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Fermi Inc. Stock Price

NasdaqGS:FRMI Community·US$6.1b Market Cap
  • 3 Narratives written by author
  • 0 Comments on narratives written by author
  • 46 Fair Values set on narratives written by author

FRMI Share Price Performance

US$9.49
-23.04 (-70.83%)
US$19.00
Fair Value
US$9.49
-23.04 (-70.83%)
50.1% undervalued intrinsic discount
US$19.00
Fair Value
Price US$9.49
AnalystConsensusTarget US$19.00
AnalystLowTarget US$8.00
AnalystHighTarget US$35.00

FRMI Community Narratives

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Fair Value US$19 50.1% undervalued intrinsic discount

Surging AI Power Demand And Scarce Grid Capacity Will Support Long Term Tenant Contracts

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9users have followed this narrative
·
Fair Value US$8 18.6% overvalued intrinsic discount

Gas Power Permits And Tenant Delays Will Eventually Support Large Scale AI Infrastructure

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1users have followed this narrative
·
Fair Value US$35 72.9% undervalued intrinsic discount

Large Scale AI Power Infrastructure Will Transform Long Term Cash Flows And Tenant Demand

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1users have followed this narrative
US$8
18.6% overvalued intrinsic discount
Profit Margin
62.51%
Future PE
2.53x
Price in 2029
US$0
US$35
72.9% undervalued intrinsic discount
Profit Margin
59.54%
Future PE
8.51x
Price in 2029
US$0

Trending Discussion

Updated Narratives

FRMI logo

FRMI: Future Lease Win At Project Matador Will Drive Repricing

Fair Value: US$19 50.1% undervalued intrinsic discount
9 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
FRMI logo

Gas Power Permits And Tenant Delays Will Eventually Support Large Scale AI Infrastructure

Fair Value: US$8 18.6% overvalued intrinsic discount
1 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
FRMI logo

Large Scale AI Power Infrastructure Will Transform Long Term Cash Flows And Tenant Demand

Fair Value: US$35 72.9% undervalued intrinsic discount
1 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative

Snowflake Analysis

Exceptional growth potential and fair value.

3 Risks
2 Rewards

Fermi Inc. Key Details

US$0

Revenue

US$0

Cost of Revenue

US$0

Gross Profit

US$718.4m

Other Expenses

-US$718.4m

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
n/a
-1.13
0%
0%
39.3%
View Full Analysis

About FRMI

Founded
2025
Employees
35
CEO
n/a
WebsiteView website
www.fermiamerica.com

Fermi Inc. develops next-gen private electric grids that deliver highly redundant power at gigawatt scale to support next-gen intelligence and AI computing. Fermi Inc combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 gigawatts of experience, to create the world's largest, up to 17 gigawatts next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing. The company was founded and incorporated on January 10th, 2025 is headquartered in Amarillo, Texas, USA.

Recent FRMI News & Updates

Seeking Alpha 11h

Fermi: Hyper High Risk, Hyper High Reward

Summary Fermi offers a highly speculative but potentially massive upside, targeting AI infrastructure via a REIT model with a 17 GW power campus in Texas. FRMI trades at 16x forward P/FFO, but true value hinges on flawless execution, rapid ramp-up, and securing major AI clients like OpenAI. Projected 2028 revenues of $4.5B and FFO of $2–2.5B could yield a 2x forward P/FFO, but execution, financing, and client acquisition risks remain acute. I rate FRMI a buy only for risk-tolerant portfolios, with a suggested allocation cap of 4% at most, due to extreme volatility and execution uncertainty. Read the full article on Seeking Alpha
Narrative Update Jun 26

FRMI: Future Lease Win At Project Matador Will Drive Repricing

The analyst price target for Fermi has been cut from $23.11 to $19.00 as analysts factor in continued contract timing uncertainty and recent target reductions from $29 to $17 and from $20 to $11, even as they acknowledge potential upside if a large initial lease is secured. Analyst Commentary Recent research on Fermi highlights a split between optimism around its potential data center leases and caution around execution risk, reflected in the series of reduced price targets and rating changes.

Recent updates

No updates