FRMI

Fermi Inc

6.36

Aug 14 • 11:10 AM ET -0.24 (-3.71%)

Real Estate REIT - Specialty USA Mid NASD

Aug 13, 12:38 PMFermi secures $6.5B TensorWave deal, doubles Project Matador capacity to 4.8GW via Hillcore alliance

Peers: EPR OUT RYN LAMR IRM WY CDP AMT DLR EQIX

| Held by: VTI VB VBR IWR VBK SRVR IWD IWS ONEQ SPRE

Scroll to Statements

Index	-
Market Cap	4.05B
Enterprise Value	4.54B
Income	-694.51M
Sales	-
Book/sh	1.62
Cash/sh	0.14
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	-
Employees	35
IPO	Oct 01, 2025

P/E	-
Forward P/E	22.63
PEG	-
P/S	-
P/B	3.93
P/C	44.17
P/FCF	-
EV/EBITDA	-
EV/Sales	-
Quick Ratio	1.02
Current Ratio	0.61
Debt/Eq	0.56
LT Debt/Eq	0.56
Option/Short	Yes / Yes

EPS (ttm)	-1.32
EPS next Y	0.28
EPS next Q	-0.05
EPS this Y	72.36%
EPS next Y	197.75%
EPS next 5Y	-
EPS past 3/5Y	- -
Sales past 3/5Y	- -
EPS Y/Y TTM	-
Sales Y/Y TTM	-
EPS Q/Q	-8000.00%
Sales Q/Q	-
Earnings	Aug 13 BMO
EPS/Sales Surpr.	12.09% -100.00%

Insider Own	55.33%
Insider Trans	-3.94%
Inst Own	14.25%
Inst Trans	28.51%
ROA	-
ROE	-
ROIC	-43.19%
Gross Margin	-
Oper. Margin	-
Profit Margin	-
SMA20	-1.71%
SMA50	-10.33%
SMA200	-32.48%
Trades

Shs Outstand	638.12M
Shs Float	284.79M
Short Float	16.55%
Short Ratio	2.34
Short Interest	47.14M
52W High	36.99 -82.82%
52W Low	4.47 42.17%
Volatility	8.65% 9.49%
ATR (14)	0.70
RSI (14)	47.59
Beta	-
Rel Volume	1.29
Avg Volume	20.10M
Volume	7,681,542

Perf Week	2.83%
Perf Month	7.17%
Perf Quarter	-13.77%
Perf Half Y	-31.37%
Perf YTD	-20.56%
Perf Year	-
Perf 3Y	-
Perf 5Y	-
Perf 10Y	-
Recom	1.44
Target Price	15.22
Prev Close	6.60
Price	6.36
Change %	-3.71%

