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FRMI

Fermi Inc

FRMI

Market cap $3.19B

4.98 USD

+0.03

0.61%

At close Updated Sep 18, 4:00 PM EDT

Pre-market

After hours

5.07

+0.09

1.81%

1 day

0.61%

5 days

-5.68%

1 month

-13.24%

3 months

-47.58%

6 months

-33.24%

Year to date

-43.54%

1 year

-84.69%

5 years

-84.69%

10 years

-84.69%

About: Fermi Inc develops next-generation private electric grids that deliver redundant power at gigawatt scale to support next-generation intelligence and AI compute. It combines cutting-edge technology with a deep bench of world-class, multidisciplinary leaders with a combined 25 GW of experience to create one of the world's 17 GW next-gen private grids, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's combined-cycle natural gas project, one of the clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and computing.

Employees: 35

Real Estate Specialty REIT

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 16.3%

Neutral 67.4%

Negative 16.3%

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

Court denies all three of the former CEO's requests for a temporary restraining order, including requests to block the Board's bylaw amendments and the nomination deadline for Fermi's 2026 Annual Meeting Court holds that Texas law expressly permits bylaws the Board adopted in May 2026, contrary to the former CEO's claim that they were facially invalid The former CEO swore under penalty of perjury that the facts stated in his complaint were "true and correct" — three days after his own press release stated facts directly to the contrary, and one day before his attorney conceded his complaint was inaccurate at the hearing Court finds no sufficient factual showing of fraud or improper purpose; the Court did not order any discovery DALLAS, Sept. 17, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ:FRMI) (LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced that the Business Court of Texas has denied each of three requests for a temporary restraining order sought by the Company's former chief executive officer and his investment vehicle.

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

Fermi Founder Parties File Formal Proposal for Independent Strategic Review of Extraordinary Transactions, Press Board on Restoring Texas-Style Governance Ahead of October 30 Annual Meeting

Toby Neugebauer says the Board must act quickly to restore stakeholder confidence. Shares down roughly 20% since Board announced they had met all 90-day objectives on August 13, 35% since the Board removed the choice of a dual-path strategic process on July 2, and 20% since the Board removed Neugebauer as CEO on April 17.

Fermi Founder Parties File Formal Proposal for Independent Strategic Review of Extraordinary Transactions, Press Board on Restoring Texas-Style Governance Ahead of October 30 Annual Meeting

I Don't Need A Data Center In My Backyard; I Already Own Hundreds Of Them

Data centers face soaring AI-driven demand amid mounting barriers to new supply, creating a scarcity effect and widening moats for established platforms. Digital Realty, Equinix, and Iron Mountain are industry leaders, but current valuations appear rich; I recommend waiting for a pullback. New entrants like Blackstone Digital Infrastructure Trust and Fermi America offer differentiated strategies, but BXDC lacks operating history and FRMI remains high-risk, pre-revenue.

I Don't Need A Data Center In My Backyard; I Already Own Hundreds Of Them

Fermi: Hyper Moore's Law For Power May Dwarf The Governance Issues

Fermi Inc. is rated Strong Buy, with a transformative tenant deal and major project catalysts sharply improving its risk-reward profile. FRMI's turbine and permit capacity position it to capture surging AI compute demand. Governance drama has eased, and Fermi 2.0 delivered, opening the path for further tenant signings and a re-rating.

Fermi: Hyper Moore's Law For Power May Dwarf The Governance Issues

Rick Perry's Fermi Finally Finds a Customer for Its Giant Texas AI Power Bet

The startup, which went public in a splashy IPO last year, also named a new CEO following months of legal and C-suite turmoil.

Rick Perry's Fermi Finally Finds a Customer for Its Giant Texas AI Power Bet

The Motley Fool

Why Fermi Stock Is Down 10% Today

Fermi reported zero revenue for the fourth consecutive quarter, missing analyst estimates of $72 million to $148 million. The company is still in pre-revenue mode while burning borrowed cash on massive construction projects.

Why Fermi Stock Is Down 10% Today

Fermi Inc. (FRMI) Q2 2026 Earnings Call Transcript

Fermi Inc. (FRMI) Q2 2026 Earnings Call Transcript

Fermi Inc. (FRMI) Q2 2026 Earnings Call Transcript

Fermi Q2 Earnings Call Highlights

Fermi NASDAQ: FRMI said it completed each of the five priorities outlined in its prior 90-day plan, including signing a binding customer agreement for up to 650 megawatts of capacity, strengthening its balance sheet and advancing construction and partnership efforts at its Project Matador campus.

Fermi Q2 Earnings Call Highlights

24/7 Wall Street

Fermi Lands Its First Anchor Customer And Names A CEO As Project Matador Moves To Construction

Fermi (NASDAQ: FRMI | FRMI Price Prediction) reported Q2 2026 results before the open, and the numbers were beside the point.

Fermi Lands Its First Anchor Customer And Names A CEO As Project Matador Moves To Construction

Fermi Stock Rises on Earnings. The Big Stock Move Already Happened This Week.

Fermi posts a net loss of 4 cents a share in the second quarter, wider than a year ago. The stock has risen this week following a big announcement Monday.

Fermi Stock Rises on Earnings. The Big Stock Move Already Happened This Week.

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