Fermi (FRMI) stock

Private power grids , market cap $981M

Private electric grids for AI computers

Worth $981M

$1.56

-6.33%

As of 11:18 AM ET, delayed 15+ min · Live for Pro members

Why is FRMI down?

Down 6.3% today, more than its REITs peers' 1.2%; no story names it yet.

Down 48% since Oct 28

Down 48% so far from Oct 28 to Nov 10.

Fermi fell 48% so far from Oct 28 to Nov 10 while REIT stocks rose a median 3%: it trailed its group by 51 points.

Sources: Price history, Nov 10, 2026

−3Insider trades Toby R. Neugebauer (10% owner) sold $7.6M on Nov 5 near the 52-week low, and 5 more filings

Tell me next time FRMI moves

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1 more reason, free with an account →1 more reason why FRMI is down 48% since Oct 28, from its filings, with the timeline and its peers, for Pro members.

Quality Score

-8

Poor

In its industry

#130of 131

Reit

Checks firing

2of 14

Trending down

From 52-week high

-93.9%

under its best in a year

FRMI's Quality Score was unchanged on Mon, Nov 9, at -8.

See FRMI's 14 chart checksSee it live, free for 24 hours. No account. No card. Then keep going with a free account.

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Key facts on FRMI

Key facts on FRMI
Holding it back	55.8% more shares than a year ago
Latest filing	8-K, Nov 4 Reported a shareholder vote

1 more reason behind FRMI's -8, free with an account →3 more reasons behind FRMI's -8, for Pro members.

FRMI in the news

TodayNo story names it yet.

What moves REITs

10-year Treasury yield4.88%-0.03 ptMon Nov 9in a week

What the US government pays to borrow for 10 years. Mortgage rates and the value of steady income streams move with it.

U.S. Treasury, daily yield curve, Mon Nov 9. Change over the week.

30-year mortgage rate and next Fed rate decision, for Pro members.

What's next

Fri Nov 13: ROK-US 10th Annual Nuclear…Industry event · date confirmed.

Tested. Our top-scored stocks returned 2.2x the average stock over the next month. Reconstructed after the fact; recorded live since Sep 9, 2026. How we tested it

FRMI catalysts

Coming up

After its last 4 reports it closed -4.3% on average, higher 1 of 4 times.

8 past catalysts since 2025, with sizes and sources, for Pro members.

How FRMI ranks in Reit

FRMI is #130 of 131 by Quality Score.

How FRMI ranks in Reit
Rank	Stock	Checks	Quality Score
1	WELLWelltower	8/14	19
2	CLDTChatham Lodging Trust	7/14	17
3	APLEApple Hospitality REIT	9/14	17
	FCPTFour Corners Property Trust		Open for its score
	FRFirst Industrial Realty Trust		Open for its score
	FRTFederal Realty Investment Trust		Open for its score
	GLPIGaming and Leisure Properties		Open for its score
130	FRMIFermi	2/14	-8

When does FRMI report earnings, and what happens after?

Reports Thu Nov 12, before the open (in 2 days). Confirmed.

What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.

Close after the report, last 3

-13.3%+22.8%-13.2%

Mar 30May 14Aug 13

Reported	When	Gap	Reaction	5 days
Aug 13, 2026Before open	Before open	-6.6%	-13.2%	-24.2%
May 14, 2026Before open	Before open	+6.4%	+22.8%	+1.3%
Mar 30, 2026Before open	Before open	-19.9%	-13.3%	-17.0%

FRMI closed higher after 1 of its last 4 reports.

