FRMI Stock — FRMI

FRMI (FRMI)

Updated October 16, 2026.

FRMI is a Stock. Total return is -90.3% over the past year, 105.7 points behind SPY at 15.4%.

Fermi Inc. develops next-generation private electric grids designed to deliver redundant power at gigawatt scale for artificial intelligence and advanced computing facilities. The company integrates natural gas, nuclear, solar, and battery storage resources to support hyperscale data center operations, with its Project Matador campus under development in Texas. The company does not currently have an established distribution history.

FRMI performance versus SPY

Price and return data through 2026-10-16.

Total return is -90.3% over the past year, 105.7 points behind SPY at 15.4%. Its deepest 1-year drawdown was 89.4%.

FRMI key facts

Asset type

Stock

Asset class

Equity

Inception date

10/01/2025

Distribution frequency

None

Last close

$3.16 (as of 2026-10-16)

Market cap

$2,026,380,661

Average volume

41130949.0

Payout ratio

0.0%

Forward P/E

26.1375

EPS

$-1.08

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FRMI risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 89.4%.

Who may consider FRMI — and who may not

It is a weaker fit for investors who need monthly cash flow (FRMI does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

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Frequently asked questions