for FRMI stock is "Strong Buy." The 12-month stock price target is $30.86, which is an increase of 206.15% from the latest price.

Price Target
$30.86
(206.15% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

U.S. Equity REITs Trade At Median 15% Discount To Analyst Price Targets

All 123 publicly traded US equity real estate investment trusts analyzed by S&P Global Market Intelligence traded below their respective consensus price target estimates. The specialty sector, which i...

Other symbols: AMTCCIDLREQIXHPPIRMMPW
3 days ago - Seeking Alpha

FRMI INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fermi

Faruqi & Faruqi, LLP Securities Litigation Partner  James (Josh) Wilson Encourages Investors Who Suffered Losses In Fermi To Contact Him Directly To Discuss Their Options

4 days ago - GlobeNewsWire

INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fermi

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses in Fermi to Contact Him Directly to Discuss Their Options If you purchased or otherwise ...

5 days ago - Newsfile Corp

Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI

LOS ANGELES, Jan. 5, 2026 /PRNewswire/ -- The DJS Law Group announces that it is investigating claims on behalf of investors of Fermi Inc. ("Fermi" or "the Company") (NASDAQ: FRMI) for violations of t...

7 days ago - PRNewsWire

FRMI Investors Have Opportunity to Join Fermi Inc. Fraud Investigation with the Schall Law Firm

LOS ANGELES, Jan. 5, 2026 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Fermi Inc. ("Fermi" or...

7 days ago - PRNewsWire

Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating

FRMI Investors with Losses Encouraged to Contact the Firm SAN FRANCISCO, Dec. 30, 2025 /PRNewswire/ -- On December 12, 2025, investors in Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater...

14 days ago - PRNewsWire

REIT Replay: REIT Indexes Grow Alongside Broader Market During Week Of Christmas

Indexes for US equity real estate investment trusts increased during the week of Christmas. The Dow Jones Equity All REIT index climbed 1.14% over the recent week, roughly in line with the 1.40% gain ...

Other symbols: COLDDHCIRTSVC
14 days ago - Seeking Alpha

2 Big Energy IPOs Flopped This Year. It Doesn't Bode Well for 2026.

There were two major energy-related initial public offerings in 2025, and both have been busts.

Other symbols: VG
17 days ago - Barrons

Top 3 Real Estate Stocks That Are Preparing To Pump This Quarter

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Other symbols: DOCKRC
20 days ago - Benzinga

Hagens Berman Investigating Fermi Inc. (FRMI) as Shares Tank 33% Amid First Tenant Contract Termination

SAN FRANCISCO--(BUSINESS WIRE)--On December 12, 2025, investors in Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater about 33% after the company revealed that a prospective anchor tenant ...

21 days ago - Business Wire

REIT Replay: U.S. REIT Indexes Fall During Week Ended Dec. 19

Indexes for US real estate investment trusts fell during the week ended Dec. 19. The Dow Jones Equity All REIT index dropped 1.18% over the recent week, while the MSCI US REIT index also fell 0.84%. T...

Other symbols: CHCTDHCHPPPSTLSITC
21 days ago - Seeking Alpha

Amazon is prospective tenant that withdrew funding from Fermi's project, Insider reports

Amazon is the prospective tenant that withdrew funding from REIT Fermi's massive data-center project, Business Insider reported on Wednesday, citing the data center's CEO Toby Neugebauer.

Other symbols: AMZN
26 days ago - Reuters

Fermi Inc. Investors Who Have Lost Money Should Contact Block & Leviton to Find Out How They Might Recover Money Through The Firm's Investigation

Shares of Fermi fell over 30% on December 12, dropping below their IPO price of $21 per share. Investors who lost money should contact Block & Leviton LLP.

26 days ago - GlobeNewsWire

Scott+Scott Attorneys at Law LLP Alerts Investors of Its Investigation Into Fermi Inc. (NASDAQ: FRMI)

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a shareholder and consumer rights litigation firm, is investigating whether Fermi Inc. (“Fermi” or the “Co...

4 weeks ago - GlobeNewsWire

Fermi: The Problems Of Raising Capital Amidst Hype

Fermi remains substantially overvalued, even after a steep price drop following the loss of a major tenant. FRMI's structural flaws—massive dilution and inflated market cap vs. capital raised—make val...

4 weeks ago - Seeking Alpha

Fermi's 'Tenant Exit' Triggers 40% Stock Slide — But The Street Still Sees A 3x Jump From Here

A $150 million funding agreement evaporated overnight — and so did half of Fermi Inc's (NASDAQ: FRMI) market cap. The stock was down 40% pre-market on Friday.

4 weeks ago - Benzinga

Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – FRMI

LOS ANGELES--(BUSINESS WIRE)--Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – FRMI.

4 weeks ago - Business Wire

Fermi stock crashes 40% as $150M funding deal collapses

Shares of Fermi plunged 40% on Friday after the data-center real estate investment company disclosed that a prospective anchor tenant had terminated a funding agreement tied to its marquee Texas proje...

4 weeks ago - Invezz

Fermi's first tenant of massive Trump-named power project backs out of funding deal

Fermi, co-founded by a former secretary of energy, Rick Perry, said its first potential tenant of Project Matador has backed out of an agreement to provide $150 million in advance funding.

4 weeks ago - Market Watch

Data center REIT Fermi tumbles 40% after potential customer backs out of funding deal

Shares of Fermi plunged 40% on Friday after the data center real estate investment company said a prospective tenant had terminated a deal to help fund construction at its Texas site, dealing a setbac...

4 weeks ago - Reuters

Fermi Stock Craters 41% as AI-Energy Company Loses Funding Commitment From First Major Tenant

The nascent AI infrastructure company says a potential tenant cancelled a $150 million agreement.

4 weeks ago - Barrons

Fermi America Executes Electric Service Agreement with Southwestern Public Service Company, a Subsidiary of Xcel Energy, Securing Up to 200 MW of Power

AMARILLO, Texas, Dec. 5, 2025 /PRNewswire/ -- Fermi America™ (Nasdaq & LSE: FRMI) today announced a signed, definitive Electric Service Agreement (ESA) with Southwestern Public Service Company (SPS), ...

5 weeks ago - PRNewsWire

Fermi America and MVM EGI Announce Water-Saving Hybrid Cooling Agreement for World's Largest Private Energy Grid, Delivering on Promises Made to Protect West Texas Water Resources

Agreement initiates the design and development of hybrid dry–wet cooling towers, leveraging an existing, proven design platform to prioritize air-based cooling and dramatically reduce water use compar...

6 weeks ago - PRNewsWire

In Response to Inquiries from London Press, Fermi America™ Confirms Company in Discussions for $4+ Billion in Project Financing for First Tenant

AMARILLO, Texas , Nov. 25, 2025 /PRNewswire/ -- In response to inquiries from London press, Fermi America™, (Nasdaq: FRMI) (LSE: FRMI) today confirmed the company is in discussions for $4+ billion in ...

7 weeks ago - PRNewsWire

Top 3 Real Estate Stocks That Could Blast Off In November

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Other symbols: RITRVICI
7 weeks ago - Benzinga