Fermi Inc. (FRMI)
| Market Cap | 2.58B -79.3% |
| Revenue (ttm) | n/a |
| Net Income | -737.90M |
| EPS | -1.25 |
| Shares Out | 640.47M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 12,539,572 |
| Open | 4.140 |
| Previous Close | 4.050 |
| Day's Range | 4.000 - 4.260 |
| 52-Week Range | 3.920 - 36.990 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 17.13 (+325.06%) |
| Est. Earnings | Nov 10, 2026 |
About FRMI
Fermi Inc. develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. The company combines cutting-edge technology with a deep bench of proven world-class multidisciplinary leaders with a combined 25 GW of experience to create one of the world's largest 17 GW next-generation private grids, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's largest combined-cycle natur... [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 $17.13, which is an increase of 325.06% from the latest price.
News
Fermi Proxy statement: Proxy filing
Fermi filed a proxy statement on October 2, 2026, providing details for shareholder voting and corporate governance matters.
Fermi selects NAES to operate natural gas turbine fleet
Fermi (FRMI) announced an operations and maintenance agreement with NAES Corporation, the largest independent operator of power plants in the United States. Under the agreement, NAES will run and main...
Fermi Selects NAES to Operate and Maintain Its Natural Gas Turbine Fleet
Agreement brings a proven power plant operator to Project Matador Adds trained crews and reliability systems ahead of first power DALLAS, TX / ACCESS Newswire / September 28, 2026 / Fermi Inc. (NASDAQ...
Fermi Selects CBRE to Operate and Maintain Its First Data Center
Five-year agreement brings a proven data-center operator to Project Matador Adds trained crews and maintenance programs ahead of first compute DALLAS, TX / ACCESS Newswire / September 24, 2026 / Fermi...
Fermi, TensorWave agree to extend closing date on lease agreement
Fermi (FRMI), operating as Fermi America, announced that its wholly owned subsidiary, Fermi Campus 1, and TensorWave TEX1, have signed an amendment to their Data Center Lease and Services Agreement.
Fermi and TensorWave Agree to Extend Closing Date to October 31, 2026
Amendment demonstrates both parties' commitment to the 222 MW Project Matador lease as guaranty discussions continue DALLAS, TX / ACCESS Newswire / September 22, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FR...
Toby Neugebauer files lawsuit against three Fermi directors
In an amended lawsuit filed in Texas Business Court on September 18, Fermi (FRMI) founder and largest shareholder of Fermi, Toby Neugebauer alleged that three of Fermi’s current directors engaged…
Toby Neugebauer Sues Three Fermi Directors, Alleging a Coordinated Effort to Take Control of Company and Disenfranchise Fermi Shareholders According to the Complaint
DALLAS, Sept. 21, 2026 /PRNewswire/ -- In an amended lawsuit filed in Texas Business Court on Friday, Fermi founder and largest shareholder of Fermi Inc. (Nasdaq: FRMI), Toby Neugebauer alleged that t...
Fermi announces Texas court’s denial of former CEO’s requests against board
Fermi (FRMI) announced that the Business Court of Texas has denied each of three requests for a temporary restraining order sought by the company’s former CEO and his investment vehicle.
Texas Business Court Denies Former CEO's Request for Emergency Relief Against Fermi's Board
Court denies all three of the former CEO's requests for a temporary restraining order, including requests to block the Board's bylaw amendments and the nomination deadline for Fermi's 2026 Annual Meet...
Fermi Founder Parties file proposal for independent strategic review
Toby Neugebauer, with Vicksburg Investments Management LLC and the Melissa Neugebauer 2020 Trust, collectively, the “Fermi (FRMI) Founder Parties”, the largest shareholder of Fermi at approximately 22...
Fermi Founder Parties File Formal Proposal for Independent Strategic Review of Extraordinary Transactions, Press Board on Restoring Texas-Style Governance Ahead of October 30 Annual Meeting
Toby Neugebauer says the Board must act quickly to restore stakeholder confidence. Shares down roughly 20% since Board announced they had met all 90-day objectives on August 13, 35% since the Board re...
Fermi executes 2.6 gigawatt framework agreement with Hillcore
Fermi (FRMI) announced the execution of a framework agreement with Hillcore under which Hillcore will finance, build, own and operate the Hillcore Power Center, an approximately 2.6 GW power complex…
Fermi names Lee McIntire CEO
Fermi (FRMI) named Lee McIntire CEO, effective August 11. McIntire has served as an independent director on Fermi’s board since September 2025. McIntire has more than 40 years of executive…
Fermi reports Q2 EPS (4c), consensus (6c)
“Roughly 90 days ago, we put ourselves on the clock with a clear set of aggressive objectives, and the team delivered on all five,” said Marius Haas, Chairman of the…
Rick Perry's Fermi Finally Finds a Customer for Its Giant Texas AI Power Bet
The startup, which went public in a splashy IPO last year, also named a new CEO following months of legal and C-suite turmoil.
Fermi Earnings Call Transcript: Q2 2026
Delivered on all 90-day objectives, including a $6.5B, 15-year anchor agreement with TensorWave and a strategic alliance doubling power capacity to 4.8 GW. Strengthened liquidity with a $431M convertible note, secured key equipment, and positioned for further customer growth.
Fermi Slides: Q2 2026
Fermi has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 13, 2026.
Fermi Earnings release: Q2 2026
Fermi released its Q2 2026 earnings on August 13, 2026, summarizing the period's financial results.
Fermi Quarterly report: Q2 2026
Fermi has published its Q2 2026 quarterly earnings report on August 13, 2026.
Fermi Stock Rises on Earnings. The Big Stock Move Already Happened This Week.
Fermi posts a net loss of 4 cents a share in the second quarter, wider than a year ago. The stock has risen this week following a big announcement Monday.
Fermi Announces Second Quarter 2026 Results and Delivers on All Five 90-Day Objectives
Company Signed Its First Anchor Customer, Named a CEO, Added a Strategic Alliance and Premier Contractors, Received Three F-Series Turbines and Raised More Than $431 Million of Shareholder-Friendly Ca...
AI nuclear power firm Fermi finally has a new CEO
Fermi, the AI nuclear power firm, has named a new CEO more than three months after firing co-founder Toby Neugebauer from the top executive post.
Fermi Names Lee McIntire as Chief Executive Officer
Engineering executive with more than 40 years of experience building and operating complex global industrial and governmental projects at Bechtel, CH2M Hill, and TerraPower DALLAS, TX / ACCESS Newswir...
Fermi and Hillcore Energy Capital Announce 2.6 Gigawatt Power Strategic Alliance for Project Matador
Doubles Fermi power to market to 4.8 gigawatts (GW) over the next ~30 months Build-Own-Operate-Transfer structure accelerates one of America's largest AI campus power programs - with no capital outlay...