Fermi Inc. Common Stock
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Lee McIntire
- Full Time Employees
- 35
- Sector
- Real Estate
- Industry
- REIT - Specialty
- Address
- 620 S. Taylor St. Amarillo TX United States of America 79101
- IPO Date
- Oct 1, 2025
- CIK
- 0002071778
- Website
- fermiamerica.com
- Similar Companies
- Business
- Fermi Inc. Fermi Inc. (Nasdaq: FRMI) operates as a real estate investment trust (REIT) focused on developing advanced energy infrastructure and hyperscale data centers to power artificial intelligence applications at gigawatt scale. The company develops next-generation private electric grids, known as HyperGrids, delivering highly redundant, on-demand power through integrated sources including nuclear reactors, combined-cycle natural gas plants, utility grid connections, solar arrays, and battery energy storage systems; it leases data center space, powered shells, and on-site electricity services to AI hyperscalers, cloud providers, and computing-intensive tenants on its campuses. Fermi Inc. targets the U.S. market, primarily serving AI infrastructure needs with low-carbon, behind-the-meter power solutions that ensure grid independence and minimal downtime. Founded in 2025 and headquartered at 620 S. Taylor St., Suite 300, Amarillo, Texas, the company is led by CEO Toby Neugebauer and co-founded by former U.S. Energy Secretary Rick Perry. Its flagship Project Matador spans a 5,236-acre shovel-ready site under a 99-year lease with Texas Tech University System, planning 11 gigawatts of capacity and 18 million square feet of AI infrastructure, with 1 gigawatt targeted online by end-2026. Recent developments include an October 2025 initial public offering on Nasdaq at $21 per share; commencement of on-site construction for Project Matador in Q3 2025; acquisitions of power generation equipment such as a 487-megawatt combined-cycle gas plant from Siemens Energy and 157.5 megawatts of GE TM2500 turbines via Mobile Power Solutions; strategic partnerships with Westinghouse Electric for nuclear reactors, Hyundai Engineering & Construction, and Siemens Energy; execution of a $150 million advance in aid of construction agreement with its first prospective client; and ongoing discussions for over $4 billion in project financing as of late November 2025.
Company News
Burford Brothers Inc. Takes Position in Fermi Inc. $FRMI
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
Rick Perry's Fermi Finally Finds a Customer for Its Giant Texas AI Power Bet
Why Fermi Stock Is Down 10% Today
Fermi Inc. (FRMI) Q2 2026 Earnings Call Transcript
Fermi Q2 Earnings Call Highlights
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 Announces Second Quarter 2026 Results and Delivers on All Five 90-Day Objectives
AI nuclear power firm Fermi finally has a new CEO
Fermi Names Lee McIntire as Chief Executive Officer
Stock Traders Buy High Volume of Call Options on Fermi (NASDAQ:FRMI)
Why Fermi Stock Soared Today
Fermi and Hillcore Energy Capital Announce 2.6 Gigawatt Power Strategic Alliance for Project Matador
Breakout Stocks and Next Big Movers Could Be Taking Shape Now
Fermi stock jumps 23% on $6.5B TensorWave AI data center lease deal
Fermi Signs Its First Tenant, But Significant Execution Risks Remain
The Biggest Premarket Movers: Babcock & Wilcox and Fermi Soar
Fermi Finally Gets an AI Tenant for Its Data-Center Site and the Stock Is Soaring