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

Aug-13-26 07:19AM	Fermi Stock Rises on Earnings. The Big Stock Move Already Happened This Week. (Barrons.com) -13.16%
07:00AM	Fermi Announces Second Quarter 2026 Results and Delivers on All Five 90-Day Objectives (ACCESSWIRE)
05:33AM	Applied Materials headlines Thursday's earnings slate (MarketWatch)
04:44AM	Hillcore to build 2.6GW power complex at Fermi Matador site in US (Power Technology)
01:49AM	Fermi Names New CEO Ahead Of Earnings: Retail Says FRMI 2.0 Off To A Great Start (Stocktwits)
04:01PM	Loading…
Aug-12-26 04:01PM	Fermi Names Lee McIntire as Chief Executive Officer (ACCESSWIRE) +6.74%
Aug-11-26 05:15PM	Fermi and Hillcore Energy Capital Announce 2.6 Gigawatt Power Strategic Alliance for Project Matador (ACCESSWIRE) +21.09%
10:15AM	Fermi Soars After Landing First Tenant for Giant Texas Data-Center Project (The Wall Street Journal)
07:44AM	Fermi Finally Gets an AI Tenant for Its Data-Center Site and the Stock Is Soaring (Barrons.com)
Aug-10-26 06:40PM	CORRECTION FROM SOURCE: Fermi Announces Binding Lease Agreement with TensorWave (ACCESSWIRE)
05:10PM	Fermi Announces Binding Lease Agreement with TensorWave (ACCESSWIRE)
Jul-23-26 02:00AM	Fermi Inc. Admission of shares of Common Stock and Total Voting Rights (PR Newswire)
Jul-21-26 04:30PM	Fermi Announces First Siemens Turbines Arrive at Port of Houston (ACCESSWIRE) +8.66%
Jul-20-26 04:30PM	Fermi Announces Second Quarter 2026 Earnings Release and Call Date (ACCESSWIRE)
Jul-15-26 08:30AM	Fermi Outlines Strategic Rationale for Upsized $431 Million Convertible Notes Offering (ACCESSWIRE) -7.27%
01:16PM	Loading…
Jul-13-26 01:16PM	Neugebauer Addresses $375mm Convertible Note Offering that Resulted in Former Fermi CFO Miles Everson's Resignation from Fermi Board; Reaffirms Confidence in Company Securing Its Tenant (PR Newswire)
Jul-10-26 08:57AM	CCC Intelligent Solutions, Circle rise premarket; Silo Pharma, Fermi America fall (Investing.com) -9.97%
06:20AM	Fermi America Shares Fall After Pricing Upsized Convertible Notes Offering (FRMI) (InvestorsHub)
02:43AM	Fermi to raise $350m in note offering (Proactive)
Jul-09-26 11:38PM	Fermi Inc. Prices Upsized Offering of $375 Million of Convertible Senior Notes - Dilution Offset Until $14.64 per Share (ACCESSWIRE)
04:20PM	Fermi Inc. Announces Proposed Offering of $350 Million of Convertible Senior Notes with Capped Call Anti-Dilution Protection (ACCESSWIRE)
Jul-07-26 08:30AM	Fermi Shareholders Send Clear Message They Do Not Support Former CEO's Special Meeting Proposal: Company Presses Ahead Executing Strategic Plan Without Distraction (PR Newswire) -10.11%
Jul-05-26 05:00PM	Five Energy Stocks Riding Texas's Data Center Power Boom (Oilprice.com)
Jul-03-26 01:03PM	Neugebauer Suspends Current Proxy Campaign While Leading with About 70% of Votes Recorded, Following Judge's Inexplicable Last-minute Recusal That Throws off Timeline for Strategic Process; Reaffirms Confidence in Fermi's Future (PR Newswire)
Jul-01-26 04:33PM	Neugebauer Asks: What Is the Fermi Board Afraid to Say Under Oath? As Company Dismisses Litigation Prior to Discovery (PR Newswire) -6.99% -5.40%
Jun-30-26 08:30AM	Fermi Selects Primoris Services Corporation to Engineer and Construct Balance of Plant for First Six SGT-800 Gas Turbines of Phase One Power Buildout (PR Newswire)
Jun-26-26 01:30AM	Fermi Selects TSK to Advance Engineering for Texas Power Project (Oilprice.com) +7.84%
Jun-25-26 01:46PM	NEUGEBAUER PROPOSES HISTORIC TOWN HALL WEBINAR WITH FERMI CO-FOUNDERS GOVERNOR RICK PERRY AND SON GRIFFIN PERRY ON JUNE 30--SO SHAREHOLDERS CAN HEAR FIRST-HAND EACH PARTY'S VIEWS ON THE PAST, PRESENT, AND FUTURE OF THE COMPANY (PR Newswire) +10.14%
08:30AM	Fermi Inc. Selects TSK, Spain's Largest EPC Firm, to Deliver Early Works Engineering for Three Siemens SGT6-5000F Turbines (PR Newswire)
Jun-24-26 06:34PM	Neugebauer Highly Confident Tenant Will Be Announced Soon (PR Newswire) -8.06%
08:30AM	Loading…
08:30AM	Fermi America Tells Texas Lawmakers Project Matador Will Push the Frontier of AI Compute While Setting a New Standard for Water Stewardship (PR Newswire)
Jun-22-26 08:30AM	Fermi's Former CEO Toby Neugebauer Makes More False Claims and Inaccurate Statements (PR Newswire) -5.58%
Jun-18-26 11:08PM	THE MARKET HAS SPOKEN: Wants Neugebauer and Fermi Board to Maximize Shareholder Value and Enhance Management (PR Newswire) +9.70%
Jun-15-26 07:00AM	Fermi Files Definitive Consent Revocation Statement and Mails Letter to Shareholders (PR Newswire)
Jun-10-26 02:18PM	Fermi shares surge on report OpenAI may be eyeing major capacity deal (Proactive) +22.60%
08:44AM	Dow, Nasdaq recoil as inflation surprise revives Fed fears (Proactive)
08:44AM	Dow Jones, Nasdaq lower after CPI inflation print raises Fed worries (Proactive)
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	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	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	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%

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-President & COOMr. Jacobo Ortiz Blanes

Chief Site OfficerMr. Charles Lynn Hamilton

Co-PresidentMs. Anna Bofa

Chief Financial OfficerMr. Robert L. Masson II

Director of Investor RelationsMr. Rodrigo Acuna

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Perry James Richard	Director	Jun 30 '26	Sale	7.31	863,637	6,313,186	15,827,807	Jul 02 08:53 PM
Uzman Mesut	Chief Nuclear Constr. Officer	Jun 03 '26	Sale	6.31	79,509	501,702	670,491	Jun 04 09:38 PM
Uzman Mesut	Chief Nuclear Constr. Officer	Jun 03 '26	Sale	6.31	79,032	498,692	670,968	Jun 04 09:38 PM
Mesut Uzman	Officer	Jun 03 '26	Proposed Sale	6.32	158,541	1,001,689		Jun 04 09:37 PM
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

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FRMI

Fermi Inc

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