FRMI
Fermi Inc.
$5.78
-6.47%
$3.9B
No data for this timeframe.
Vol
Market Cap$3.9B
Cap SizeMid Cap
Analyst ConsensusStrong Buy (81%)
Inst. Holders7 funds
Inst. Value$40.2M
Inst. Activity7 buys / 0 sells
Insider Activity0B / 9S
Insider Net $-$68.3M
Reddit Sentiment63° Warm
SEC Reports20
Recent Activity
Jun 5, 2026
SEC
Ousted co-founder and former CEO Toby Neugebauer is escalating his proxy fight against Fermi Inc. by filing this DFAN14A
DFAN14A — Impact 7/10
Jun 5, 2026
SEC
Toby Neugebauer (co-founder and former CEO, fired for cause) escalated his proxy fight on May 28, 2026 via LinkedIn and
DFAN14A — Impact 7/10
Jun 5, 2026
SEC
Co-founder and former CEO Toby Neugebauer escalated his proxy fight against Fermi Inc. by posting new soliciting materia
DFAN14A — Impact 7/10
Jun 3, 2026
Insider
Uzman Mesut sold 79,032 shares
Chief Nuclear Constr. Officer @ $6.31 ($498.7K)
Jun 1, 2026
Insider
Haas Marius sold 175,094 shares
Director @ $0.00 ($0.00)
Jun 1, 2026
Insider
Stein Jeffrey Scott sold 250,000 shares
Director @ $0.00 ($0.00)
Inst.
BANK OF AMERICA CORP — NEW
1,790,885 shares ($14.3M)
Inst.
TWO SIGMA INVESTMENTS, LP — NEW
1,308,605 shares ($10.5M)
Price Targets
$20.50
+254.7% upside
Strong Buy
Current $5.78
Low $6.00
Median $22.50
High $35.00
8 analysts
$6.00
$35.00
Analyst Ratings
4Strong Buy
9Buy
3Hold
0Sell
0Strong Sell
Recent Analyst Actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| May 15, 2026 | Evercore ISI Group | DOWNGRADE | Outperform → In-Line |
| Apr 20, 2026 | Macquarie | MAINTAIN | Outperform → Outperform |
| Apr 1, 2026 | Macquarie | MAINTAIN | Outperform → Outperform |
| Apr 1, 2026 | UBS | MAINTAIN | Buy → Buy |
| Feb 9, 2026 | Macquarie | MAINTAIN | Outperform → Outperform |
Earnings Estimates
| Period | EPS Est. | Range | Growth | # |
|---|---|---|---|---|
| Current Q | $-0.06 ▼ -26.8% | $-0.12 — $-0.02 | 4 | |
| Next Q | $-0.07 ▼ -29.7% | $-0.13 — $-0.02 | 92% YoY | 3 |
| Current FY | $-0.34 ▼ -67.2% | $-0.69 — $-0.11 | 70% YoY | 4 |
| Next FY | $0.36 ▼ -66.4% | $0.05 — $0.59 | 208% YoY | 3 |
Latest Reports
BULLISH
DFAN14A
7/10
Ousted co-founder and former CEO Toby Neugebauer is escalating his proxy fight against Fermi Inc. by filing this DFAN14A
Jun 5, 2026
BULLISH
DFAN14A
7/10
Toby Neugebauer (co-founder and former CEO, fired for cause) escalated his proxy fight on May 28, 2026 via LinkedIn and
Jun 5, 2026
Top Institutional Holders
| Fund | Value | Move |
|---|---|---|
| BANK OF AMERICA CORP | $14.3M | NEW |
| TWO SIGMA INVESTMENTS, LP | $10.5M | NEW |
| VANGUARD GROUP INC | $6.8M | NEW |
| FMR LLC | $3.2M | NEW |
| RENAISSANCE TECHNOLOGIES LLC | $2.7M | NEW |
Recent Insider Trades
| Date | Insider | Type | Value |
|---|---|---|---|
| Jun 3, 2026 | Uzman Mesut | SELL | $498.7K |
| Jun 1, 2026 | Haas Marius | A | $0.00 |
| Jun 1, 2026 | Stein Jeffrey | A | $0.00 |
| Jun 1, 2026 | Robbin-Coker Cordel | A | $0.00 |
| Jun 1, 2026 | MCINTIRE LEE | A | $0.00 |
Reddit Sentiment
63°▼
Warm
Bearish
Neutral
Bullish
7 institutional holders with $40.2M total value (5,020,470 shares) as of 2025-Q4. Top holders: BANK, TWO, VANGUARD. Net buying activity: 7 institutions added/increased vs 0 reduced.
