FRMI Stock Jumps 12% After Index Additions. Here’s What Investors Are Watching

Rexielyn Diaz3 minute read
Reviewed by: Thomas Richmond
Last updated Feb 25, 2026

Key Stats for FRMI Stock

  • Price Change for FRMI stock: +11.92%
  • FRMI Share Price as of Feb. 224: $10
  • 52-Week High: $37
  • FRMI Stock Price Target: $29

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What Happened?

Fermi Inc. (FRMI) shares climbed nearly 12% on Feb. 24 as the stock extended its rebound from recent lows. The move came amid renewed investor focus on power infrastructure names tied to AI-driven demand.

The rally also followed continued institutional visibility. Fermi was added to multiple Russell indexes in December, including the Russell 1000 and Russell Midcap indexes.

Index inclusion can increase demand from passive funds. That structural shift has supported trading volume and liquidity in recent months.

With shares still well below their 52-week high, the stock has remained volatile. The latest move reflects renewed interest rather than a single company-specific announcement.

FRMI Stock Price Targets (TIKR)

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What the Market Is Telling Us About FRMI Stock

Investors appear focused on long-term infrastructure optionality rather than near-term fundamentals. Fermi is positioned around large-scale private power generation for hyperscale AI workloads.

Analysts currently assign a mean price target of $29. That reflects expectations tied to project development rather than current cash flows.

Valuation remains elevated on forward metrics. FRMI trades at about 16.3x forward revenue and 46.1x forward EBITDA.

The stock also trades at roughly 55x forward earnings. Those multiples suggest the market is pricing in significant execution and scaling over time.

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Balance Sheet and Trading Dynamics

Fermi’s market capitalization stands at $6.3 billion with an enterprise value of around $6.4 billion. Shares outstanding total about 628 million.

Net debt metrics are not currently disclosed, limiting leverage visibility. That places greater emphasis on future disclosures and project financing updates.

Trading activity has picked up, with average three-month volume near 7.1 million shares. Liquidity improved following index inclusion.

A large share lock-up expires in January 2026. That event could impact supply dynamics depending on insider activity.

Should You Invest in Fermi Inc.?

The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.

Pull up FRMI, and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.

You can build a free watchlist to track FRMI alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!

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