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FRMI Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
8.875
Open
8.330
VWAP
8.53
Vol
5.99M
Mkt Cap
5.72B
Low
8.190
Amount
51.09M
EV/EBITDA(TTM)
--
Total Shares
637.57M
EV
6.27B
EV/OCF(TTM)
--
P/S(TTM)
--
Fermi Inc. is an advanced energy and hyperscale development company purpose-built for the artificial intelligence (AI) era. The Company is engaged in the development of electric grids that deliver highly redundant power at a gigawatt scale, required to create artificial intelligence. Situated on a 5,236-acre site in Amarillo, Texas, Project Matador is secured by the Company pursuant to the Lease on land owned by the Texas Tech University System. Project Matador is designed to accommodate up to 6.0 gigawatt (GW) of nuclear capacity via 4.0 GW of bifurcated Westinghouse Reactors and 2.0 GW of small nuclear reactor (SMRs). Its HyperRedundant site is strategically located adjacent to natural gas fields in the United States that is within a high-radiance solar corridor, well-positioned for advanced nuclear development and supportive of multiple energy pathways including near-term natural gas power development.
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Events Timeline

(ET)
2026-06-18
12:30:00
Fermi Stock Rises 13.8% to $9.86
select
2026-06-10 (ET)
2026-06-10
14:30:00
OpenAI Plans IPO Next Year and Leases 10GW Data Center
select
2026-06-10
13:50:00
Fermi Shares Rise 26% on OpenAI Data Center Plans
select

News

Newsfilter
9.0
06-22Newsfilter
PinnedFermi Urges Shareholders to Revoke Consent Cards Amid Leadership Dispute
  • Shareholder Action Call: Fermi Inc. strongly urges all shareholders to sign and return the WHITE Consent Revocation Card in opposition to former CEO Toby Neugebauer's proposal to call a Special Meeting, which could jeopardize shareholder value.
  • Positive Market Reaction: Since Neugebauer's termination, Fermi's stock price has increased by 45%, indicating market trust in the new management team and the Project Matador strategy, reflecting shareholder support for the company's future.
  • Strategic Partnership Progress: Fermi is actively engaging with 7 tenants and 12 potential strategic partners, demonstrating substantial progress in attracting premier tenants and enhancing market competitiveness, further solidifying its position in the AI economy.
  • Leadership Stability: The Fermi Board has successfully retained a highly qualified Interim CFO and made significant progress in the search for a permanent CEO, ensuring leadership and strategic direction at a critical juncture for the company.
PRnewswire
9.0
06-22PRnewswire
Fermi Urges Shareholders to Revoke Consent Cards Amid Leadership Controversy
  • Shareholder Action Call: Fermi Inc. strongly urges all shareholders to sign and return the WHITE Consent Revocation Card in response to former CEO Toby Neugebauer's consent solicitation, ensuring that corporate governance remains intact and shareholder value is preserved.
  • Management Confidence Rebuilding: Following an 80% stock price decline during the previous CEO's tenure, Fermi's new management team has regained market trust by executing a 90-day plan, demonstrating the company's unique advantages and accelerated progress in the AI economy.
  • Leadership Contest Risk: Neugebauer's attempt to convene a Special Meeting to replace the Board and management poses a risk of a quick sale of the company, which could harm other shareholders' interests as his shares were acquired at a negligible cost.
  • Legal Support Strengthening: Fermi has engaged Paul, Weiss, Rifkind, Wharton & Garrison LLP and other legal advisors to address Neugebauer's legal challenges, ensuring stability and growth for the company at this critical juncture.
Fool
8.5
06-17Fool
Fermi Shares Surge on Speculation of OpenAI Partnership
  • Stock Volatility: Fermi's shares surged as much as 16.5% on Wednesday, closing with an 8.7% gain despite a broader market sell-off, indicating investor interest in its future potential.
  • Project Development: The company is constructing the Matador AI data center in West Texas, aiming to deliver 1.5GW of power by 2027, with a long-term goal of 17GW by 2038, although it has yet to secure any customer contracts.
  • Customer Speculation: A rumor from JMP Securities suggested that OpenAI might become a customer for the Matador project, which contributed to the stock's rally, but no formal agreement exists, prompting caution among investors.
  • Internal Power Struggle: There is an ongoing power struggle within Fermi's board, with the former CEO controlling a significant stake and attempting to regain control, which could impact the company's strategic direction and investor confidence.
NASDAQ.COM
8.5
06-17NASDAQ.COM
Fermi's Matador Data Center Project Gains Attention
  • Project Potential: Fermi's Matador data center project is projected to ultimately reach 17 GW of power output, attracting interest from OpenAI, which could provide Fermi with new customers and revenue streams despite currently lacking signed agreements.
  • Stock Volatility: Following rumors of OpenAI potentially becoming a Matador customer, Fermi's stock surged by 16.5% on Wednesday, settling at an 8.7% gain, indicating market optimism about the project even as broader markets declined.
  • Management Turmoil: Fermi experienced the resignation of its CEO and CFO in April, highlighting a lack of execution in attracting customers, while ongoing power struggles within the company may impact its strategic direction and stability.
  • Investment Risks: Despite the significant potential of the Matador project, its construction requires substantial capital investment, and the internal power struggles along with the absence of client agreements render Fermi's stock highly speculative for long-term investors.
stocktwits
9.0
06-17stocktwits
Fermi Inc Shareholder Warns of Management Risks
  • Shareholder Warning: Former CEO Toby Neugebauer issued an open letter cautioning that the current board and management could destroy shareholder value, urging shareholders to support John Sellers as Chairman and CEO to drive necessary strategic changes.
  • Stock Surge: Fermi Inc (FRMI) saw its stock price rise over 14%, reaching its highest level in three months, indicating strong market expectations for leadership changes, with Neugebauer stating on social media that the market wants the board to collaborate with him to enhance shareholder value.
  • Strategic Partnership Opportunities: Neugebauer highlighted that several major technology investors have shown interest in Fermi's assets but have been unable to engage meaningfully, stressing the need for the company to connect with key strategic partners to ensure long-term success.
  • Management Crisis: Fermi recently filed a statement with the SEC to block Neugebauer from conducting a special meeting, accusing him of actions that disrupted operations and led to the departure of nine senior employees, indicating a significant risk to the company's stability.
seekingalpha
2.0
06-17seekingalpha
Fermi Stock Rises 13.4%, Extending Nearly 60% Rally
  • Strong Stock Rebound: Fermi (FRMI) rose 13.4% in Wednesday's trading, extending its rally to nearly 60% over six consecutive sessions, primarily driven by positive market reactions to commentary linking OpenAI to major data center capacity opportunities.
  • Project Progress On Track: Fermi announced it is on track to deliver approximately 1.1 GW of new power at its low-carbon and hyperscale campus in Amarillo, Texas, by year-end, with a long-term goal to scale up to 17 GW by 2038, showcasing its ambitions in the renewable energy sector.
  • Leadership Change Impact: Founder and major shareholder Toby Neugebauer's endorsement of John Sellers, co-CEO of Double Eagle Energy III, as chairman and CEO may be viewed by investors as an upgrade in governance and execution following recent leadership turmoil.
  • Enhanced Financing Support: Fermi recently secured about $785 million in new equipment financing, including a $500 million facility from MUFG, although it still needs to transition the capital-intensive Matador project into a contracted revenue-generating platform, indicating potential for future growth.
Wall Street analysts forecast FRMI stock price to rise
8 Analyst Rating
Wall Street analysts forecast FRMI stock price to rise
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
20.00
Averages
30.25
High
37.00
Current: 0.000
sliders
Low
20.00
Averages
30.25
High
37.00
Stifel
Buy
downgrade
$29 -> $17
AI Analysis
2026-06-23
New
Reason
Stifel
Price Target
$29 -> $17
AI Analysis
2026-06-23
New
downgrade
Buy
Reason
Stifel lowered the firm's price target on Fermi to $17 from $29 and keeps a Buy rating on the shares. Following months of uncertainty since the IPO, Fermi has apparently made progress in the background, but the ongoing wait for a firm contract with an initial tenant has "clearly delayed the story and rattled our valuation," says the analyst, who is updating the firm's forecasts. Fermi remains "a high-risk, high-reward, pre-revenue story," the analyst tells investors.
Evercore ISI
Nicholas Amicucci
Outperform -> In Line
downgrade
$20 -> $11
2026-05-15
Reason
Evercore ISI
Nicholas Amicucci
Price Target
$20 -> $11
2026-05-15
downgrade
Outperform -> In Line
Reason
Evercore ISI analyst Nicholas Amicucci downgraded Fermi to In Line from Outperform with a price target of $11, down from $20. The analyst says the downgrade is \"not a rejection of the long-term scarcity value of Project Matador,\" or the broader power-demand thesis, but reflects a changed underwriting standard. Fermi 2.0 is \"credible evidence that a reset has begun, but it is not yet proof that the reset has worked,\" the analyst tells investors.
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Valuation Metrics

