Fermi Inc. (FRMI)
NASDAQ:FRMI
FRMI Stock Chart & Stats
$6.55
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Market closed
$6.55
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Day’s Range― - ―
52-Week Range$4.47 - $36.99
Previous CloseN/A
VolumeN/A
Average Volume (3M)19.56M
Market Cap
$4.20B
Enterprise Value$4.12B
Total Cash (Recent Filing)$207.50M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)―
Beta1.88
Next Earnings
Nov 17, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.30
Shares Outstanding637,574,200
10 Day Avg. Volume19,698,009
30 Day Avg. Volume19,558,538
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.42
Price to Sales (P/S)0.00
P/FCF Ratio-6.20
Enterprise Value/Market Cap0.98
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-6.09
Forecast
1Y Price Target
$13.50Price Target Upside106.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.07
Revenue Forecast (FY)$84.49M
Bulls Say, Bears Say
Bulls Say
Anchor Tenant LOI And Revenue PotentialLong-term letter of intent with a large hyperscaler for 1 GW of power at attractive terms could convert into significant recurring revenue if the LOI becomes a firm lease.
Equipment Procurement And Execution SignalNew letter of intent with Siemens for additional turbines with imminent delivery provides an early read on procurement progress and the ability to meet construction timelines.
Strategic Land And Infrastructure Advantage99-year land lease with access to water, natural gas infrastructure, and fiber creates a differentiated site advantage for large-scale power and data center projects.
Bears Say
Early-stage Execution And Supply-chain ExposureEarly-stage company profile combined with supply-chain vulnerabilities creates execution risk that may keep valuation pressured until operational milestones are achieved.
Loss Of Anchor TenantTermination of the agreement for the first tenant at the Matador project removes an expected revenue anchor and increases uncertainty around lease conversions.
Regulatory And Financing RisksSignificant regulatory challenges and sizable long-term capital needs raise the likelihood of project delays or financing strain for large-scale power development.
Fermi Inc. News
FRMI FAQ
What was Fermi Inc.’s price range in the past 12 months?
Fermi Inc. lowest stock price was $4.47 and its highest was $36.99 in the past 12 months.
What is Fermi Inc.’s market cap?
Fermi Inc.’s market cap is $4.20B.
When is Fermi Inc.’s upcoming earnings report date?
Fermi Inc.’s upcoming earnings report date is Nov 17, 2026 which is in 171 days.
How were Fermi Inc.’s earnings last quarter?
Fermi Inc. released its earnings results on May 14, 2026. The company reported -$0.3 earnings per share for the quarter, missing the consensus estimate of -$0.034 by -$0.266.
Is Fermi Inc. overvalued?
According to Wall Street analysts Fermi Inc.’s price is currently Undervalued.
Does Fermi Inc. pay dividends?
Fermi Inc. does not currently pay dividends.
What is Fermi Inc.’s EPS estimate?
Fermi Inc.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Fermi Inc. have?
Fermi Inc. has 637,574,200 shares outstanding.
What happened to Fermi Inc.’s price movement after its last earnings report?
Fermi Inc. reported an EPS of -$0.3 in its last earnings report, missing expectations of -$0.034. Following the earnings report the stock price went up 22.833%.
Which hedge fund is a major shareholder of Fermi Inc.?
Currently, no hedge funds are holding shares in FRMI
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Fermi Inc. Stock Smart Score
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$13.50 (106.11% Upside)
$13.50 (106.11% Upside)
Blogger Sentiment
Neutral
FRMI Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 559.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $67.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.2%
Last 30 Days ▼ 0.4%
Last 30 Days ▼ 0.4%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Fundamentals
Return on Equity
-109.36%
Trailing 12-Months
Asset Growth
9999.00%
Trailing 12-Months
Company Description
Fermi Inc.
Fermi, Inc. engages in the development of energy infrastructure. It intends to develop an energy and data center development campus to support the needs of to-be-built AI infrastructure. The company was founded by Rick Perry, Toby Neugebauer and Griffin Perry on January 10, 2025 and is headquartered in Amrillo, TX.
FRMI Company Deck
FRMI Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call emphasized meaningful operational and commercial progress — regulatory permits, substantial on‑site build and long‑lead equipment acquisitions, renewed tenant engagement, and near‑term financing commitments — while flagging material near‑term risks including a large Q1 net loss driven by equity compensation, high Q1 capital spend relative to cash balances, leadership transition and governance changes, and execution timing risks tied to interconnection and equipment availability. Management articulated a focused 90‑day plan (including securing a binding tenant agreement) and presented multiple financing levers, but successful de‑risking is contingent on closing tenant deals and converting financing commitments into drawn, project‑level capital.View all FRMI earnings summariesFRMI Stock 12 Month Forecast
Average Price Target
$13.50
▲(106.11% Upside)
Technical Analysis
Ownership Overview
15.42% Insiders
0.57% Mutual Funds
4.25% Other Institutional Investors
78.31% Public Companies and Individual Investors