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Fermi

FRMI · NASDAQ

$2.94−$0.08 (−2.65%)TodayMarket closed ·
Prev close $3.02

About FRMI

Fermi, Inc. engages in the development of energy infrastructure. The company is headquartered in Amarillo, Texas and currently employs 35 full-time employees. The company went IPO on 2025-10-01. The firm 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.

Employees
35
Headquarters
Amarillo, Texas
Listed
Oct 1, 2025
Sector
Real Estate
Industry
Specialized REITs
Website
fermiamerica.com

FRMI key statistics

Market cap
1.89B
Price-earnings ratio
0.00
Dividend yield
—
Average volume
21.91M
Volume
12.78M
Open price
$2.92
High today
$3.10
Low today
$2.87
52 Week high
$30.90
52 Week low
$2.97

Fermi (FRMI) at a glance

As of Oct 20, 2026, Fermi (FRMI) shares are priced at $2.94, giving the company a market cap of 1.89B and a price-to-earnings ratio of 0.00.

Today the stock has traded between $2.87 and $3.10. The current price is 2.4% above the day's low and 5.0% below its high.

Volume so far is 12.78M shares, below the average of 21.91M shares a day.

Over the past year Fermi has ranged from $2.97 to $30.90, and now sits 0% of the way up that range.

Fermi met or beat analyst EPS estimates in 1 of the last 4 quarters. In Q2 FY26 it reported -$0.04 per share against an estimate of -$0.0724.

The average analyst price target is $17.03, 479.4% above the current price, from 10 recent ratings.

Analyst ratings

Latest rating from each analyst over the past 12 months

90%of 10 analyst ratings say Buy
  • Buy90.0%
  • Hold10.0%
  • Sell0.0%
Price target · 12 analystsAvg $17.03
Low
$6.06
Now
$2.94
High
$36.75

FRMI earnings

Earnings per share, reported against the analyst estimate

Beat the estimate in 1 of the last 4 quarters, by 44.8% on average.

  1. Q3 FY25: reported -$0.08 per share against an estimate of -$0.0306
  2. Q4 FY25: reported -$0.18 per share against an estimate of -$0.0167
  3. Q1 FY26: reported -$0.26 per share against an estimate of -$0.0493
  4. Q2 FY26: reported -$0.04 per share against an estimate of -$0.0724

FRMI news

  • Akanksha Bakshi

    What's Going On With Fermi Stock Friday?

  • Lekha Gupta

    Fermi Secures AMD Backing For Texas AI Project

  • Avi Kapoor

    Crude Oil Edges Higher; Citigroup Earnings Top Views

  • Piero Cingari

    Stock Market Today: S&P 500 Slips as Oil Spikes 5%, 10-Year Yields Near 5.35%

  • Piero Cingari

    Stock Market Today: S&P 500 Slips as Micron Fails to Impress, 10-Year Yields Ease to 5.25%

  • Avi Kapoor

    Jim Cramer: This Real Estate Company 'Should Never' Have Gone Public

  • Press releasePRNewswire

    Toby Neugebauer Sues Three Fermi Directors, Alleging a Coordinated Effort to Take Control of Company and Disenfranchise Fermi Shareholders According to the Complaint

  • Press releasePRNewswire

    Texas Business Court Denies Former CEO's Request for Emergency Relief Against Fermi's Board

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.