Top Institutional Holders — 2025-Q4
| # | Fund | Shares | Value | % of Tracked | Last Move |
|---|---|---|---|---|---|
| 1 | BANK OF AMERICA CORP /DE/ | 1,790,885 | $14.3M | 35.7% | NEW |
| 2 | TWO SIGMA INVESTMENTS, LP | 1,308,605 | $10.5M | 26.1% | NEW |
| 3 | VANGUARD GROUP INC | 850,283 | $6.8M | 16.9% | NEW |
| 4 | FMR LLC | 400,847 | $3.2M | 8.0% | NEW |
| 5 | RENAISSANCE TECHNOLOGIES LLC | 341,300 | $2.7M | 6.8% | NEW |
| 6 | MORGAN STANLEY | 297,129 | $2.4M | 5.9% | NEW |
| 7 | WELLS FARGO & COMPANY/MN | 31,421 | $251.4K | 0.6% | NEW |
Recent Position Changes
| Fund | Action | Prev Shares | Curr Shares | Change % | Value | Quarter |
|---|---|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | NEW | — | 1,790,885 | — | $14.3M | 2025-Q4 |
| TWO SIGMA INVESTMENTS, LP | NEW | — | 1,308,605 | — | $10.5M | 2025-Q4 |
| VANGUARD GROUP INC | NEW | — | 850,283 | — | $6.8M | 2025-Q4 |
| FMR LLC | NEW | — | 400,847 | — | $3.2M | 2025-Q4 |
| RENAISSANCE TECHNOLOGIES LLC | NEW | — | 341,300 | — | $2.7M | 2025-Q4 |
| MORGAN STANLEY | NEW | — | 297,129 | — | $2.4M | 2025-Q4 |
| WELLS FARGO & COMPANY/MN | NEW | — | 31,421 | — | $251.4K | 2025-Q4 |
11 unique insiders with 9 transactions. Net insider value: -$68.3M ($0.00 bought, $68.3M sold).
Insider Transactions
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Jun 3, 2026 | Uzman Mesut | Chief Nuclear Constr. Officer | SELL | 79,032 | $6.31 | $498.7K |
| Jun 1, 2026 | Haas Marius | Director | A | 175,094 | $0.00 | $0.00 |
| Jun 1, 2026 | Stein Jeffrey Scott | Director | A | 250,000 | $0.00 | $0.00 |
| Jun 1, 2026 | Robbin-Coker Cordel | Director | A | 175,094 | $0.00 | $0.00 |
| Jun 1, 2026 | MCINTIRE LEE A | Director | A | 175,094 | $0.00 | $0.00 |
| Jun 1, 2026 | Kellerman Lawrence M. | Chief Power Officer | A | 35,818 | $0.00 | $0.00 |
| Jun 1, 2026 | Perry James Richard | Director | A | 175,094 | $0.00 | $0.00 |
| Jun 1, 2026 | Everson Miles E. | Director | A | 35,818 | $0.00 | $0.00 |
| Apr 9, 2026 | Everson Miles E. | Chief Financial Officer | SELL | 427,004 | $4.58 | $2.0M |
| Apr 9, 2026 | Ortiz Blanes Jacobo | Chief Operating Officer | SELL | 427,363 | $4.58 | $2.0M |
| Apr 9, 2026 | Hamilton Charles Lynn | Chief Site Development Officer | SELL | 398,140 | $4.58 | $1.8M |
| Apr 8, 2026 | Everson Miles E. | Chief Financial Officer | SELL | 403,205 | $4.91 | $2.0M |
| Apr 8, 2026 | Ortiz Blanes Jacobo | Chief Operating Officer | SELL | 403,545 | $4.91 | $2.0M |
| Apr 8, 2026 | Hamilton Charles Lynn | Chief Site Development Officer | SELL | 375,950 | $4.91 | $1.8M |
| Mar 31, 2026 | Perry Griffin | 10%+ Owner | SELL | 2,000,000 | $5.54 | $11.1M |
| Mar 30, 2026 | Perry Griffin | 10%+ Owner | SELL | 9,000,000 | $5.02 | $45.2M |
