FRMI
Fermi Inc. Common Stock NASDAQ Listed Oct 1, 2025$9.64
+11.32%
vs $8.66
Mkt Cap $6.1B
52w Low $4.47
15.9% of range
52w High $36.99
50d MA $5.98
200d MA $11.75
P/E (TTM)
-7.7x
EV/EBITDA
—
P/B
4.1x
Debt/Equity
0.1x
ROE
-44.4%
P/FCF
-6.7x
RSI (14)
69.70
ATR (14)
$0.67
Beta
4.59
50d MA
$5.98
200d MA
$11.75
Avg Volume
18.6M
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 ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 10, 2025 | BMO | -0.02 | -0.84 | -3569.7% | 25.31 | -6.2% | -13.4% | -0.7% | -19.6% | +4.5% | +0.3% | — |
| 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 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 · 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
Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Ubs Group Ag | 8,917,198 | $52M | Added | Mar 2026 |
| 2 | Citadel Advisors Llc | 6,221,706 | $36M | Added | Mar 2026 |
| 3 | Barclays Plc | 3,025,437 | $18M | Added | Mar 2026 |
| 4 | Captrust Financial Advisors | 1,586,758 | $9M | New | Mar 2026 |
| 5 | Alyeska Investment Group, L.p. | 1,582,857 | $9M | New | Mar 2026 |
| 6 | M&g Plc | 1,471,157 | $9M | Reduced | Mar 2026 |
| 7 | Renaissance Technologies Llc | 1,403,700 | $8M | Added | Mar 2026 |
| 8 | Susquehanna International Group, Llp | 1,382,455 | $8M | Added | Mar 2026 |
| 9 | Point72 Asset Management | 1,245,612 | $7M | Reduced | Mar 2026 |
| 10 | Boston Partners | 1,101,977 | $6M | Reduced | Mar 2026 |
| 11 | Openarc Corporate Advisory, Llc | 1,100,000 | $6M | — | Mar 2026 |
| 12 | D.e. Shaw & Co | 828,358 | $5M | Added | Mar 2026 |
| 13 | Morgan Stanley | 594,258 | $5M | New | Dec 2025 |
| 14 | Anson Funds Management Lp | 705,344 | $4M | — | Mar 2026 |
| 15 | Tudor Investment Corp | 660,734 | $4M | New | Mar 2026 |
| 16 | Two Sigma Investments, Lp | 569,050 | $3M | Reduced | Mar 2026 |
| 17 | Bank Of America Corp /de/ | 494,637 | $3M | New | Mar 2026 |
| 18 | Fmr Llc | 404,291 | $2M | Added | Mar 2026 |
| 19 | Jane Street Group, Llc | 294,350 | $2M | New | Dec 2025 |
| 20 | Gotham Asset Management | 357,165 | $2M | Added | Mar 2026 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$6.15B
Enterprise Value
$3.75B
P/E (TTM)
-7.66x
Forward P/E
136.16x
PEG Ratio
0.00x
P/B
4.12x
P/S
—
P/FCF
-6.72x
EV/EBITDA
—
Shares Out
468.0M
Financials (TTM)
Revenue
$0
Net Income
-$486.4M
EBITDA
-$177.8M
Free Cash Flow
-$603.5M
Op Cash Flow
-$34.2M
EPS Basic
$-1.13
EPS Diluted
$-1.13
EPS Forward
$0.07
Gross Margin
0.0%
Op Margin
0.0%
Net Margin
0.0%
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
-5.3%
1M
+36.1%
3M
-30.0%
6M
-57.7%
12M
-78.5%
Technicals
52W High
$36.99
52W Low
$4.47
50d MA
$5.98
200d MA
$11.75
RSI (14)
69.70
ATR (14)
$0.67
Beta
4.59
Avg Volume
18.6M
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