Insider buying last 90 days
No open-market insider purchases were filed for FRMI in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every FRMI insider filing, plotted on the chart in Gekko.Open FRMI in Gekko
NASDAQ: FRMI
Fermi (FRMI) Stock Analysis & Forecast
Oct 12 close
$3.25−0.18 (−5.2%)
Gekko Brief
AI summaryOct 12 closeFermi's week centers on its Texas Panhandle buildout and regulatory backdrop. The company confirmed it will release third-quarter 2026 results and host an earnings call, while commentary points to a regulatory freeze on data center permits in Texas adding uncertainty despite Fermi's current 6 GW air permit and off-grid model. Separately, Project Matador's draft environmental impact statement has been completed, with a public comment period now open, and CBRE Group has secured a five-year management agreement to handle operations and maintenance at Fermi's first Texas Panhandle data center. Analyst commentary remains mixed, with price target cuts from some firms alongside a consensus target cited at $20.67.
Shares closed at $3.25, down 5.2% on the day, after touching a 52-week low of $3.42 earlier in the week, and trading well below both the 50-day average of $5.20 and the 200-day average of $6.87. The GekkoIndex reads 71.9, placing the stock in the Buying zone, while the gap to Gekko Fair Value of $6.74 stands at -51.8%.
Earnings are scheduled for 9 November 2026, 27 days out, falling inside a typical 20-trading-day holding window, with the last quarter showing a smaller-than-expected loss of $-0.04 versus a $-0.06 estimate and a 15.8% reaction. No insider, Congress, or unusual options activity appears in the current windows, while one billionaire holder and one trailblazer holder are noted.
Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.
Fermi price vs fair value
Close $3.25200-day averageGekko Fair Value $6.74
Fermi quick facts
- Market cap
- $2.07B
- P/E ratio
- —
- Forward P/E
- —
- EPS, TTM
- −$1.27
- Revenue, TTM
- $0
- Profit margin
- 0%
- Dividend yield
- —
- Beta
- —
- Volume
- 15.77M avg 17.38M
- 1-year return
- −87.9%
- Typical daily move
- ±8.8%
- Typical 20-day move
- ±19.5%
- 50-day average
- $5.20
- 200-day average
- $6.87
- Next earnings
- Nov 9
- Shares outstanding
- 641.3M
Fermi swing-trade checklist
Fermi scores 2 supportive, 0 mixed and 2 headwinds across the 4 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
2 supportive0 mixed2 headwinds
- Trendheadwind
Below 50 and 200-day
Close $3.25 is below the 50-day ($5.20) and 200-day ($6.87) averages, and the 50-day is below the 200-day.
See the chart - GekkoIndexsupportive
71.9, Buying
Reading 71.9 is in the Buying zone.
See the GekkoIndex - Fair valuesupportive
51.8% below
Price is 51.8% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings riskheadwind
Reports in 28 days
Reports on Nov 9, 2026, 28 days away — inside a typical 20-trading-day hold.
See earnings - Seasonalityno data
No data
Not enough years of history for a seasonal read.
A description of current data, not a recommendation. How this page works
Fermi stock chart and price history
Fermi closed at $3.25 on Oct 12, 2026, −87.9% over the past year, inside a 52-week range of $3.20 to $32.39.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −40.9%
- 3 months
- −51.8%
- 6 months
- −36.5%
- 1 year
- −87.9%
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About Fermi
Fermi works on building out core energy infrastructure, with a focus on power generation paired with data center capacity. Its central project is an integrated campus that brings energy supply and computing facilities together on one site, built to serve the scale of power that future artificial intelligence systems are expected to need.
The company was started by Rick Perry, Toby Neugebauer, and Griffin Perry, who together founded the business to pursue this combined energy and data center model. By pairing generation directly with the facilities that will consume it, Fermi positions itself around the growing demand tied to AI computing needs.
Fermi was established on January 10, 2025, and is headquartered in Amarillo, Texas. Its shares are listed on the NASDAQ under the ticker FRMI.
- Listed
- NASDAQ
- Sector
- Finance
- Industry
- Real estate investment trusts
- Website
- fermiamerica.com
Fermi GekkoIndex: the smart money zone
Fermi’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 71.9, in the Buying zone, up 2.7 points over five sessions.
71.9Buying
Up 2.7 points over five sessions, from the Accumulation zone.
Reading for Oct 12, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying (current zone) | 37 | +0.1% | −14.1% | ||
| Accumulation | 146 | −3.0% | −11.8% | ||
| Neutral | 64 | −3.4% | −5.7% | ||
| Distribution | 6 | Too few readings yet | |||
| Selling | 0 | Not available | |||
Average FRMI share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Buying readings averaged +3.1% over 20 days. Past behaviour doesn’t guarantee future results.
Buying zone: Smart money likely accumulating heavily. About the five zones →
See every daily GekkoIndex reading plotted over the FRMI price, zone by zone.Track FRMI in Gekko
Is Fermi stock overvalued? Gekko Fair Value
Fermi trades 51.8% below Gekko Fair Value of $6.74, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Fermi shares are worth, recalculated every trading day.
$6.74
Gekko Fair Value, Oct 10, 2026
51.8% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open FRMI in Gekko
Fermi insider and Congress trading
No open-market insider purchases were filed for Fermi, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in FRMI were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for FRMI, plotted on the chart in Gekko.Open FRMI in Gekko
Buybacks
Fermi has been buying back its own shares.