20 SEC filing reports analyzed. Sentiment: 14 bullish, 1 bearish, 3 mixed, 2 neutral. Avg impact: 6.8/10.
BULLISH
DFAN14A
7/10
Ousted co-founder and former CEO Toby Neugebauer is escalating his proxy fight against Fermi Inc. by
Jun 5, 2026
BULLISH
DFAN14A
7/10
Toby Neugebauer (co-founder and former CEO, fired for cause) escalated his proxy fight on May 28, 20
Jun 5, 2026
BULLISH
DFAN14A
7/10
Co-founder and former CEO Toby Neugebauer escalated his proxy fight against Fermi Inc. by posting ne
Jun 5, 2026
BULLISH
DFAN14A
7/10
Former CEO Toby Neugebauer and affiliated entities escalated their proxy fight against Fermi Inc. by
Jun 3, 2026
BULLISH
DFAN14A
7/10
Toby Neugebauer, the ousted co-founder and former CEO of Fermi Inc., escalated his proxy fight by po
Jun 3, 2026
BULLISH
DFAN14A
7/10
Co-founder and former CEO Toby Neugebauer escalated his proxy fight by posting solicitation material
Jun 2, 2026
BULLISH
DFAN14A
7/10
Co-founder and former CEO Toby Neugebauer launched a website and press release escalating his proxy
May 28, 2026
BULLISH
DFAN14A
7/10
Co-founder and former CEO Toby Neugebauer escalates his proxy fight against Fermi Inc., filing a DFA
May 26, 2026
BULLISH
DFAN14A
7/10
Co-founder and largest shareholder Toby Neugebauer (beneficially owning ~278M shares, ~23% of FRMI)
May 22, 2026
BULLISH
DFAN14A
7/10
Toby Neugebauer, co-founder and largest shareholder of Fermi Inc., filed additional proxy soliciting
May 20, 2026
BULLISH
DFAN14A
7/10
Co-founder and largest shareholder Toby Neugebauer escalated his proxy fight against Fermi Inc., fil
May 20, 2026
BULLISH
DFAN14A
7/10
Co-founder Toby Neugebauer (controlling ~33% beneficial ownership) formally withdraws his proxy soli
May 19, 2026
MIXED
DEFA14A
7/10
Fermi Inc. filed a DEFA14A containing a preliminary consent revocation statement and press releases
May 18, 2026
BULLISH
DFAN14A
7/10
Co-founder and largest shareholder Toby Neugebauer escalated his proxy fight against Fermi Inc. afte
May 14, 2026
NEUTRAL
8-K
5/10
Fermi Inc. reported Q1 2026 results with a net loss of $188.7M ($0.30 per share), compared to a net
May 14, 2026
BEARISH
DFAN14A
8/10
Co-founder Toby Neugebauer escalates his proxy fight against Fermi Inc. by filing two nearly identic
May 13, 2026
BULLISH
DFAN14A
8/10
Co-founder and ~23% shareholder Toby Neugebauer filed definitive additional proxy materials nominati
May 8, 2026
MIXED
DEFA14A
7/10
Fermi Inc. files DEFA14A to respond to former CEO Toby Neugebauer's proxy solicitation to expand the
May 6, 2026
NEUTRAL
8-K
4/10
Fermi Inc. issued a press release responding to former CEO Toby Neugebauer's attempts to call specia
May 6, 2026
MIXED
PREC14A
7/10
Co-founder and former CEO Toby Neugebauer is waging a proxy fight to expand the board from 7 to 12 d
May 5, 2026
No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.
