FRMI
Fermi Inc. Common Stock NASDAQ Listed Oct 1, 2025$4.95
After hrs
$4.94
-0.20%
Mkt Cap $2.3B
52w Low $4.63
1.1% of range
52w High $32.53
50d MA $5.96
200d MA $7.57
P/E (TTM)
-3.6x
EV/EBITDA
—
P/B
2.1x
Debt/Equity
0.1x
ROE
-44.4%
P/FCF
-3.8x
RSI (14)
42.40
ATR (14)
$0.34
Beta
4.59
50d MA
$5.96
200d MA
$7.57
Avg Volume
18.1M
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.
600 S. Tyler St., Suite 1501, Amarillo, TX 79101, USA · Amarillo, TX 79101 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 13, 2026 | BMO | -0.05 | -0.04 | +12.1% | 7.60 | -6.6% | -13.2% | -3.0% | -4.1% | -6.5% | +0.3% | — |
| May 14, 2026 | BMO | -0.03 | -0.30 | -784.3% | 6.00 | +6.5% | +22.8% | -11.7% | +0.6% | -10.4% | +3.6% | — |
| Mar 30, 2026 | BMO | -0.01 | -0.26 | -2526.7% | 5.36 | +0.7% | +9.0% | -8.0% | -0.2% | -4.3% | -3.7% | — |
| Nov 11, 2025 | BMO | -0.02 | -0.84 | -3569.7% | 25.31 | -6.2% | -13.4% | -0.7% | -19.6% | +4.5% | +0.3% | — |
| Nov 10, 2025 | BMO | -0.02 | -0.84 | -3569.7% | 25.31 | -6.2% | -13.4% | -0.7% | -19.6% | +4.5% | +0.3% | — |
| Sep 3, 2025 | BMO | -0.02 | -0.01 | +68.2% | — | — | — | — | — | — | — | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 15 | Evercore ISI | Downgrade | Outperform → In-line | $11 | $7.37 | $6.66 | -9.6% | -11.7% | +0.6% | -10.4% | +3.6% | -0.3% |
| May 5 | UBS | Downgrade | Buy → Neutral | $6 | $5.07 | $5.07 | +0.0% | -2.6% | +12.6% | -7.9% | +2.1% | +2.7% |
| Apr 20 | Macquarie | Maintains | Outperform → Outperform | — | $6.55 | $5.27 | -19.5% | -17.6% | -6.3% | +15.8% | +1.0% | -8.8% |
| Apr 1 | Macquarie | Maintains | Outperform → Outperform | — | $5.84 | $5.88 | +0.7% | -8.0% | -0.2% | -4.3% | -3.7% | -2.8% |
| Apr 1 | UBS | Maintains | Buy → Buy | — | $5.84 | $5.88 | +0.7% | -8.0% | -0.2% | -4.3% | -3.7% | -2.8% |
| Feb 9 | Macquarie | Maintains | Outperform → Outperform | — | $8.00 | $8.13 | +1.6% | +8.6% | +8.2% | +1.3% | -2.7% | +11.1% |
| Nov 12 | Macquarie | Maintains | Outperform → Outperform | — | $21.91 | $22.31 | +1.8% | -0.7% | -19.6% | +4.5% | +0.3% | +0.1% |
| Date | Insider | Title | Type | Shares | Price | Value | Owned After | D1% | D5% |
|---|---|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | Perry James RichardDir | — | Sell | 863,637 | $7.31 | $6.3M | 15,827,807 | +1.86% | -9.97% |
| Jun 3, 2026 | Uzman MesutOff | Chief Nuclear Constr. Officer | Sell | 79,509 | $6.31 | $502K | 670,491 | -6.47% | +0.87% |
| Jun 3, 2026 | Uzman MesutOff | Chief Nuclear Constr. Officer | Sell | 79,032 | $6.31 | $499K | 670,968 | -6.47% | +0.87% |
8-K · 8.01
!! High
Fermi Inc. -- 8-K 8.01: Material Event / Announcement
Aug 31
8-K · 5.02
!!! Very High
Fermi Inc. -- 8-K 5.02: Executive Change
Aug 14
8-K · 2.02
!! High
Fermi Inc. -- 8-K 2.02: Earnings Results
Fermi Inc. reported earnings results in its 8-K filing, with the full earnings release available as an exhibit for investor review of operational and financial performance.
Aug 13
8-K · 3.02
!! High
Fermi Inc. -- 8-K 3.02: Unregistered Securities Offering
Jul 15
8-K · 5.02
!!! Very High
Fermi Inc. -- 8-K 5.02: Executive Change
Fermi Inc. loses director Miles Everson due to his resignation, potentially affecting board oversight and governance structure.
Jul 13
8-K · 7.01
! Medium
Fermi Inc. -- 8-K 7.01: Regulation FD Disclosure
Jul 9
8-K · 2.02
!! High
Fermi Inc. -- 8-K 2.02: Earnings Results
May 14
8-K · 5.03
! Medium
Fermi Inc. -- 8-K 5.03: Amendment to Articles / Bylaws
May 14
8-K · 5.02
!!! Very High
Fermi Inc. -- 8-K 5.02: Executive Change
Fermi Inc. appointed Larry Kellerman and Melissa A. Neugebauer as Class III directors, expanding board oversight and potentially signaling new strategic direction or governance changes.
