FRMI

Fermi Inc

May 19 • 04:00PM ET

5.87

-0.68 -10.38 %

Real Estate • REIT - Specialty • USA • Mid • NASD

May 18, 8:35 AMFermi says ex-CEO Toby Neugebauer was terminated for cause over alleged misconduct, value-destructive sale plans

Peers: EPR GLPI RHP LAMR OUT

| Held by: ONEQ SOVF IWR EQAL NFRA SPRE VXF IWD SMLF INFL

Scroll to Statements

Index	-	P/E	-	EPS (ttm)	-	Insider Own	61.48%	Shs Outstand	629.84M	Perf Week	7.31%
Market Cap	3.74B	Forward P/E	7.68	EPS next Y	0.76	Insider Trans	-3.31%	Shs Float	245.57M	Perf Month	8.70%
Enterprise Value	3.96B	PEG	-	EPS next Q	-0.05	Inst Own	11.76%	Short Float	14.82%	Perf Quarter	-37.29%
Income	-	P/S	-	EPS this Y	105.63%	Inst Trans	132.29%	Short Ratio	2.52	Perf Half Y	-67.91%
Sales	-	P/B	3.45	EPS next Y	1205.48%	ROA	-	Short Interest	36.40M	Perf YTD	-26.63%
Book/sh	1.70	P/C	15.38	EPS next 5Y	-	ROE	-	52W High	36.99 -84.13%	Perf Year	-
Cash/sh	0.38	P/FCF	-	EPS past 3/5Y	- -	ROIC	-	52W Low	4.47 31.32%	Perf 3Y	-
Dividend Est.	-	EV/EBITDA	-	Sales past 3/5Y	- -	Gross Margin	-	Volatility	15.56% 11.55%	Perf 5Y	-
Dividend TTM	-	EV/Sales	-	EPS Y/Y TTM	-	Oper. Margin	-	ATR (14)	0.69	Perf 10Y	-
Dividend Ex-Date	-	Quick Ratio	1.02	Sales Y/Y TTM	-	Profit Margin	-	RSI (14)	50.00	Recom	1.44
Dividend Gr. 3/5Y	- -	Current Ratio	1.02	EPS Q/Q	-	SMA20	4.52%	Beta	-	Target Price	18.56
Payout	-	Debt/Eq	0.43	Sales Q/Q	-	SMA50	-3.32%	Rel Volume	1.33	Prev Close	6.55
Employees	35	LT Debt/Eq	0.43	Earnings	May 14 BMO	SMA200	-52.62%	Avg Volume	14.47M	Price	5.87
IPO	Oct 01, 2025	Option/Short	Yes / Yes	EPS/Sales Surpr.	-784.96% 90.29%	Trades		Volume	19,249,948	Change	-10.38%

Date	Action	Analyst	Rating Change	Price Target Change
May-15-26	Downgrade	Evercore ISI	Outperform → In-line	$11
May-05-26	Downgrade	UBS	Buy → Neutral	$6
Apr-09-26	Resumed	Cantor Fitzgerald	Overweight	$8
Feb-09-26	Initiated	Citizens	Mkt Outperform	$30
Oct-27-25	Initiated	UBS	Buy	$30
Oct-27-25	Initiated	Stifel	Buy	$29
Oct-27-25	Initiated	Rothschild & Co Redburn	Buy	$31
Oct-27-25	Initiated	Mizuho	Outperform	$27
Oct-27-25	Initiated	Macquarie	Outperform	$35
Oct-27-25	Initiated	Cantor Fitzgerald	Overweight	$27
Oct-27-25	Initiated	Berenberg	Buy	$37