Current analyst consensus: Strong Buy (81% buy). Based on 16 analysts: 4 strong buy, 9 buy, 3 hold, 0 sell, 0 strong sell.
Analyst Price Targets
$20.50 mean target
+254.7% upside
Strong Buy (1.63)
$6.00 Low
$35.00 High
| Metric | Value |
|---|---|
| Current Price | $5.78 |
| Target Low | $6.00 |
| Target Mean | $20.50 |
| Target Median | $22.50 |
| Target High | $35.00 |
| # Analysts | 8 |
| Recommendation | Strong Buy (1.63) |
Earnings Estimates & Revisions
| Period | EPS Avg | EPS Low | EPS High | EPS Growth | 30d Rev. | Up/Down | Rev. Avg | Rev. Growth | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| Current Q 2026-06-30 |
$-0.06 | $-0.12 | $-0.02 | — | -26.8% | 1↑ 2↓ | $0.0B | — | 4 |
| Next Q 2026-09-30 |
$-0.07 | $-0.13 | $-0.02 | 92.1% | -29.7% | 1↑ 2↓ | $0.0B | 0.0% | 3 |
| Current FY 2026-12-31 |
$-0.34 | $-0.69 | $-0.11 | 70.0% | -67.2% | 1↑ 2↓ | $0.0B | 0.0% | 4 |
| Next FY 2027-12-31 |
$0.36 | $0.05 | $0.59 | 207.8% | -66.4% | 0↑ 3↓ | $1.6B | 3690.6% | 3 |
Current Quarter EPS Revision History
| Timepoint | EPS Estimate | Change |
|---|---|---|
| Current | $-0.060 | |
| 7d ago | $-0.120 | +0.060 |
| 30d ago | $-0.048 | -0.013 |
| 60d ago | $0.125 | -0.186 |
| 90d ago | $0.132 | -0.192 |
4 analyst firms have rated this stock: 0 upgrades, 1 downgrades, 1 initiations.
Individual Analyst Actions
| Date | Analyst Firm | Action | Previous Rating | New Rating |
|---|---|---|---|---|
| May 15, 2026 | Evercore ISI Group | DOWNGRADE | Outperform | In-Line |
| Apr 20, 2026 | Macquarie | MAINTAIN | Outperform | Outperform |
| Apr 1, 2026 | Macquarie | MAINTAIN | Outperform | Outperform |
| Apr 1, 2026 | UBS | MAINTAIN | Buy | Buy |
| Feb 9, 2026 | Macquarie | MAINTAIN | Outperform | Outperform |
| Feb 9, 2026 | Citizens | INITIATE | — | Market Outperform |
Monthly Consensus History
| Period | Strong Buy | Buy | Hold | Sell | Strong Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Jun 1, 2026 | 4 | 9 | 3 | 0 | 0 | 81% | |
| May 1, 2026 | 4 | 11 | 1 | 0 | 0 | 94% | |
| Apr 1, 2026 | 4 | 11 | 1 | 0 | 0 | 94% | |
| Mar 1, 2026 | 4 | 11 | 1 | 0 | 0 | 94% | |
| Feb 1, 2026 | 4 | 10 | 1 | 0 | 0 | 93% | |
| Jan 1, 2026 | 4 | 9 | 1 | 0 | 0 | 93% |
Strong BuyBuyHoldSellStrong Sell
No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.