All 4 reports, and FRMI's Quality Score going into each

Everyone reporting earnings this week

FRMI has 2 of 14 chart checks firing

Trend1 of 5 shown

MA FAN 21 EMA W.EMA HH/HL 52W HI

Volume1 of 3 shown

VOL VDU U/D VOL

Tight range1 of 3 shown

ATR SQZ SQUEEZE NR7

Buying1 of 3 shown

OBV+CLOSE HI SPRING

The other 10 checks on FRMI, and all 14 on every stock.Get in free →

FRMI RSI today: 25.6, below its 50-day and 200-day averages

Not scored

RSI 25.6, MACD below signal, below both averages. Not scored.13 readings

The deep dive on FRMI

What it does and how it makes money2 findingsFor Pro members2 findings on what FRMI does and how it makes money, for Pro members
Where it stands4 findingsAt the past year's pace of $21.9M a quarter, its $62.5M in cash covers about 3 quarters. Arithmetic on filed figures, not a forecast.Balance sheet of Jun 30, 2026, filed Aug 14, 2026
Who holds and trades it4 findingsFor Pro members4 findings on who holds and trades FRMI, for Pro members

9 more findings on FRMI, each with its source, for Pro members.

FRMI insider trades

3 insiders sold $33.4M across 9 filings in the last 6 months. No open-⁠market buys on record. The newest:

SellToby R. Neugebauer$7.6M10% ownerat $1.52 on Nov 5, filed Nov 5

SellToby R. Neugebauer10% owner$7.6Mat $1.52 on Nov 5, filed Nov 5

All 9 insider filings on FRMI from the last six months, for Pro members.

All FRMI insider trades

FRMI's officers and directors

Officers and directors with a Form 4 in the last 12 months.

Lee A. McIntireChief Executive Officer · no trades on file
Blanes Jacobo OrtizChief Operating Officer · 2 trades
Charles Lynn HamiltonChief Site Development Officer · 2 trades
Mesut UzmanChief Nuclear Constr. Officer · 2 trades
Lawrence M. KellermanChief Power Officer · no trades on file
Miles E. EversonDirector · 2 trades
James Richard PerryDirector · 1 trade
Cordel Robbin-CokerDirector · no trades on file

2 more officers and directors file at FRMI.

See insider trades by person

Which ETFs hold FRMI?

In ETFs: FRMI is under 0.1% of VTI, the most of the 24 funds Breakaway covers, by their holdings as filed for Jun 30, 2026.

About Fermi

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.

35 employeesAmarillo, TXfermiamerica.com

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Price action, the company, and signals, each with its points, on FRMI and every other stock.
CEOs buying their own stock
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Congress trades
A member's trades, newest first, each with its amount. Sort and filter the whole list.
14 chart checks, read for you
The ones firing on the stock, each in plain words, its rule a tap away.
Earnings, week by week
Who reports each day, and how each stock took its last four reports.
FDA dates, counted down
Each date in the company's words, its cash against the date, and an optional alert before it.
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What would turn FRMI's score around: 7 things
3 more filings explained, a plain line each
4 more things pulling FRMI's score down

BreakawayNov 5Toby R. Neugebauer sold FRMI$7.6M at $1.52, filed Nov 5

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See FRMI's 14 chart checks

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Straight AnswersStraight Answers

As of Nov 10, 2026: FRMI's Quality Score is -8 (Poor), #130 of 131 in Reit. Insiders sold $33.4M in the last 6 months (Form 4).

What does FRMI's Quality Score say?

FRMI scores -8 today, which Breakaway calls Poor. It is #130 of 131 in Reit by Quality Score, with 2 of 14 chart checks firing. Down 48% so far from Oct 28 to Nov 10. Shares: 55.8% more than a year ago (to Jun 30). Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.

What is FRMI's Quality Score?

FRMI scores -8 today, which Breakaway calls Poor (below zero). That is #130 of 131 in Reit by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind FRMI's -8.

Are insiders buying FRMI?

3 insiders sold $33.4M across 9 filings in the last 6 months. No open-⁠market buys on record. The newest is Toby R. Neugebauer, 10% owner, who sold $7.6M on Nov 5. Every filing, with the scored weight, for Pro members.

Are the prices delayed?

Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.