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FRMI

Fermi Inc. Common Stock

FRMI

NASDAQ·Real Estate·REIT - Specialty·Mkt cap $3.3B

$5.12

+5.35%

P/E

-3.88

Mkt Cap

$3.3B

52-Wk Range

$4.47–$36.99

52-Week Range

$4.47 - $36.99

P/E

-3.88

Fwd P/E

-12.99

Beta

2.13

Div Yield

0.00%

Avg Vol

18.5M

Shares Out

629.8M

Mkt Cap

$3.3B

Price action

Price chart

Down 84.3% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Leadership team with deep government and energy sector expertise
  • First-mover advantage in AI-focused energy infrastructure
  • Integrated energy and data center campus model
  • Regulatory framework advantages as a regulated utility

Bear Case

1 risk

  • High volatility (beta 2.1). Larger-than-normal price swings expected.

Growth

Stable outlook

Explosive growth in AI data center power demand

Value

Deep value opportunity - significant discount to Electric Utilities peers

Momentum

Weak

-11.4% over 3m

Quality

Loss-making

Below average quality

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 9, 2026

Q3 26 RECAP

AUG 13, 2026

Reported EPS of -$0.04 vs -$0.05 consensus (+12.0% surprise).

EPS beat +12.0%

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+12.0%

Revenue trend · last 6Q

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$0

$0

$0

$0

$0

$0

Margins · last 6Q

No margin history available.

Wall Street consensus

3 analysts · 67% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

67%

Hold

1

33%

Sell

0%

Median Price Target

Latest: Evercore · $11.00 · May 15, 2026

vs Industry

How FRMI stacks vs REIT - Specialty

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.