- Bought back, quarter ended Dec 31, 2025
- $25K
- As a share of market cap
- 0.00%
From company filings.
Hedge funds and billionaires quarter ended Jun 30
2of the funds Gekko tracks hold FRMI.
1added1opened0trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko
Fermi earnings: next date and track record
Fermi reports on Nov 9, 2026 (28 days away), and beat the EPS estimate in 1 of its last 4 reports.
Next earnings report
Nov 9, 2026
28 days away
- EPS estimate
- −$0.04
- Revenue estimate
- $5.99M
1 of 4reports beat the EPS estimate
±11.8%average move across the report
0 of 3reports followed by a gain
Share-price move across each report
Last earnings call, Aug 13, 2026 AI summary
- What they said
- Fermi America completed all 5 of its 90-day commitments in Q2 2026, including signing a binding 650 MW power agreement with hyperscaler/AI counterparties. The company appointed Lee McIntire as CEO, secured EPC partnerships with Primoris and TSK, and formed a strategic alliance with Hillcore adding 2.6 GW to Project Matador campus, targeting 4.8 GW total capacity. A $431M convertible notes offering upsized to strengthen the balance sheet.
- Guidance
- Management targets first power delivery to site in 2027. The Hillcore alliance aims to deliver 2.6 GW incrementally within 3 years. No specific revenue or EPS targets were provided in this excerpt.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 13, 2026 | −$0.04 est −$0.06 | — est $3.00M | −15.8% |
| Mar 30, 2026 | −$0.26 est −$0.01 | — est $6.04M | −5.5% |
| Nov 11, 2025 | −$0.84 est −$0.02 | $5.89M est $11.89M | −14.0% |
| Sep 3, 2025 | −$0.01 est $0.00 | — | — |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Fermi stock forecast and analyst price targets
Analysts’ average 12-month price target for Fermi is $17.12, +426.8% from the last close, from 5 firms rating the stock in the last 90 days.
$17.12consensus 12-month target, +426.8% from the last close
Now $3.25Avg $17.12
Low $6High $17
Each firm’s latest rating in the last 90 days: 5 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Aug 14 | UBS | $6 | +84.6% |
| Aug 12 | Evercore ISI | $11 | +238.5% |
| Aug 11 | Stifel Nicolaus | $17 | +423.1% |
| Aug 10 | Cantor Fitzgerald | $8 | +146.2% |
| Jul 28 | Mizuho Securities | $11 | +238.5% |
−14.1%average 20-day move after past Buying readings
±8.8%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Fermi market cap and key statistics
Fermi’s market cap is $2.07B and revenue of $0 over the last twelve months.
Valuation
- Market cap
- $2.07B
- EPS, TTM
- −$1.27
- Gekko Fair Value
- $6.74
Trading
- Volume
- 15.77M
- Avg volume, 20 days
- 17.38M
- 52-week high
- $32.39
- 52-week low
- $3.20
- Shares outstanding
- 641.3M
Financials
- Revenue, TTM
- $0
- Profit margin
- 0%
- Return on equity
- 0%
- Quarterly earnings growth, YoY
- 0.0%
Risk and income
- Typical daily move
- ±8.8%
- Typical 20-day move
- ±19.5%
Fermi stock news this week
Coverage of Fermi this week reads negative: 0 positive, 4 neutral and 4 negative headlines.
- Fermi Announces Third Quarter 2026 Earnings Release and Call DateAccesswire, Oct 12
- Fermi: The Risks Are Still RisingSeeking Alpha, Oct 12
- Fermi Inc. (NASDAQ:FRMI) Stock Has Consensus Target Price of $20.67 According to BrokeragesMarketBeat, Oct 12
- Fermi (FRMI) Stock Looks Fully Priced Following Its Texas Power DealSimply Wall Street, Oct 12
- Is CBRE Group (CBRE) Undervalued Following Its Fermi Data Center Operations Deal?Simply Wall Street, Oct 9
- Fermi America, Blue Energy make strides in TexasAmerican Nuclear Society -- ANS, Oct 9
Fermi stock FAQ
What is Fermi’s market cap?
Fermi’s market cap is $2.07B at the Oct 12, 2026 close of $3.25, with 641.3M shares outstanding.
What is the Fermi stock forecast?
The consensus analyst 12-month price target for Fermi is $17.12, +426.8% from the last close. Of the 5 firms that rated the stock in the last 90 days, 3 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Fermi stock overvalued or undervalued?
On Gekko’s estimate Fermi is undervalued: the Oct 12, 2026 close of $3.25 is 51.8% below Gekko Fair Value of $6.74. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Fermi report earnings next?
Fermi is expected to report on Nov 9, 2026 (28 days away). Analysts expect earnings of −$0.04 per share on revenue of $5.99M. Fermi beat the earnings estimate in 1 of its last 4 reports, moving 11.8% on average across the report.
What is Fermi’s 52-week high and low?
Fermi’s 52-week high is $32.39 and its 52-week low is $3.20; it closed at $3.25 on Oct 12, 2026, −87.9% over the past year. Over the last five years the shares peaked at $36.99 on Oct 2, 2025.
Is Fermi stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 4 items with data read as supportive (gekkoindex and fair value) and 2 as headwinds (trend and earnings risk). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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