Fermi Inc. (FRMI)

Real Estate · Data Center Infrastructure & Power Development · NASDAQ

Fermi is a infrastructure developer building massive, private-grid powered campuses specifically designed for the energy-intensive needs of hyperscale AI.

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What Fermi Inc. does

Fermi Inc. is a development-stage company focused on building and leasing large-scale, private-grid powered infrastructure for hyperscale AI computing. Its flagship Project Matador in Texas is designed to deliver up to 17 GW of integrated energy generation—including natural gas, solar, and planned nuclear—to support AI-ready data center capacity. The company aims to provide a complete energy and site infrastructure platform tailored to the high-reliability needs of the artificial intelligence sector.

Themes: AI infrastructure, data center development, utility-scale energy, private power grid, hyperscale computing

Fundamentals

Price$5.92 as of 2026-08-21 close
Market cap$3.8B as of 2026-08-21
P/En/a earnings data not available
ROE-44.4% as of 2026-08-24
Debt / equity0.39 as of 2026-08-24
Beta1.91 as of 2026-08-24
Last reported earnings2026-08-13 SEC EDGAR Form 8-K (Item 2.02)

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How FRMI compares in its sector

return on equitybottom 10% 162 covered Real Estate peers, as of 2026-08-24
free cash flow (absolute dollars, latest fiscal year)bottom 10% 42 covered Real Estate peers, as of FY2025

Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.

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Analyst consensus

Consensus ratingBuy (1.63 mean, 1=Strong Buy…5=Strong Sell) — 8 analysts
Mean price target$17.13 range $6.00 – $35.00; median $13.50

Analyst estimates, as of 2026-08-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.

Analyst EPS estimate for FRMI

Consensus EPS estimate-$0.06938 next reporting period, as of 2026-08-21

Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.

The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.

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Key risks (from latest filing)

["Highly dependent on the successful, on-schedule, and cost-effective development of the single-site Project Matador.","Extensive capital requirements and reliance on access to project financing and capital markets for a company with no operating revenue to date.","Significant regulatory, permitting, and environmental risks associated with large-scale power generation, including nuclear and gas-fired assets."]

See FRMI's biggest risks from its latest 10-Q →

Insider activity (SEC Form 4)

0 open-market purchases and 3 open-market sales by insiders in the last 90 days.

Last 90 days0 buys · 3 sells ($7M) — 2 selling insiders
Last 180 days0 buys · 7 sells ($15M) — 4 selling insiders

Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)

Most recent open-market transaction: 2026-06-30. As of 2026-08-24.

View full insider trading history → View SEC Form 3/4/5 filings

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Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.

Institutional ownership (13F)

6 institutional 13F filers reported holding FRMI as of 2026-03-31 (quarter-end position, filed within 45 days).

Distinct 13F filers 6
Reported shares held 14,789,752
Reported value $86,372,152

reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 5 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".

Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.

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Short interest (FINRA)

FRMI had 47,141,154 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).

FRMI had 7.36% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.61 days to cover at the same settlement.

Reported short interest (shares) 47,141,154
Short interest (% of shares outstanding) 7.36%
Prior settlement (shares) 42,495,877
Reported change 10.93%
Days to cover (reported) 2.61

Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.

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Competitors & peers

AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.

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Frequently asked questions

What does Fermi Inc. (FRMI) do?

What sector is Fermi Inc. (FRMI) in?

Fermi Inc. (FRMI) is classified in the Real Estate sector. Its industry is Data Center Infrastructure & Power Development. It trades on NASDAQ.

Who are Fermi Inc.'s (FRMI) competitors?

Notable peers of Fermi Inc. (FRMI) include Digital Realty Trust, Equinix, Iron Mountain, Vistra Corp. and Constellation Energy. This peer set is informational only — not financial advice.

Where does stocks-llm's data on FRMI come from?

Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.

Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-08-21.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.