Fermi Inc. (FRMI)
| Market Cap | 3.50B |
| 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 | 3,479,839 |
| Open | 5.41 |
| Previous Close | 5.39 |
| Day's Range | 5.34 - 5.58 |
| 52-Week Range | 4.47 - 36.99 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 17.13 (+213.45%) |
| Earnings Date | Aug 13, 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 213.45% from the latest price.
News
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 $431 Million of Shareholder-Friendly Ca...
AI nuclear power firm Fermi finally has a new CEO
Fermi, the AI nuclear power firm, has named a new CEO more than three months after firing co-founder Toby Neugebauer from the top executive post.
Fermi Names Lee McIntire as Chief Executive Officer
Engineering executive with more than 40 years of experience building and operating complex global industrial and governmental projects at Bechtel, CH2M Hill, and TerraPower DALLAS, TX / ACCESS Newswir...
Fermi and Hillcore Energy Capital Announce 2.6 Gigawatt Power Strategic Alliance for Project Matador
Doubles Fermi power to market to 4.8 gigawatts (GW) over the next ~30 months Build-Own-Operate-Transfer structure accelerates one of America's largest AI campus power programs - with no capital outlay...
“Deal Shows Real Traction,” Says Citizens Analyst as Fermi Stock (FRMI) Soars on First Big Win
Fermi ($FRMI) surged 24% on Tuesday after the company announced a binding lease agreement with TensorWave, marking its first large customer win. Following the news, Top Citizens analyst Gregory P.
Fermi stock jumps 23% on $6.5B TensorWave AI data center lease deal
Shares of Fermi surged in trading on Tuesday after the data center developer announced it had secured its first major tenant for its Project Matador campus in Amarillo, Texas. The stock FRMI climbed 2...
Fermi Finally Gets an AI Tenant for Its Data-Center Site and the Stock Is Soaring
Fermi announces a $6.5 billion lease contract with AI cloud provider TensorWave.
Fermi announces binding lease agreement with TensorWave
Fermi (FRMI) announced that it has executed its first binding customer lease at its Project Matador campus in Carson County, Texas. The lease between Fermi’s subsidiary Fermi Campus 1 LLC…
Fermi jumps 36% to $7.97 after announcing TensorWave lease agreement
17:18 EDT Fermi (FRMI) jumps 36% to $7.97 after announcing TensorWave lease agreement
Fermi Announces Binding Lease Agreement with TensorWave
Intends to grow the partnership to more than 650 megawatts (MW) over three phases First phase to deliver a complete turnkey data center solution with 222 MW beginning in the second half of 2027, repre...
Fermi price target lowered to $11 from $27 at Mizuho
Mizuho lowered the firm’s price target on Fermi (FRMI) to $11 from $27 and keeps an Outperform rating on the shares. The firm believes the company is likely to sign…
Fermi Inc. Admission of shares of Common Stock and Total Voting Rights
DALLAS, July 23, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ and LSE: FRMI) (LEI: 529900TSHBYBCFMYZ228), ("Fermi" or the "Company"), the Texas-based company focused on developing electric grids that deliv...