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Fermi Inc. ( (FRMI) ) just unveiled an announcement.
In the third quarter of 2025, Fermi Inc. achieved significant milestones in the development of Project Matador, a large-scale private grid in the Texas Panhandle. The company commenced a 99-year lease with Texas Tech University, began on-site construction, and secured critical power generation equipment, surpassing initial targets. Fermi also entered the public markets, raising capital to further its mission of supporting AI infrastructure. Strategic partnerships with companies like Westinghouse Electric and Siemens Energy were established to enhance nuclear and gas power capabilities, positioning Fermi as a key player in the energy and AI sectors.
The most recent analyst rating on (FRMI) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Fermi Inc. stock, see the FRMI Stock Forecast page.
More about Fermi Inc.
Fermi Inc. operates in the energy sector, focusing on the development of private electric grids to support next-generation artificial intelligence. The company aims to deliver gigawatt-scale power using low-carbon, clean energy sources, with a significant project underway in the Texas Panhandle known as Project Matador.
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For a thorough assessment of FRMI stock, go to TipRanks’ Stock Analysis page.