Show Previous Ratings

May-18-26 08:30AM	Fermi Files Preliminary Consent Revocation Statement (PR Newswire)
May-16-26 05:30AM	The Texas-Size Fight Over Rick Perry's Nuclear Power Startup (The Wall Street Journal)
May-15-26 09:45AM	Cisco upgraded, Doximity downgraded: Wall Street's top analyst calls (The Fly) -11.67%
May-14-26 10:21PM	Fermi Flags AI Power Push as Q1 Loss Widens on Expansion Costs (Oilprice.com) +22.83%
07:06PM	Fermi Inc (FRMI) Q1 2026 Earnings Call Highlights: Strategic Moves Amid Financial Challenges (GuruFocus.com)
05:13PM	Loading…
05:13PM	Fermi Inc. Common Stock Q1 2026 Earnings Call Summary (Moby)
04:05PM	Fermi Board Amends Bylaws to Protect Interests of Shareholders (PR Newswire)
07:00AM	Fermi Inc. Outlines Fermi 2.0 Strategic Evolution and Reports First Quarter 2026 Financial Results (PR Newswire)
May-12-26 06:32PM	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 (PR Newswire) +9.69%
May-11-26 04:30PM	Fermi Board Announces Actions to Confirm No Special Meeting of Shareholders Has Been Called (PR Newswire)
09:00AM	Caddis Capital Fully Backs Fermis Board, Management, and Long-Term Strategic Plan (Business Wire)
May-08-26 02:00PM	Fermi America Announces First Quarter 2026 Earnings Release and Call Date (PR Newswire)
May-05-26 09:04PM	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 (PR Newswire) +12.55%
07:56PM	Fermi Appoints Larry Kellerman to Board of Directors (PR Newswire)
10:46AM	Fermi Stock Slides as Ex-CEO Calls a Special Meeting. Will Shareholders Vote to Sell? (Barrons.com)
09:24AM	Loading…
09:24AM	Toby Neugebauer Calls a Special Meeting to Unlock Maximum Value for Fermi Shareholders (PR Newswire)
May-01-26 09:56PM	Larry Kellerman, Fermi's Chief Power Officer and Architect of Its 17 GW Energy Infrastructure, Accepts Board Nomination (PR Newswire)
10:44AM	Fermi's Ousted Co-Founder Vows to Keep Fighting (The Wall Street Journal)
Apr-30-26 04:00AM	Fermi Names Rob Masson Interim CFO as AI Power Campus Push Advances (Oilprice.com)
03:00AM	Fermi Inc. Appoints Rob L. Masson II as Interim Chief Financial Officer (PR Newswire)
Apr-28-26 05:00AM	A Trump-branded nuclear power project thrilled investors. Then came the crash. (Washington Post)
Apr-24-26 04:29PM	There's a new stock for the nuclear-power IPO trade, and Wall Street is piling in. Should you? (MarketWatch) -8.78%
Apr-22-26 03:59PM	Fermi's Fired CEO Is Pushing for a Sale. Why He Can Do That. (Barrons.com) +15.81%
11:41AM	Fermi's Fired CEO Is Pushing for a Sale of the AI Start-Up. What It Means for the Stock. (Barrons.com)
Apr-21-26 10:02PM	Fermi Rejects Sale Push as It Advances 17GW AI Power Project (Oilprice.com) -6.30%
08:25PM	FERMI PROVIDES BUSINESS UPDATE (PR Newswire)
Apr-20-26 11:51PM	Toby Neugebauer Incredibly Bullish on Project Matador and Calls for Sale of Company to Maximize Shareholder Value (PR Newswire) -17.56%
03:34PM	Why Fermi CEO's Exit Could Solve the Company's Biggest Problem (Barrons.com)
01:19PM	Fermi Shares Plummet on Executive Departures (The Wall Street Journal)
11:55AM	Fermi shares slump after CEO, CFO step down (CFO Dive)
11:11AM	Loading…
11:11AM	This AI power company ousted its CEO. Why that could help it sign up its first customer. (MarketWatch)
08:58AM	Fermi Stock Plummets as CEO, CFO Depart. How It Could Solve Power Company's Biggest Problem. (Barrons.com)
07:45AM	Fermi Stock Plummets 20% as CEO and Finance Chief Depart. What's Up at the Data-Center Developer. (Barrons.com)
02:27AM	Fermi Inc. Announces "Fermi 2.0" Strategic Evolution, New Board Chairman, Leadership Transitions, and New Office Locations (PR Newswire)
Mar-31-26 08:30AM	Fermi Inc. Common Stock Q4 2025 Earnings Call Summary (Moby) +8.96%
Mar-30-26 07:00PM	Fermi Inc (FRMI) Q4 2025 Earnings Call Highlights: Strategic Moves and Financial Challenges (GuruFocus.com) -13.27%
04:41PM	This AI power company's Trump-named power project still has no customers in sight (MarketWatch)
