Fermi Inc. Common Stock (FRMI)

US — Utilities Sector
Peers: LNT  EVRG  SRE  EMA  DUK  OKLO  AQNB  SBS  SO  BIP 

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Key Metrics & Ratings

  • symbol FRMI
  • Rev/Share 0.0
  • Book/Share 0.6484
  • PB 11.7521
  • Debt/Equity 0.0
  • CurrentRatio 0.0
  • ROIC -0.4012

 

  • MktCap 4678873548.0
  • FreeCF/Share -0.0975
  • PFCF -102.8541
  • PE -10.0648
  • Debt/Assets 0.0
  • DivYield 0
  • ROE -1.1676

 

  • Rating D+
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation FRMI Berenberg -- Buy -- $37 Oct. 27, 2025
Initiation FRMI Cantor Fitzgerald -- Overweight -- $27 Oct. 27, 2025
Initiation FRMI Macquarie -- Outperform -- $35 Oct. 27, 2025
Initiation FRMI Mizuho -- Outperform -- $27 Oct. 27, 2025
Initiation FRMI Rothschild & Co Redburn -- Buy -- $31 Oct. 27, 2025
Initiation FRMI Stifel -- Buy -- $29 Oct. 27, 2025
Initiation FRMI UBS -- Buy -- $30 Oct. 27, 2025

News

FRMI INVESTIGATION ALERT: Investigation Launched into Fermi Inc., RGRD Law Encourages Investors and Potential Witnesses to Contact Law Firm
FRMI
Published: December 29, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, Dec. 29, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Fermi Inc. (NASDAQ: FRMI) focused on whether Fermi as well as certain of its executives made false and/or misleading statements and/or failed to disclose material information to investors. If you have information that could assist in the Fermi investigation or if you are a Fermi investor who suffered a loss and would like to learn more, you can provide your information here: https://www.rgrdlaw.com/cases-fermi-inc-investigation-frmi.html You can also contact attorneys J.C.

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image for news FRMI INVESTIGATION ALERT: Investigation Launched into Fermi Inc., RGRD Law Encourages Investors and Potential Witnesses to Contact Law Firm
Hagens Berman Investigating Fermi Inc. (FRMI) as Shares Tank 33% Amid First Tenant Contract Termination
FRMI
Published: December 23, 2025 by: Business Wire
Sentiment: Neutral

SAN FRANCISCO--(BUSINESS WIRE)--On December 12, 2025, investors in Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater about 33% after the company revealed that a prospective anchor tenant (“First Tenant”) for Fermi's Project Matador (the company's Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction. The company has billed Matador as a multi-gigawatt energy and data center developmen.

Read More
image for news Hagens Berman Investigating Fermi Inc. (FRMI) as Shares Tank 33% Amid First Tenant Contract Termination
FRMI INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Launches Investigation into Fermi Inc., and Encourages Investors and Potential Witnesses to Contact Law Firm
FRMI
Published: December 22, 2025 by: Business Wire
Sentiment: Neutral

SAN DIEGO--(BUSINESS WIRE)---- $FRMI #FRMI--The law firm of Robbins Geller is investigating potential violations of U.S. federal securities laws involving Fermi Inc. (NASDAQ: FRMI).

Read More
image for news FRMI INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Launches Investigation into Fermi Inc., and Encourages Investors and Potential Witnesses to Contact Law Firm
Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating
FRMI
Published: December 18, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN FRANCISCO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- On December 12, 2025, investors in Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater about 33% after the company revealed that a prospective anchor tenant (“First Tenant”) for Fermi's Project Matador (the company's Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction. The company has billed Matador as a multi-gigawatt energy and data center development campus designed to support the accelerating needs of to-be-built AI infrastructure and “a first-of-its-kind energy campus to be built to power …

Read More
image for news Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating
FRMI Investors Have Opportunity to Join Fermi Inc. Fraud Investigation with the Schall Law Firm
FRMI
Published: December 17, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Dec. 17, 2025 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Fermi Inc. (“Fermi” or “the Company”) (NASDAQ: FRMI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Read More
image for news FRMI Investors Have Opportunity to Join Fermi Inc. Fraud Investigation with the Schall Law Firm
Fermi: The Problems Of Raising Capital Amidst Hype
FRMI
Published: December 15, 2025 by: Seeking Alpha
Sentiment: Negative

Fermi remains substantially overvalued, even after a steep price drop following the loss of a major tenant. FRMI's structural flaws—massive dilution and inflated market cap vs. capital raised—make value creation for equity holders extremely challenging. Current asset value is mostly cash raised and an idea now diminished by tenant loss; tangible demand from new tenants is unproven.

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image for news Fermi: The Problems Of Raising Capital Amidst Hype
Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating
FRMI
Published: December 15, 2025 by: PRNewsWire
Sentiment: Neutral

SAN FRANCISCO , Dec. 15, 2025 /PRNewswire/ -- On December 12, 2025, investors in Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater about 33% after the company revealed that a prospective anchor tenant ("First Tenant") for Fermi's Project Matador (the company's Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction. The company has billed Matador as a multi-gigawatt energy and data center development campus designed to support the accelerating needs of to-be-built AI infrastructure and "a first-of-its-kind energy campus to be built to power …

Read More
image for news Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating
Fermi's 'Tenant Exit' Triggers 40% Stock Slide — But The Street Still Sees A 3x Jump From Here
FRMI
Published: December 12, 2025 by: Benzinga
Sentiment: Negative

A $150 million funding agreement evaporated overnight — and so did half of Fermi Inc's (NASDAQ: FRMI) market cap. The stock was down 40% pre-market on Friday.