May 5
8-K · 5.02
!!! Very High
Fermi Inc. -- 8-K 5.02: Executive Change
Fermi Inc. appointed Robert L. Masson as Interim CFO effective April 29, 2026, signaling potential leadership transition in financial management that investors should monitor for strategic implications.
Apr 30
8-K · 5.02
!!! Very High
Fermi Inc. -- 8-K 5.02: Executive Change
Fermi Inc. appointed Jeffrey S. Stein to its board as a Class II director, potentially bringing new expertise to guide strategic decisions.
Apr 20
8-K · 5.02
!!! Very High
Fermi Inc. -- 8-K 5.02: Executive Change
Fermi Inc. experienced significant executive leadership disruption with both CEO Jacobo Ortiz and CEO Anna Bofa resigning, creating immediate uncertainty regarding strategic direction and operational continuity.
Apr 17
8-K
Unknown — 8-K Filing
I cannot provide a meaningful analysis because the filing excerpt provided contains only signature blocks and document headers without substantive business information about financial performance, strategy changes, or material events.
Mar 30
8-K · 1.01
!! High
Unknown — 8-K 1.01: Material Agreement
FRMI agreed to a material deal with Fermi Turbine Warehouse II LLC, likely expanding turbine storage or logistics capacity, which could drive revenue growth and improve operational efficiency for investors.
Mar 27
8-K · 1.01
! Medium
Fermi Inc. -- 8-K 1.01: Financing / Debt Agreement
Fermi Inc. (FRMI) secured financing through a Master Loan Agreement with Keystone National Group, providing capital access to support operations and growth initiatives.
Feb 25
8-K · 1.01
!! High
Fermi Inc. -- 8-K 1.01: Material Agreement
Fermi Inc. secured equipment financing through Firebird Equipment Holdco, expanding capital access for operational assets without traditional equity dilution or standard debt issuance.
Feb 10
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|---|---|---|---|---|---|
| 1 | Citadel Advisors Llc | 17,174,110 | $157M | Added | Jun 2026 |
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| 7 | Gotham Asset Management, Llc | 3,943,404 | $36M | Added | Jun 2026 |
| 8 | Vanguard Portfolio Management Llc | 3,852,877 | $35M | Added | Jun 2026 |
| 9 | Cetera Investment Advisers | 3,170,950 | $29M | New | Jun 2026 |
| 10 | Vanguard Capital Management Llc | 3,144,803 | $29M | Added | Jun 2026 |
| 11 | Ascentis Wealth Management, Llc | 2,576,584 | $21M | New | Jun 2026 |
| 12 | Two Sigma Investments, Lp | 2,132,185 | $20M | Added | Jun 2026 |
| 13 | Barclays Plc | 3,025,437 | $18M | Added | Mar 2026 |
| 14 | Verition Fund Management Llc | 1,745,934 | $16M | New | Jun 2026 |
| 15 | Value Aligned Research Advisors, Llc | 1,367,995 | $13M | New | Jun 2026 |
| 16 | Walleye Trading Llc | 1,366,393 | $13M | Added | Jun 2026 |
| 17 | Group One Trading Llc | 1,225,687 | $11M | New | Jun 2026 |
| 18 | Renaissance Technologies Llc | 1,217,900 | $11M | Reduced | Jun 2026 |
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| 20 | Captrust Financial Advisors | 1,586,758 | $9M | New | Mar 2026 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$2.32B
Enterprise Value
$2.02B
P/E (TTM)
-3.56x
Forward P/E
69.92x
PEG Ratio
0.00x
P/B
2.11x
P/S
—
P/FCF
-3.84x
EV/EBITDA
—
Shares Out
468.0M
Financials (TTM)
Revenue
$0
Net Income
-$694.5M
EBITDA
-$694.5M
Free Cash Flow
-$603.5M
Op Cash Flow
-$34.2M
EPS Basic
$-1.13
EPS Diluted
$-1.39
EPS Forward
$0.07
Gross Margin
—
Op Margin
—
Net Margin
—
Balance Sheet
Total Assets
$1.41B
Total Liab.
$317.4M
Total Equity
$1.10B
Cash
$408.5M
LT Debt
$109.8M
Book Value/Sh
$2.34
Debt/Equity
0.12x
Current Ratio
2.31
Quick Ratio
2.31
Returns & Growth
ROE
-44.4%
ROA
-34.4%
ROIC
-14.4%
Rev Growth YoY
+0.0%
EPS Growth YoY
—
Price Returns
2W
+3.0%
1M
-22.3%
3M
-44.9%
6M
-39.3%
12M
-85.3%
Technicals
52W High
$32.53
52W Low
$4.63
50d MA
$5.96
200d MA
$7.57
RSI (14)
42.40
ATR (14)
$0.34
Beta
4.59
Avg Volume
18.1M
Dividends
Div Rate
$0.00
Div Yield
—
Frequency
—
Ex-Div Date
—
Analyst Price Targets
Consensus
$8.00
High
$8.00
Low
$8.00
Median
$8.00
Data updated apr 25, 2026 9:56am
· Source: financialmodelingprep.com