03:57PM	This Data Center Stock Is Plummeting. It Has a Major Problem. (Barrons.com)
11:51AM	This Data Centre Stock Just Plunged 18%. It has a Problem - No Customers. (Barrons.com)
10:05AM	Fermi shares tumble after wider-than-expected loss, tenant uncertainty weighs (Proactive)
07:00AM	Fermi America Reports Fiscal Year 2025 Earnings, Marking Operational Milestones on the Path to 17 GW of Private Power (PR Newswire)
Mar-27-26 07:28PM	Fermi America Files Second Clean Air Permit Application with TCEQ for 5 GW of Additional Power for Its Project Matador Private Grid (PR Newswire)
07:05AM	Fermi America Secures $165 Million Equipment Financing Facility from CSG Investments, an Affiliate of Beal Bank USA, to Accelerate Delivery of Six SGT-800 Gas Turbines for 2028 Delivery at Project Matador (PR Newswire)
Mar-13-26 09:25AM	World's Largest Private Grid, Fermi America to File Additional 5GW Clean Air Permit for Project Matador with the Texas Commission on Environmental Quality (TCEQ) Upsizing Campus Projections to 17GW of Private Power (PR Newswire)
Mar-11-26 07:25AM	Fermi America Chief Nuclear Construction Officer Mesut Uzman Addresses NRC Regulatory Information Conference 2026, Showcasing Project Matador's Position as America's Most Advanced Nuclear Build (PR Newswire) +7.76%
Mar-09-26 01:27PM	Jim Cramer on Fermi Inc.: "I Think It's a Loser" (Insider Monkey)
Mar-04-26 09:00AM	Shareholders of Fermi Inc. Should Contact Levi & Korsinsky Before March 6, 2026 to Discuss Your Rights - FRMI (PR Newswire)
Mar-03-26 03:23PM	Iran War Escalation, Oil Spike Rattle Wall Street: What's Moving Markets Tuesday? (Benzinga) -9.21%
Feb-27-26 06:15AM	Fermi (FRMI) Loses 8% to Profit-Taking After 31% Jump (Insider Monkey) -8.11%
Feb-25-26 08:41PM	Fermi Inc. (FRMI) Highlights Progress in its Strategic Partnership with Hyundai Engineering & Construction Co., Ltd. (Insider Monkey) +17.31% -7.97%
04:41PM	Fermi America Secures Final 6GW Clean Air Permit from the Texas Commission on Environmental Quality (TCEQ) for World's Largest 11 GW Private Power Grid (PR Newswire)
10:45AM	Fermi Inc. Common Stock call volume above normal and directionally bullish (TipRanks)
01:41AM	Fermi (FRMI) Climbs 12% as Analyst Reaffirms 'Buy' (Insider Monkey)
Feb-19-26 04:37PM	Fermi America Makes Initial Draw on $200 Million Equipment Facility from Keystone National Group and Cape Commercial Finance to Accelerate the Delivery of the First 2.3GW of Project Matador's 11GW Private HyperGrid Campus (PR Newswire)
Feb-18-26 08:53AM	Hagens Berman Scrutinizing Suit Against Fermi (FRMI) Over Alleged $150M Anchor Tenant Exit (PR Newswire)
Feb-13-26 11:07PM	Fermi (FRMI) Soars 11% as 11-GW Project Moves Forward (Insider Monkey) +11.12% -6.61%
01:48PM	Small Caps, Silver Rally As Inflation Cools Further: What's Moving Markets Friday? (Benzinga)
Feb-11-26 07:20PM	Fermi America Deepens Strategic Partnership with Hyundai E&C to Lead the Return of Large-Scale Nuclear Construction in the U.S. with Project Matador (PR Newswire)
11:48AM	Fermi (FRMI) Soars 8% After Raising $500 Million in Fresh Funds (Insider Monkey)
05:15AM	Fermi America secures $500m loan to advance power buildout (Proactive)
Feb-10-26 06:23PM	FRMI INVESTOR ACTION NOTICE: Hagens Berman Encourages Investors in Fermi (FRMI) to Contact Firm (PR Newswire) +8.17%
04:10PM	Leading Global Power and Infrastructure Financial Institution MUFG Backs Fermi America with $500 Million Equipment Loan to Accelerate 11GW Private Energy Campus (PR Newswire)
Feb-09-26 08:12AM	Here Are Mondays Top Wall Street Analyst Research Calls: Autozone, Doximity, Li Auto, Oracle, Robinhood Markets, Roblox, SoFi Technolgy, Terawulf and More (24/7 Wall St.) +8.62%
07:00AM	Fermi America Announces Arrival of 6 Siemens Energy SGT-800 Gas Turbines at Port of Houston, Marking Major Milestone in Natural Gas Power Timeline (PR Newswire)