Read More
image for news Fermi's 'Tenant Exit' Triggers 40% Stock Slide — But The Street Still Sees A 3x Jump From Here
Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – FRMI
FRMI
Published: December 12, 2025 by: Business Wire
Sentiment: Neutral

LOS ANGELES--(BUSINESS WIRE)--Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – FRMI.

Read More
image for news Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – FRMI
Fermi Stock Sinks to Record Low Following Tenant Exit
FRMI
Published: December 12, 2025 by: Schaeffers Research
Sentiment: Negative

Shares of Fermi Inc. (NASDAQ:FRMI) are down 32.8%, last seen trading at $10.25.

Read More
image for news Fermi Stock Sinks to Record Low Following Tenant Exit
Fermi's first tenant of massive Trump-named power project backs out of funding deal
FRMI
Published: December 12, 2025 by: Market Watch
Sentiment: Negative

Fermi, co-founded by a former secretary of energy, Rick Perry, said its first potential tenant of Project Matador has backed out of an agreement to provide $150 million in advance funding.

Read More
image for news Fermi's first tenant of massive Trump-named power project backs out of funding deal
Data center REIT Fermi tumbles 40% after potential customer backs out of funding deal
FRMI
Published: December 12, 2025 by: Reuters
Sentiment: Negative

Shares of Fermi plunged 40% on Friday after the data center real estate investment company said a prospective tenant had terminated a deal to help fund construction at its Texas site, dealing a setback to the newly listed firm.

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image for news Data center REIT Fermi tumbles 40% after potential customer backs out of funding deal
Fermi Stock Craters 41% as AI-Energy Company Loses Funding Commitment From First Major Tenant
FRMI
Published: December 12, 2025 by: Barrons
Sentiment: Negative

The nascent AI infrastructure company says a potential tenant cancelled a $150 million agreement.

Read More
image for news Fermi Stock Craters 41% as AI-Energy Company Loses Funding Commitment From First Major Tenant
Fermi may appear ‘too good to be true', but has competitive advantage, says broker
FRMI
Published: November 19, 2025 by: Proactive Investors
Sentiment: Positive

Fermi Inc (NASDAQ:FRMI, LSE:FRMI) got a glowing write-up from Panmure Liberum as it initiated coverage of the AI-focused power developer, whose 11GW Project Matador is seen as ambitious but offering "a huge moat". A 'buy' recommendation and a $39 target price were dished out, versus the last close price at $18.6.

Read More
image for news Fermi may appear ‘too good to be true', but has competitive advantage, says broker
Trump-linked Fermi is having trouble signing its first data-center power tenant
FRMI
Published: November 11, 2025 by: Market Watch
Sentiment: Negative

Fermi, which is organized as a real-estate investment trust, is worrying investors with the delay in closing the deal with its first tenant.

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image for news Trump-linked Fermi is having trouble signing its first data-center power tenant
Fermi America™, City of Amarillo, and Carson County Ink Partnerships to Structure Taxes and Secure First GW of Water to Power Tomorrow's AI
FRMI
Published: October 29, 2025 by: PRNewsWire
Sentiment: Neutral

Carson County approved a 10-year tax abatement and reinvestment zone for Fermi America's 11GW energy campus, securing local investment, spurring economic growth and long-term, sustainable jobs across the region. Amarillo City Council approved a 20-year water agreement to supply up to 2.5 million gallons per day for Fermi America's private grid campus at 2x the rate of area taxpayers.

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image for news Fermi America™, City of Amarillo, and Carson County Ink Partnerships to Structure Taxes and Secure First GW of Water to Power Tomorrow's AI
Fermi ‘powering AI revolution', analysts kickoff coverage with ‘Buy' rating
FRMI
Published: October 27, 2025 by: Proactive Investors
Sentiment: Positive

UBS analysts on Monday initiated coverage of Fermi Inc (NASDAQ:FRMI, LSE:FRMI) with a ‘Buy' rating and a 12-month target price of $30 per share, saying the data center developer is “powering the AI revolution”. In a note to clients, the analysts wrote that a key upcoming catalyst for its stock is the conversion of the letter of intent with its first tenant into a firm lease by year end 2025, which is expected to generate annualized revenue of $1.5 billion.

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image for news Fermi ‘powering AI revolution', analysts kickoff coverage with ‘Buy' rating
Why this Trump-connected nuclear-power company's stock is rallying again
FRMI
Published: October 27, 2025 by: Market Watch
Sentiment: Positive

Fermi's stock fell below its IPO price last week but is bouncing back on positive comments from analysts and pacts with South Korean companies for its planned nuclear plants.

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image for news Why this Trump-connected nuclear-power company's stock is rallying again

About Fermi Inc. Common Stock (FRMI)

  • IPO Date 2025-10-01
  • Website http://www.fermiamerica.com
  • Industry Regulated Electric
  • CEO Toby R. Neugebauer
  • Employees 1

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.