Fermi Inc. (FRMI)
NASDAQ:FRMI
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FRMI Stock Chart & Stats
$6.67
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Market closed
$6.67
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Day’s Range― - ―
52-Week Range$4.47 - $36.99
Previous CloseN/A
VolumeN/A
Average Volume (3M)10.99M
Market Cap
$3.67B
Enterprise Value$3.85B
Total Cash (Recent Filing)$408.53M
Total Debt (Recent Filing)$131.12M
Price to Earnings (P/E)―
Beta0.35
Next Earnings
Nov 17, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.26
Shares Outstanding629,839,800
10 Day Avg. Volume11,243,805
30 Day Avg. Volume10,990,334
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 Cap1.05
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-21.65
Forecast
1Y Price Target
$20.67Price Target Upside209.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.21
Revenue Forecast (FY)$357.78M
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 $3.67B.
When is Fermi Inc.’s upcoming earnings report date?
Fermi Inc.’s upcoming earnings report date is Nov 17, 2026 which is in 213 days.
How were Fermi Inc.’s earnings last quarter?
Fermi Inc. released its earnings results on Mar 30, 2026. The company reported -$0.261 earnings per share for the quarter, missing the consensus estimate of -$0.01 by -$0.251.
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 629,839,800 shares outstanding.
What happened to Fermi Inc.’s price movement after its last earnings report?
Fermi Inc. reported an EPS of -$0.261 in its last earnings report, missing expectations of -$0.01. Following the earnings report the stock price went down -13.269%.
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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$20.67 (209.90% Upside)
$20.67 (209.90% Upside)
Blogger Sentiment
Bearish
FRMI Sentiment 100%
Sector Average 68%
Sector Average 68%
Insider Transactions
Sold Shares
Worth $67.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.2%
Last 30 Days ▲ 13.0%
Last 30 Days ▲ 13.0%
News Sentiment
Bullish
Bullish news 60%
Bearish news 40%
Bearish news 40%
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 Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call balances clear, tangible operational progress and strong near‑term liquidity with meaningful execution risks. Highlights include major permitting (6 GW), substantial on‑site construction, $935M of construction in progress, equipment procurement with tariff savings, and ~$1B of financing proceeds plus additional equipment financing facilities that together provide at least 12 months of liquidity. Lowlights center on the lack of any executed definitive tenant leases, dependence on project‑level financing to proceed, notable noncash accounting losses that drive a large GAAP net loss ($486M), and MEP/supply chain timing mismatches that could delay revenue. Overall, the company has advanced materially from formation to a real, asset‑backed development stage, but near‑term value realization hinges on executing tenant agreements and project financings.View all FRMI earnings summariesFRMI Stock 12 Month Forecast
Average Price Target
$20.67
▲(209.90% Upside)
Technical Analysis
Ownership Overview
15.61% Insiders
0.58% Mutual Funds
0.04% Other Institutional Investors
82.19% Public Companies and Individual Investors