Fermi Inc. (FRMI)Real Estate | REIT - Specialty | Amarillo, United States | NasdaqGS
5.00 USD
-0.45
(-8.257%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 5.04 +0.04 (0.818%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:16 a.m. EDT
The investment case here is fundamentally broken, making it a dangerous hold despite the recent hype. The company is burning cash with negative operating cash flow and carries a debt load that dwarfs its equity, resulting in a precarious balance sheet. The stock has suffered a catastrophic multi-year decline, dropping from nearly $37 to under $6, which signals that the market has thoroughly rejected the current business model and growth narrative. While the recent news about 'Project Matador' and turbine deliveries has sparked a temporary rally, the underlying fundamentals—negative earnings, massive debt, and a collapsing share price—remain dire. The options market is clearly pricing in a binary event where the stock either doubles or triples, but without a turnaround in profitability or a drastic reduction in leverage, this is a speculative gamble on a potential miracle rather than a sound investment thesis. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.198917 |
| MSTL | 0.297785 |
| AutoETS | 0.299052 |
| AutoARIMA | 0.299061 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 1.43 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.046 |
| Excess Kurtosis | 0.15 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Debt to Equity Ratio | 55.87 |
| Market Cap | 3,202,336,768 |
| Forward P/E | 43.14 |
| Website | https://www.fermiamerica.com |
As of Aug. 22, 2026, 4:16 a.m. EDT: Speculators are aggressively betting on a massive upside move, evidenced by heavy out-of-the-money call open interest at strikes like $15 and $20 for November expiration, suggesting a belief in a multi-bagger scenario. Conversely, put writing is concentrated at lower strikes ($4-$6), creating a floor for downside protection while allowing for significant gamma exposure if the stock rallies. The implied volatility skew shows elevated premiums for deep OTM calls, indicating a high-risk, high-reward speculative positioning rather than a balanced hedge.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.8324623 |
| Address1 | 620 South Taylor Street |
| Address2 | Suite 301 |
| All Time High | 36.99 |
| All Time Low | 4.47 |
| Ask | 5.04 |
| Ask Size | 7 |
| Audit Risk | 10 |
| Average Analyst Rating | 1.6 - Buy |
| Average Daily Volume10 Day | 15,796,110 |
| Average Daily Volume3 Month | 19,665,733 |
| Average Volume | 19,665,733 |
| Average Volume10Days | 15,796,110 |
| Bid | 5.04 |
| Bid Size | 1 |
| Board Risk | 10 |
| Book Value | 1.617 |
| City | Amarillo |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 8 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 5.0 |
| Current Ratio | 1.102 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 5.44 |
| Day Low | 4.97 |
| Debt To Equity | 55.87 |
| Display Name | Fermi |
| Earnings Call Timestamp End | 1,786,626,000 |
| Earnings Call Timestamp Start | 1,786,626,000 |
| Earnings Timestamp | 1,786,624,200 |
| Earnings Timestamp End | 1,794,227,400 |
| Earnings Timestamp Start | 1,794,227,400 |
| Ebitda Margins | 0.0 |
| Enterprise Value | 3,716,188,672 |
| Eps Current Year | -0.3589 |
| Eps Forward | 0.11589 |
| Eps Trailing Twelve Months | -1.34 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 6.9402 |
| Fifty Day Average Change | -1.9401999 |
| Fifty Day Average Change Percent | -0.27955964 |
| Fifty Two Week Change Percent | -83.24623 |
| Fifty Two Week High | 36.99 |
| Fifty Two Week High Change | -31.990002 |
| Fifty Two Week High Change Percent | -0.86482835 |
| Fifty Two Week Low | 4.47 |
| Fifty Two Week Low Change | 0.5300002 |
| Fifty Two Week Low Change Percent | 0.11856829 |
| Fifty Two Week Range | 4.47 - 36.99 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,759,325,400,000 |
| Float Shares | 463,301,270 |
| Forward Eps | 0.11589 |
| Forward P E | 43.144363 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 35 |
| Fullday Change | -0.45 |
| Fullday Change Percent | -8.25688 |
| Fullday Price | 5.0409 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.0 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.4711 |
| Held Percent Institutions | 0.26212 |
| Implied Shares Outstanding | 640,467,348 |
| Industry | REIT - Specialty |
| Industry Disp | REIT - Specialty |
| Industry Key | reit-specialty |
| Ipo Expected Date | 2,025-10-01 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Fermi Inc. develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. The company combines cutting-edge technology with a deep bench of proven world-class multidisciplinary leaders with a combined 25 GW of experience to create one of the world's largest 17 GW next-generation private grids, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's largest 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 incorporated in 2025 is headquartered in Amarillo, Texas. |
| Long Name | Fermi Inc. |
| Market | us_market |
| Market Cap | 3,202,336,768 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1958809245 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -737,894,976 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 3,487,344,709 |
| Number Of Analyst Opinions | 8 |
| Open | 5.41 |
| Operating Cashflow | -87,549,000 |
| Operating Margins | 0.0 |
| Overall Risk | 10 |
| Payout Ratio | 0.0 |
| Phone | 214 894 7855 |
| Post Market Change | 0.04090023 |
| Post Market Change Percent | 0.8180046 |
| Post Market Price | 5.0409 |
| Post Market Time | 1,787,961,563 |
| Previous Close | 5.45 |
| Price Eps Current Year | -13.931457 |
| Price Hint | 4 |
| Price To Book | 3.092146 |
| Profit Margins | 0.0 |
| Quick Ratio | 0.411 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.625 |
| Region | US |
| Regular Market Change | -0.45 |
| Regular Market Change Percent | -8.25688 |
| Regular Market Day High | 5.44 |
| Regular Market Day Low | 4.97 |
| Regular Market Day Range | 4.97 - 5.44 |
| Regular Market Open | 5.41 |
| Regular Market Previous Close | 5.45 |
| Regular Market Price | 5.0 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 18,418,024 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 10 |
| Shares Outstanding | 640,467,348 |
| Shares Percent Shares Out | 0.0769 |
| Shares Short | 49,273,994 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 42,495,877 |
| Short Name | Fermi Inc. |
| Short Percent Of Float | 0.1009 |
| Short Ratio | 2.44 |
| Source Interval | 15 |
| State | TX |
| Symbol | FRMI |
| Target High Price | 35.0 |
| Target Low Price | 6.0 |
| Target Mean Price | 17.125 |
| Target Median Price | 13.5 |
| Total Cash | 62,536,000 |
| Total Cash Per Share | 0.098 |
| Total Debt | 576,387,968 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.34 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 8.4579 |
| Two Hundred Day Average Change | -3.4579 |
| Two Hundred Day Average Change Percent | -0.40883672 |
| Type Disp | Equity |
| Volume | 18,418,024 |
| Website | https://www.fermiamerica.com |
| Zip | 79,101 |