Feb-05-26 03:07AM	Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI (PR Newswire) -11.98%
Jan-29-26 04:36AM	Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI (PR Newswire)
Jan-26-26 02:49PM	Figma's IPO Is a Cautionary Tale. How AI Busted the Stock. (Barrons.com) -6.02%
04:32AM	Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI (PR Newswire)
Jan-21-26 02:44AM	Fermi (FRMI) Sheds 8.9% on US-Europe Trade Tensions (Insider Monkey)
Jan-15-26 01:12AM	Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI (PR Newswire)
Jan-14-26 09:00AM	Fermi Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - FRMI (PR Newswire) -5.82%
Jan-12-26 07:30AM	Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI (Business Wire) +12.96%
Jan-10-26 02:24PM	Jim Cramer Says "Fermi's More of a Business Plan Than a Business" (Insider Monkey)
Jan-04-26 07:47AM	Fermi (FRMI) Surges 15.75% Ahead of Business Update (Insider Monkey)
Dec-31-25 07:37AM	Fermi (FRMI) Jumps 7.6% on Bargain-Hunting (Insider Monkey)
Dec-30-25 09:30AM	Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating (PR Newswire) +7.58%
Dec-26-25 11:11AM	2 Big Energy IPOs Flopped This Year. It Doesn't Bode Well for 2026. (Barrons.com)
Dec-24-25 05:30AM	Why the 'Everyone's a Winner' Energy Trade Can't Last Forever (The Wall Street Journal)
Dec-23-25 09:30AM	Hagens Berman Investigating Fermi Inc. (FRMI) as Shares Tank 33% Amid First Tenant Contract Termination (Business Wire) -7.09%
Dec-19-25 02:14PM	Jim Cramer Says "Some of My Newfound Cynicism With Nukes Comes From the Tale of Fermi" (Insider Monkey)
Dec-18-25 05:23AM	Evercore Sticks With Bullish Call on Fermi Inc. (FRMI) (Insider Monkey) -9.27%
Dec-17-25 08:49PM	Fermi denies report that Amazon was prospective tenant in stalled project (Reuters) -6.98%
12:03PM	Fermi (FRMI) Climbs 13% as Funds Flow Back to AI (Insider Monkey)
Dec-16-25 03:24PM	Why New AI IPO Stock Fermi Is Rebounding After Plunging Over 40% in 2 Days (Motley Fool) +13.39%
10:30AM	Fermi (FRMI) Nosedives 15% as Partner Withdraws from Deal (Insider Monkey)
Dec-13-25 03:55PM	Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating (PR Newswire)
Dec-12-25 05:32PM	These Stocks Moved the Most Today: Broadcom, Oracle, Fermi, Tilray, Lululemon, Costco, Netskope, and More (Barrons.com) -33.84% -14.87%
02:42PM	These Stocks Are Moving the Most Today: Broadcom, Oracle, Fermi, Tilray, Lululemon, Costco, Netskope, and More (Barrons.com)
02:33PM	Fermi Stock Heads for Worst Day on Record as AI-Energy Company Loses Funding Commitment From First Major Tenant (Barrons.com)
01:51PM	AI Power Darling Fermi Implodes After $150M Deal Collapses (GuruFocus.com)
12:00PM	Fermi Tanks 50% Amid Shock Exit of First Texas Data Center Customer (Oilprice.com)
11:21AM	Fermi Stock Sinks to Record Low Following Tenant Exit (Schaeffer's Research)
10:26AM	Fermi's first tenant of massive Trump-named power project backs out of funding deal (MarketWatch)
09:48AM	Trump headlines boost cannabis stocks, RH rises on Q3 earnings (Yahoo Finance Video)
09:27AM	Fermi Stock Craters 41% as AI-Energy Company Loses Funding Commitment From First Major Tenant (Barrons.com)
Dec-05-25 04:30PM	Fermi America Executes Electric Service Agreement with Southwestern Public Service Company, a Subsidiary of Xcel Energy, Securing Up to 200 MW of Power (PR Newswire)
Dec-01-25 07:00AM	Fermi America and MVM EGI Announce Water-Saving Hybrid Cooling Agreement for World's Largest Private Energy Grid, Delivering on Promises Made to Protect West Texas Water Resources (PR Newswire)
Nov-30-25 05:38AM	Why Analysts Say Fermi Inc. (FRMI) Is a Buy (Insider Monkey)
Nov-26-25 10:25AM	Top stock picks to play the AI 'picks & shovels' theme (Yahoo Finance Video) +12.09%
Nov-25-25 07:00AM	In Response to Inquiries from London Press, Fermi America Confirms Company in Discussions for $4+ Billion in Project Financing for First Tenant (PR Newswire)

