Added to YB: 2026-08-21
Pitch date: 2026-06-10
FRMI [bullish]
Fermi Inc.
-11.22%
current return
Author Info
No bio for this author
Company Info
Fermi Inc. develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute.
Market Cap
$3.7B
Pitch Price
$6.73
Price Target
250.00 (+4240%)
Dividend
N/A
EV/EBITDA
-11.81
P/E
-4.61
EV/Sales
N/A
Sector
Specialized REITs
Category
special_situation
Fermi Inc. - $FRMI
FRMI: Pre-rev AI power campus REIT in TX at ~$5.80 (~2x book). Founder ousted for cause; losing proxy fight (43.5% vs 50.1% needed, Caddis 9% backs board). Binding hyperscaler tenant (likely Amazon) expected in <90 days post-May 14 call. 6GW permit, 2.2GW turbines secured, $941M financing. Base $40-45 (40%), bull $150 (30%), bear $2-3 (10%); EV ~$113 (19x). Risk: no tenant by Nov = dilution.
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