63°
Warm
Bearish
Neutral
Bullish
16 mentions
5 bullish
0 bearish
13 time periods
Reddit Sentiment History
| Date | Mentions | Sentiment | Bullish | Bearish | Threads |
|---|---|---|---|---|---|
| Jun 4, 2026 | 2 | 53° Neutral | 0 | 0 | 2 |
| Jun 4, 2026 | 1 | 56° Neutral | 0 | 0 | 1 |
| May 26, 2026 | 2 | 50° Neutral | 0 | 0 | 2 |
| May 26, 2026 | 2 | 50° Neutral | 0 | 0 | 2 |
| May 15, 2026 | 1 | 60° Warm | 1 | 0 | 1 |
| May 15, 2026 | 1 | 60° Warm | 1 | 0 | 1 |
| May 6, 2026 | 1 | 50° Neutral | 0 | 0 | 1 |
| May 6, 2026 | 1 | 50° Neutral | 0 | 0 | 1 |
| Apr 8, 2026 | 1 | 60° Warm | 1 | 0 | 1 |
| Apr 1, 2026 | 1 | 60° Warm | 1 | 0 | 1 |
| Apr 1, 2026 | 1 | 60° Warm | 1 | 0 | 1 |
| Mar 18, 2026 | 1 | 50° Neutral | 0 | 0 | 1 |
| Mar 18, 2026 | 1 | 50° Neutral | 0 | 0 | 1 |
Recent Reddit Threads
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May 14, 2026
earnings_calendar
FRMI Q1 2026 Earnings Scheduled — 2026-05-14
May 13, 2026
short_interest
FTD: FRMI — 212,230 shares ($1.2M) failed to deliver
Settlement: 20260513, Price: $5.47, FTD Value: $1,160,898.1, FERMI INC COM
May 12, 2026
short_interest
FTD: FRMI — 139,958 shares ($0.8M) failed to deliver
Settlement: 20260512, Price: $5.37, FTD Value: $751,574.46, FERMI INC COM
May 11, 2026
dark_pool
Dark Pool: FRMI — 24.5M shares, 114,702 trades
Week starting 2026-05-11. Total ATS volume: 24,450,703 shares across 114,702 trades.
May 7, 2026
short_interest
FTD: FRMI — 434,043 shares ($2.4M) failed to deliver
Settlement: 20260507, Price: $5.56, FTD Value: $2,413,279.08, FERMI INC COM
May 4, 2026
dark_pool
Dark Pool: FRMI — 10.8M shares, 71,582 trades
Week starting 2026-05-04. Total ATS volume: 10,774,672 shares across 71,582 trades.
Apr 27, 2026
dark_pool
Dark Pool: FRMI — 10.5M shares, 73,557 trades
Week starting 2026-04-27. Total ATS volume: 10,496,118 shares across 73,557 trades.
Apr 24, 2026
short_interest
FTD: FRMI — 96,280 shares ($0.6M) failed to deliver
Settlement: 20260424, Price: $5.92, FTD Value: $569,977.6, FERMI INC COM
Apr 23, 2026
short_interest
FTD: FRMI — 94,882 shares ($0.6M) failed to deliver
Settlement: 20260423, Price: $5.86, FTD Value: $556,008.52, FERMI INC COM
Apr 20, 2026
short_volume
Short Volume: FRMI — 56.7% short (16.5M / 29.1M)
Short: 16,487,602 | Exempt: 1,559,189 | TRF Vol: 29,085,271 | Short Ratio: 56.7% | Off-exchange volume (dark pool + OTC)
Apr 20, 2026
dark_pool
Dark Pool: FRMI — 35.7M shares, 164,678 trades
Week starting 2026-04-20. Total ATS volume: 35,696,037 shares across 164,678 trades.
Apr 20, 2026
short_interest
FTD: FRMI — 112,185 shares ($0.7M) failed to deliver
Settlement: 20260420, Price: $6.55, FTD Value: $734,811.75, FERMI INC COM
Apr 17, 2026
short_volume
Short Volume: FRMI — 56.4% short (3.2M / 5.6M)
Short: 3,173,793 | Exempt: 31,833 | TRF Vol: 5,625,202 | Short Ratio: 56.4% | Off-exchange volume (dark pool + OTC)
Apr 16, 2026
short_volume
Short Volume: FRMI — 61.8% short (5.2M / 8.4M)
Short: 5,220,311 | Exempt: 5,602 | TRF Vol: 8,448,269 | Short Ratio: 61.8% | Off-exchange volume (dark pool + OTC)
Apr 15, 2026
short_volume
Short Volume: FRMI — 61.1% short (3.6M / 5.9M)
Short: 3,630,924 | Exempt: 12,503 | TRF Vol: 5,945,009 | Short Ratio: 61.1% | Off-exchange volume (dark pool + OTC)