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.

Co-PresidentMr. Jacobo Ortiz Blanes

Chief Site OfficerMr. Charles Lynn Hamilton

Co-PresidentMs. Anna Bofa

Co-Founder & Independent DirectorGovernor James Richard Perry

Co-FounderMr. Griffin Andrew Perry

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Hamilton Charles Lynn	Chief Site Development Officer	Apr 08 '26	Sale	4.91	375,950	1,845,914	5,924,050	Apr 10 07:38 PM
Hamilton Charles Lynn	Chief Site Development Officer	Apr 09 '26	Sale	4.58	398,140	1,823,481	5,525,910	Apr 10 07:38 PM
Ortiz Blanes Jacobo	Chief Operating Officer	Apr 08 '26	Sale	4.91	403,545	1,981,406	5,896,455	Apr 10 07:38 PM
Ortiz Blanes Jacobo	Chief Operating Officer	Apr 09 '26	Sale	4.58	427,363	1,957,323	5,469,092	Apr 10 07:38 PM
Everson Miles E.	Chief Financial Officer	Apr 08 '26	Sale	4.91	403,205	1,979,737	10,396,795	Apr 10 07:37 PM
Everson Miles E.	Chief Financial Officer	Apr 09 '26	Sale	4.58	427,004	1,955,678	9,969,791	Apr 10 07:37 PM
Perry Griffin	10% Owner	Mar 30 '26	Sale	5.02	9,000,000	45,191,700	62,946,450	Apr 01 07:11 PM
Perry Griffin	10% Owner	Mar 31 '26	Sale	5.54	2,000,000	11,076,800	60,946,450	Apr 01 07:11 PM
CADDIS HOLDINGS LP	10% Owner	Mar 30 '26	Proposed Sale	5.36	20,000,000	107,200,000		Mar 30 05:33 PM

open in yahoo | open in reuters | open in marketwatch | open in google | open in EDGAR

FRMI

Fermi Inc

Upgrade your Finviz experience