The current forward P/E ratio for Fermi Inc (FRMI.O) is 0.00, compared to its 5-year average forward P/E of --. For a more detailed relative valuation and DCF analysis to assess Fermi Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
Current PE
0.00
Overvalued PE
Undervalued PE

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
Undervalued EV/EBITDA

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
4.99
Current PS
3.74
Overvalued PS
7.63
Undervalued PS
2.35

Financials

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Whales Holding FRMI

P
Pentwater Capital Management LP
Holding
FRMI
+7.94%
3M Return
O
OpenArc Corporate Advisory, LLC
Holding
FRMI
+3.75%
3M Return

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Frequently Asked Questions

What is Fermi Inc (FRMI) stock price today?

The current price of FRMI is 8.535 USD — it has decreased -4.85

What is Fermi Inc (FRMI)'s business?

Fermi Inc. is an advanced energy and hyperscale development company purpose-built for the artificial intelligence (AI) era. The Company is engaged in the development of electric grids that deliver highly redundant power at a gigawatt scale, required to create artificial intelligence. Situated on a 5,236-acre site in Amarillo, Texas, Project Matador is secured by the Company pursuant to the Lease on land owned by the Texas Tech University System. Project Matador is designed to accommodate up to 6.0 gigawatt (GW) of nuclear capacity via 4.0 GW of bifurcated Westinghouse Reactors and 2.0 GW of small nuclear reactor (SMRs). Its HyperRedundant site is strategically located adjacent to natural gas fields in the United States that is within a high-radiance solar corridor, well-positioned for advanced nuclear development and supportive of multiple energy pathways including near-term natural gas power development.

What is the price predicton of FRMI Stock?

Wall Street analysts forecast FRMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRMI is30.25 USD with a low forecast of 20.00 USD and a high forecast of 37.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Fermi Inc (FRMI)'s revenue for the last quarter?

Fermi Inc revenue for the last quarter amounts to -166.24M USD, increased 213496.12

What is Fermi Inc (FRMI)'s earnings per share (EPS) for the last quarter?

Fermi Inc. EPS for the last quarter amounts to -7345000.00 USD, increased 15761.53

How many employees does Fermi Inc (FRMI). have?

Fermi Inc (FRMI) has 35 emplpoyees as of June 24 2026.

What is Fermi Inc (FRMI) market cap?

Today FRMI has the market capitalization of 5.72B USD.