Fermi (FRMI) Stock Overview
Engages in the development of private power campus for AI-centric customers in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 6/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
FRMI Community Fair Values
Create NarrativeSee what 29 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Fermi Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$5.12 |
| 52 Week High | US$36.99 |
| 52 Week Low | US$4.47 |
| Beta | 0 |
| 1 Month Change | 3.64% |
| 3 Month Change | -36.00% |
| 1 Year Change | n/a |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -84.26% |
Recent News & Updates
Gas Power Permits And Tenant Delays Will Eventually Support Large Scale AI Infrastructure
Catalysts About Fermi Fermi develops and finances large scale power and data center infrastructure to serve energy intensive computing and artificial intelligence customers. What are the underlying business or industry changes driving this perspective?After Dropping 80%, Fermi Is Still Not Worth It
Summary Fermi has declined 80% post-IPO yet remains significantly overvalued relative to its asset base and lack of operating business. Asset value is estimated at $1.1B, well below the current $3B market cap, with no revenue and the initial major tenant backing out. CEO and CFO departures further diminish Fermi’s intangible value, compounding execution risk and undermining the company's core vision. Despite high data center demand, Fermi faces steep competition from established REITs and utilities, making its bull case unlikely and the stock unattractive. Read the full article on Seeking AlphaRecent updates
Gas Power Permits And Tenant Delays Will Eventually Support Large Scale AI Infrastructure
Catalysts About Fermi Fermi develops and finances large scale power and data center infrastructure to serve energy intensive computing and artificial intelligence customers. What are the underlying business or industry changes driving this perspective?After Dropping 80%, Fermi Is Still Not Worth It
Summary Fermi has declined 80% post-IPO yet remains significantly overvalued relative to its asset base and lack of operating business. Asset value is estimated at $1.1B, well below the current $3B market cap, with no revenue and the initial major tenant backing out. CEO and CFO departures further diminish Fermi’s intangible value, compounding execution risk and undermining the company's core vision. Despite high data center demand, Fermi faces steep competition from established REITs and utilities, making its bull case unlikely and the stock unattractive. Read the full article on Seeking Alpha
Surging AI Power Demand And Scarce Grid Capacity Will Support Long Term Tenant Contracts
Catalysts About Fermi Fermi is building a large scale private power grid and related infrastructure to supply electricity to energy intensive tenants such as data centers and chip ecosystem players. What are the underlying business or industry changes driving this perspective?
Large Scale AI Power Infrastructure Will Transform Long Term Cash Flows And Tenant Demand
Catalysts About Fermi Fermi develops large scale power and data infrastructure to support tenants focused on artificial intelligence and high intensity computing. What are the underlying business or industry changes driving this perspective?Shareholder Returns
| FRMI | US Specialized REITs | US Market | |
|---|---|---|---|
| 7D | -0.2% | 1.6% | 3.2% |
| 1Y | n/a | 4.0% | 31.0% |
Return vs Industry: Insufficient data to determine how FRMI performed against the US Specialized REITs industry.
Return vs Market: Insufficient data to determine how FRMI performed against the US Market.
Price Volatility
| FRMI volatility | |
|---|---|
| FRMI Average Weekly Movement | 16.2% |
| Specialized REITs Industry Average Movement | 3.7% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: FRMI's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: FRMI's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2025 | 35 | n/a | www.fermiamerica.com |
Fermi Inc. engages in the development of private power campus for AI-centric customers in the United States. The company also develops, owns, and leases grid-independent energy generation and high-performance computing campuses; develops and operates integrated power generation and computing infrastructure. It also engages in acquisition of land, permitting, construction, and long-term leases.
Fermi Inc. Fundamentals Summary
| FRMI fundamental statistics | |
|---|---|
| Market cap | US$3.50b |
| Earnings (TTM) | -US$529.76m |
| Revenue (TTM) | n/a |
Is FRMI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FRMI income statement (TTM) | |
|---|---|
| Revenue | US$0 |
| Cost of Revenue | US$0 |
| Gross Profit | US$0 |
| Other Expenses | US$529.76m |
| Earnings | -US$529.76m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.84 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | 10.0% |
How did FRMI perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 22:48 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fermi Inc. is covered by 12 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Fisher | Berenberg |
| Brett Knoblauch | Cantor Fitzgerald & Co. |
| Derek Soderberg | Cantor Fitzgerald & Co. |