Fermi Inc. FRMI
1.57 USD +0.04 (+2.61%)
At closeNov 6, 2026, 7:59 PM EST
1.55 -0.02 -1.27%
After hours · Nov 6, 7:59 PM ET
1.44 Day range 1.62
1.44 52-week range 25.70
- YTD
- -80.38%
- 1 year
- -93.88%
- Market cap
- 1.01B
- EPS (ttm)
- -1.27
- Shares out
- 641.26M
- Forward P/E
- 7.06
- YTD return
- -80.38%
- 1-year return
- -93.88%
- Volume
- 28.73M
- Avg volume
- 20.65M
- Open
- 1.60
- Previous close
- 1.53
- Day's range
- 1.44 – 1.62
- 52-week range
- 1.44 – 25.70
- Analysts
- Buy
- Price target
- 16.63 (+958.9%)
- Earnings date
- Nov 12, 2026
MAX -31.00 (-95.30%)
Key statistics
- Enterprise value
- 1.49B
- PEG ratio
- 0.00
- Price / sales
- 0.00
- Price / book
- 0.97
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- 0.00%
- Free cash flow
- 0
- Total cash
- 62.54M
- Total debt
- 576.39M
- Return on equity
- 0.00%
- Short % of float
- 16.48%
- 50-day average
- 3.95
- 200-day average
- 6.31
Analyst view
Consensus: buy
Buy
Price target (mean) 16.63 +958.9% upside
Now 1.57
- Target (low)
- 6.00
- Target (mean)
- 16.63
- Target (high)
- 35.00
Ratings (0m) 8 6 buy · 2 hold · 0 sell
- Strong buy1
- Buy5
- Hold2
- Sell0
- Strong sell0
Next earnings
Nov 12, 2026
Expected Nov 12, 2026. Consensus EPS estimate -0.06938.
Financials — quick view
FRMI Revenue — quarterly 0
FRMI Net income — quarterly -25.81M
FRMI EPS — quarterly -0.04
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 12, 2026 | Sep 30, 2026 | -0.03907 | — | — | — |
| Aug 13, 2026 | Jun 30, 2026 | -0.04547 | -0.04 | +0.01 | +12.03% |
| May 14, 2026 | Mar 31, 2026 | -0.03393 | -0.30 | -0.27 | -784.17% |
| Mar 30, 2026 | Dec 31, 2025 | -0.00993 | -0.26084 | -0.25 | -2,526.79% |
| Nov 11, 2025 | Sep 30, 2025 | -0.02289 | -0.84 | -0.82 | -3,569.72% |
| Sep 3, 2025 | Jun 30, 2025 | -0.02289 | -0.00732 | +0.02 | +68.02% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 16, 2026 | Cantor Fitzgerald | main | Overweight | Overweight |
| Oct 14, 2026 | Macquarie | main | Outperform | Outperform |
| Aug 14, 2026 | Macquarie | main | Outperform | Outperform |
| Aug 13, 2026 | Macquarie | main | Outperform | Outperform |
| Jul 28, 2026 | Mizuho | main | Outperform | Outperform |
| Jun 23, 2026 | Stifel | main | Buy | Buy |
About Fermi Inc.
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 natural gas project, one of the largest clean new nuclear power complexes in America, utility grid power, solar power, and battery energy storage to support hyperscale AI and advanced computing. The company was incorporated in 2025 is headquartered in Amarillo, Texas.
- Sector
- Real Estate
- Industry
- REIT - Specialty
- Country
- United States
- Website
- fermiamerica.com
News
AI Stocks Got Hammered After Midterms, but This Analyst Says the Panic Is Overblown 
Fermi's Co-Founder and Largest Shareholder, Toby Neugebauer: "Fermi's Shareholders, the Markets and Texas Voters Have Rejected Rick Perry and Fermi's 'We Can Do Whatever We Want' Board" 
Fermi Announces TensorWave Data Center Lease Closing Missed October 31 Deadline As Both Parties Continue Working To Satisfy Conditions; CEO Says Both Fermi And TensorWave Remain Committed To This Lease 
AI Data Centers Are on the Ballot. 7 Stocks That Are at Risk. 
Dow Rises 1%, Oil Sinks 7% on Iran Peace Hopes: Stock Market Today 
Fermi Advances Project Matador, Pivots to Powered-Land Strategy as Director Vote Fails 
What's Going On With Fermi Stock Friday? 
Cantor Fitzgerald Maintains Overweight on Fermi, Lowers Price Target to $8 
Fermi Amends Equipment Supply Loan Financing Terms With MUFG To Eliminate Covenant Requiring A Lease Or Offtake Arrangement For 400 MW On The Project Matador Site By November 10 
Nasdaq 100 Drops 1% on Hot CPI, SOXX Falls 7th Day: Stock Market Today
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| EVERSON MILES E. | Director | Stock Award(Grant) | May 31, 2026 | 10,905,500 |
| HAAS MARIUS A | Director | Stock Award(Grant) | May 31, 2026 | 1,075,090 |
| HAMILTON CHARLIE | Officer | Sale | Apr 8, 2026 | 13,175,900 |
| MCINTIRE LEE A | Chief Executive Officer | Stock Award(Grant) | Aug 13, 2026 | 784,913 |
| NEUGEBAUER TOBY R | Beneficial Owner of more than 10% of a Class of Security | Sale | Oct 19, 2026 | 0 |
| ORTIZ BLANES JACOBO | Chief Operating Officer | Stock Award(Grant) | Aug 19, 2026 | 13,491,200 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Srs Investment Management, Llc | 3.15% | 20,205,579 | 31.72M | Jun 29, 2026 |
| Citadel Advisors Llc | 1.34% | 8,587,055 | 13.48M | Jun 29, 2026 |
| Point72 Asset Management, L.P. | 1.10% | 7,036,123 | 11.05M | Jun 29, 2026 |
| Shaw D.E. & Co., Inc. | 0.85% | 5,418,891 | 8.51M | Jun 29, 2026 |
| Millennium Management Llc | 0.67% | 4,303,619 | 6.76M | Jun 29, 2026 |
| Blackrock Inc. | 0.66% | 4,202,985 | 6.60M | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 0.47% | 3,041,000 | 4.77M | Jun 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund | 0.34% | 2,186,126 | 3.43M | Jun 29, 2026 |
| Highland Global Allocation Fund | 0.32% | 2,058,011 | 3.23M | Jun 29, 2026 |
| Highland Opportunities and Income Fund | 0.22% | 1,400,000 | 2.20M | Jun 29, 2026 |
| Fidelity Concord Street Trust-Fidelity Extended Market Index Fund | 0.21% | 1,332,952 | 2.09M | Sep 29, 2026 |
| iShares Trust-iShares Russell Mid-Cap ETF | 0.16% | 1,035,682 | 1.63M | Sep 29, 2026 |