Fermi Inc. (FRMI)
| Market Cap | 4.10B |
| Revenue (ttm) | n/a |
| Net Income | -718.38M |
| EPS | -1.18 |
| Shares Out | 629.84M |
| PE Ratio | n/a |
| Forward PE | 131.78 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 17,519,543 |
| Open | 6.66 |
| Previous Close | 7.37 |
| Day's Range | 6.43 - 7.21 |
| 52-Week Range | 4.47 - 36.99 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 24.44 (+275.42%) |
| Earnings Date | May 14, 2026 |
About FRMI
Fermi Inc. engages in the development of private power campus for AI-centric customers in the United States. The company also develops, owns, and leases grid-independent energy generation and high-performance computing campuses; develops and operates integrated power generation and computing infrastructure. It also engages in acquisition of land, permitting, construction, and long-term leases. The company was founded in 2025 and is headquartered in Amarillo, Texas.
Financial Performance
Financial StatementsAnalyst Summary
According to 9 analysts, the average rating for FRMI stock is "Strong Buy." The 12-month stock price target is $24.44, which is an increase of 275.42% from the latest price.
News
Fermi downgraded to In Line from Outperform at Evercore ISI
Evercore ISI analyst Nicholas Amicucci downgraded Fermi (FRMI) to In Line from Outperform with a price target of $11, down from $20. The analyst says the downgrade is “not a…
Fermi Board Amends Bylaws to Protect Interests of Shareholders
DALLAS, May 14, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced that its Board of Directors (the "Board") has approv...
Fermi Earnings Call Transcript: Q1 2026
Leadership overhaul and Fermi 2.0 strategy aim to institutionalize governance and accelerate Project Matador. Q1 saw a $189M net loss, $441M in CapEx, and $243M cash on hand, with strong equipment financing secured. Focus remains on binding tenant agreements and disciplined capital deployment.
Fermi reports Q1 EPS (30c), consensus (5c)
“Fermi (FRMI) America is at a meaningful inflection point in its development,” said Marius Haas, Chairman. “Fermi 2.0 is about pairing the tangible asset base we’ve already constructed with the…
Fermi Inc. Outlines Fermi 2.0 Strategic Evolution and Reports First Quarter 2026 Financial Results
Secures over 2 GW of power generation; advances ~11 GW of permitted capacity; closes ~$785 million in new equipment financing; strengthens governance; and accelerates commercial engagement DALLAS, May...
Toby Neugebauer and His Family Believe Generosity is the Solution to Meet 5/50 REIT Compliance, Should Company Choose to Unnecessarily Elect REIT Status for 2025 and/or 2026
DALLAS, May 12, 2026 /PRNewswire/ -- Toby Neugebauer, Co-Founder and largest shareholder of Fermi Inc. (d/b/a Fermi America) (Nasdaq: FRMI) ("Fermi" or the "Company"), today responded to the Company t...
Fermi Board Announces Actions to Confirm No Special Meeting of Shareholders Has Been Called
Former CEO Toby Neugebauer is Attempting to Fill the Board with His Acolytes to Force a Sale of the Company at a Depressed Valuation – Fermi's Stock Declined More than 80% During Neugebauer's Tenure ...
Caddis Capital backs Fermi’s board, management, long-term strategic plan
Caddis Capital, the second-largest shareholder in Fermi (FRMI) and owner of roughly 9.3% of the company’s outstanding shares, issued the following statement reaffirming the firm’s support for Fermi’s ...
Caddis Capital Fully Backs Fermi's Board, Management, and Long-Term Strategic Plan
DALLAS--(BUSINESS WIRE)--Caddis Capital, LLC (“Caddis Capital,” the “firm,” “our,” or “we”) is the second-largest shareholder in Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI) (LSE: FRMI), ownin...
Fermi America™ Announces First Quarter 2026 Earnings Release and Call Date
DALLAS, May 8, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), announced today that it plans to release first ...
Mixed options sentiment in Fermi Inc. Common Stock with shares down 5.58%
Mixed options sentiment in Fermi Inc. Common Stock (FRMI), with shares down 31c near $5.25. Options volume relatively light with 6331 contracts traded and calls leading puts for a put/call…
Fermi Responds to Former CEO's Attempts to Take Control of Board and Reverse Board Actions Taken in Accordance with Their Fiduciary Duties to Remove Him as CEO and Terminate Him for Cause
Fermi Rejects Mr. Neugebauer's Self-Interested Attempt to Call Special Shareholder Meeting as Invalid and Urges Shareholders Not to Respond to His Consent Solicitation Company Has Received Significant...
Fermi Appoints Larry Kellerman to Board of Directors
DALLAS, May 5, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ: FRMI) (LSE: FRMI), a pioneering developer of next-generation private electric grids for artificial intelligence, today ann...
Fermi Stock Slides as Ex-CEO Calls a Special Meeting. Will Shareholders Vote to Sell?
Recently ousted CEO Toby Neugebauer is calling for a shareholder vote at Fermi, though its unclear if the meeting will take place.
Toby Neugebauer Calls a Special Meeting to Unlock Maximum Value for Fermi Shareholders
Special Meeting Will Provide Shareholders First Opportunity Since IPO to Vote on Future of Fermi Fermi Has Thus Far Not Run a Comprehensive and Credible Strategic Process to Reach the Full Range of Po...
Fermi downgraded to Neutral from Buy at UBS
UBS downgraded Fermi (FRMI) to Neutral from Buy with a price target of $6, down from $8. The firm cites the company’s management transition and a lack of clarity around…
Neugebauer nominates Kellerman to Fermi’s board of directors
Toby Neugebauer, co-founder and largest shareholder of Fermi (FRMI) America, announced that he has nominated Larry Kellerman to join the Fermi Board of Directors. Kellerman, who serves as Chief Power…
Larry Kellerman, Fermi's Chief Power Officer and Architect of Its 17 GW Energy Infrastructure, Accepts Board Nomination
DALLAS, May 1, 2026 /PRNewswire/ -- Toby Neugebauer, co-founder and largest shareholder of Fermi America (NASDAQ & LSE: FRMI), today announced that he has nominated Larry Kellerman to join the Fermi B...
Fermi Inc. Common Stock call volume above normal and directionally bullish
Bullish option flow detected in Fermi (FRMI) Inc. Common Stock with 13,841 calls trading, 1.1x expected, and implied vol increasing almost 6 points to 125.43%. 5/8 weekly 6 calls and…
Fermi appoints Rob Masson as interim CFO
Fermi (FRMI) announced the appointment of Rob Masson as interim CFO. Masson brings over two decades of experience in financial leadership and capital strategy, having served as CFO at a…
Fermi Inc. Appoints Rob L. Masson II as Interim Chief Financial Officer
Masson Brings Significant Public Company CFO and Board Director Experience to Drive Fermi's Continued Evolution and Scalability DALLAS, April 30, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) ...
Mixed options sentiment in Fermi Inc. Common Stock with shares down 5.48%
Mixed options sentiment in Fermi Inc. Common Stock (FRMI), with shares down 29c near $5.00. Options volume relatively light with 7504 contracts traded and calls leading puts for a put/call…
Fermi Inc. Common Stock call volume above normal and directionally bullish
Bullish option flow detected in Fermi (FRMI) Inc. Common Stock with 17,443 calls trading, 1.6x expected, and implied vol increasing over 1 point to 143.78%. Jun-26 7 calls and 4/24…
