Fermi Inc (FRMI)
NASDAQReal EstateReit - SpecialtySnapshot 2026-10-21
$2.86-2.72%
Close 2026-10-21 · 1-day change
NASDAQReal EstateReit - SpecialtySnapshot 2026-10-21
Research Workspace
Put FRMI beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Real Estate is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisThis stock is volatile — it swings about 5% on a typical day and fell roughly 90% in its worst 12-month stretch.
View RiskFRMI’s bet is building its first data center into an operating campus. That claim depends on securing customers for the planned capacity. There is no earnings release on record to confirm revenue growth. The latest recorded surprise was 8.0%; the model puts miss odds near 50.0%. No valuation multiple or peer comparison is available in the desk. The specific risk is failing to secure binding customer agreements or delaying launch. The CBRE agreement supports operations, but does not secure those customers. Our read remains intact; this read is provisional.
Trailing returns as of 2026-10-21. FRMI is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 8 analysts currently covering FRMI (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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Compare FRMI with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| FRMI Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 0 valuation methods, at three horizons. As of 2026-10-21. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Other Specialized REITs — fair value, gap to price, and forward P/E.
Compare the value case
Put FRMI next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
AMD deal enhances Fermi's financial outlook and market position.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-21. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
New partnership supports operational growth and income improvement.
Mission to Alpha Centauri enhances Fermi's innovative image.
Texas AI infrastructure aligns with Fermi's strategic goals.
Power deal validates Fermi's strategic direction.
Subpoena could hinder Project Matador's progress.
Subpoena raises concerns over regulatory compliance.
Capacity expansion signals growth potential.
