Fermi Inc. (FRMI)

NASDAQ: FRMI · Real-Time Price · USD
8.25
-0.63 (-7.09%)
At close: Dec 23, 2025, 1:00 PM EST
8.29
+0.04 (0.48%)
Pre-market: Dec 24, 2025, 5:24 AM EST
-7.09%
Market Cap5.07B
Revenue (ttm)n/a
Net Income (ttm)n/a
Shares Out 614.03M
EPS (ttm)n/a
PE Ration/a
Forward PE42.05
Dividendn/a
Ex-Dividend Daten/a
Volume4,501,249
Open8.69
Previous Close8.88
Day's Range8.24 - 8.75
52-Week Range8.02 - 36.99
Betan/a
AnalystsStrong Buy
Price Target30.86 (+274.06%)
Earnings DateJan 28, 2026

About FRMI

Fermi America (Nasdaq: FRMI) is pioneering the development of next-generation electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry, and Co-founder and former Co-Managing Partner of Quantum Energy, Toby Neugebauer, Fermi America combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, next-gen private grid. The behind-the-meter campus is expect... [Read more]

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 274.06% from the latest price.

Price Target
$30.86
(274.06% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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 ...

19 hours 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
1 day ago - Seeking Alpha

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

SAN FRANCISCO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- 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 prospecti...

5 days ago - GlobeNewsWire

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
6 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.

6 days ago - GlobeNewsWire

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

LOS ANGELES, Dec. 17, 2025 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Fermi Inc. (“Ferm...

6 days ago - GlobeNewsWire

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

LOS ANGELES , Dec. 16, 2025 /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...

7 days ago - PRNewsWire

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...

8 days 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...

8 days 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.

11 days 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.

11 days 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...

11 days 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.

11 days 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...

11 days 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.

11 days 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), ...

18 days 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...

22 days 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 ...

4 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
4 weeks ago - Benzinga

Fermi: With Great Potential Comes Great Risk

Fermi Inc. is a speculative early-stage REIT aiming to deliver over 11 GW of low-carbon power for AI data centers by 2038. FRMI's Project Matador involves massive capital outlays and execution risks, ...

6 weeks ago - Seeking Alpha

Trump-linked Fermi is having trouble signing its first data-center power tenant

Fermi, which is organized as a real-estate investment trust, is worrying investors with the delay in closing the deal with its first tenant.

6 weeks ago - Market Watch

REIT Replay: REIT Indexes Outperform Broader Markets During 1st Week Of November

Indexes tracking real estate investment trust stocks outperformed the broader stock market indexes during the first week of November. The Dow Jones Equity All REIT closed the recent week up 1.40%, whi...

6 weeks ago - Seeking Alpha

Fermi America™ Posts Third Quarter 2025 Shareholder Letter

AMARILLO, Texas, Nov. 10, 2025 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (Nasdaq & LSE: FRMI), which is powering tomorrow's AI to ensure America wins the intelligence race, has today published ...

6 weeks ago - PRNewsWire

Fermi America™ Announces Execution of an Advance in Aid of Construction Agreement for $150 Million with its First Prospective Client

AMARILLO, Texas , Nov. 6, 2025 /PRNewswire/ -- Fermi America (Nasdaq: FRMI) today announced the execution of an Advance in Aid of Construction Agreement (AIAC) for $150 million with its first prospect...

6 weeks ago - PRNewsWire

Fermi, Inc. to Host Inaugural Earnings Call and Q&A on Veterans Day, November 11th, 2025

AMARILLO, Texas , Nov. 5, 2025 /PRNewswire/ -- (Nasdaq:  FRMI  ) In honor of those who served, Fermi, Inc., DBA Fermi America™, who is powering tomorrow's AI to ensure America wins the intelligence ra...

6 weeks ago - PRNewsWire