Fermi Inc. (FRMI)
| Market Cap | 3.94B |
| Revenue (ttm) | n/a |
| Net Income | -718.38M |
| EPS | -1.18 |
| Shares Out | 637.57M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 8,333,250 |
| Open | 6.00 |
| Previous Close | 6.09 |
| Day's Range | 5.96 - 6.27 |
| 52-Week Range | 4.47 - 36.99 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 20.50 (+231.72%) |
| Earnings Date | May 14, 2026 |
About Sampath Bank
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 and incorporated on January 10th, 2025 is headquartered in Amarillo, Texas, USA.
Financial Performance
Financial StatementsAnalyst Summary
According to 8 analysts, the average rating for FRMI stock is "Buy." The 12-month stock price target is $20.5, which is an increase of 231.72% from the latest price.
News
Fermi Proxy statement: Proxy filing
Fermi filed a proxy statement on June 3, 2026, providing details for shareholder voting and corporate governance matters.
Fermi Transcript: Investor update
A special shareholder meeting is being called to elect a new board and launch a dual-track process to maximize value, addressing governance concerns and market risks. Project Matador's unique assets and execution attract strong buyer interest, with a focus on speed and shareholder democracy.
Fermi files preliminary consent revocation statement
Fermi (FRMI) filed a preliminary Consent Revocation Statement with the SEC on May 15. The Revocation Statement responds to former CEO Toby Neugebauer’s preliminary consent solicitation, in which Neuge...
Fermi Files Preliminary Consent Revocation Statement
Board is Committed to Acting in the Best Interests of Fermi Shareholders and Cites Strong Momentum Behind Fermi 2.0 DALLAS, May 18, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operatin...
Fermi Proxy statement: Proxy filing
Fermi filed a proxy statement on May 18, 2026, providing details for shareholder voting and corporate governance matters.
Fermi Proxy statement: Proxy filing
Fermi filed a proxy statement on May 15, 2026, providing details for shareholder voting and corporate governance matters.
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 operations and secure binding tenant agreements within 90 days. Project Matador advanced with $1.4B invested, strong liquidity, and regulatory milestones achieved, positioning the company to meet surging AI-driven power demand.
Fermi Earnings release: Q1 2026
Fermi released its Q1 2026 earnings on May 14, 2026, summarizing the period's financial results.
Fermi Slides: Q1 2026
Fermi has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 14, 2026.
Fermi Quarterly report: Q1 2026
Fermi has published its Q1 2026 quarterly earnings report on May 14, 2026.
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 ...
Fermi Proxy statement: Proxy filing
Fermi filed a proxy statement on May 6, 2026, providing details for shareholder voting and corporate governance matters.
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...