Fermi (FRMI) Stock Price Prediction 2025, 2026 And 2030: Will FRMI Stock Explode After IPO?

Last updated: 10/16/2025 11:00

Data center real estate investment trust Fermi announced plans to raise up to $550 million in its initial public offering in the United States. As scheduled, Fermi’s common stock began trading on the Nasdaq Global Select Market on October 1, 2025, and on the London Stock Exchange on October 2, 2025, both under the ticker symbol “FRMI.”

Fermi’s public listing grabbed headlines following its initial public offering. Notably, FRMI shares opened much higher than the offer price. The highly successful IPO demonstrates that investor frothiness for the AI boom is far from slowing down. As the company entered the open market, traders and long-term investors alike are asking: What will Fermi stock be worth? Is FRMI stock a good investment for 2025?

This article provides a comprehensive analysis of Fermi’ business model, IPO details and market significance, as well as Fermi (FRMI) stock price prediction for 2025, 2026 and 2030, a future outlook, and key valuation metrics, to help investors decide whether this high-growth stock is right for their portfolio.

Table of Contents

＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now

What is Fermi: A Quick Overview

Founded in January 2025 by former U.S. Energy Secretary Rick Perry and financier Toby Neugebauer, Fermi (or Fermi America) is a newly formed real estate investment trust (REIT) focused on developing large-scale energy and data infrastructure assets, specifically targeting the AI and hyperscale data center markets. Founded less than a year ago, Fermi has attracted attention for its plan to build the world’s largest energy and data complex, designed to run on a mix of nuclear, natural gas, and solar power to meet the soaring energy demands of artificial intelligence.

Its flagship project, Project Matador, will be located in Amarillo, Texas and will be built on a large plot of land leased from Texas Tech University. Fermi plans to integrate energy generation (natural gas, solar and battery power, and potentially nuclear power) and deliver gigawatt-scale power to support hypercomputing and AI infrastructure.

Financial disclosures show that Fermi generated no revenue during the period from 10 January 2025 (its inception) to 30 June 2025. During this period, the company incurred a loss of $6.4 million, including $3.6 million in share-based compensation expenses relating to equity grants to related parties, $2.1 million in general and administrative expenses relating to the company’s formation and initial commercial engagements, and $0.7 million in non-cash interest expenses relating to paid-in-kind convertible notes.

Although Fermi has not yet generated significant revenue, it has secured initial funding (e.g. $100 million led by Macquarie) and is positioning itself as part of the infrastructure backbone for AI growth. Fermi aims to build the world’s largest data-energy complex powered by nuclear, natural gas, and solar to support AI workloads.

[TRADE_PLUGIN]BTCUSDT,BTCUSDT[/TRADE_PLUGIN]

Fermi IPO: A Full Review of Its IPO Journey

On 8 September 2025, Fermi America filed an S-11 registration statement with the U.S. Securities and Exchange Commission, signaling its intention to list its common stock on the Nasdaq Global Select Market under the ticker symbol ‘FRMI.’ On 24 September, Fermi America announced the official launch of its roadshow for an initial public offering.

The company intends to list on the Nasdaq under the symbol ‘FRMI.’ It also plans to apply for a listing on the main market of the London Stock Exchange under the same symbol.

The company, which will soon operate as Fermi Inc, intends to sell 25 million shares at an expected price range of $18 to $22 each. At the midpoint of the price range, the IPO would raise approximately $550 million, securing a market capitalization of around $12–13 billion.

Fermi IPO Snapshot

Detail	Information
Ticker Symbol	FRMI
Shares Offered	25 million
Price Range	$18 – $22
Potential Proceeds	Up to $550 million
Expected Valuation	$12–13 billion
Listing Markets	Nasdaq & London Stock Exchange

The IPO is led by UBS Investment Bank, Evercore ISI, Cantor, and Mizuho, with a preliminary prospectus available from UBS Securities LLC and Evercore Group LLC.

The IPO has been underwritten by a consortium of major financial institutions, including UBS Investment Bank, Evercore ISI, Cantor Fitzgerald and Mizuho, which will ensure broad market reach. The underwriters will also have the option to purchase an additional 3.75 million shares within 30 days.

Proceeds from the IPO will be used to fund the build-out of project infrastructure (power and data shells), procurement of long lead-time components, staffing, operational flexibility, and general corporate purposes.

Market reports suggest that the pricing of the Fermi IPO stock will occur on 30 September 2025, with trading expected to begin on 1 October 2025 on the NASDAQ. If successful, Fermi America could quickly become one of the most high-profile listings of the year, reflecting surging global demand for energy-secure AI infrastructure.

Fermi IPO Timeline

Date	Event
Sept 8, 2025	Fermi files initial IPO paperwork
Sept 24, 2025	Roadshow launched, offering terms announced
Sept 30, 2025	Pricing of IPO shares
Oct 1, 2025	Trading debut expected on Nasdaq and LSE

In its IPO, Fermi sold 32.5 million shares at $21 each after marketing them between $18 and $22.

Its stock opened at $25, $4 higher than the offer price of $21, amidst skyrocketing investor confidence in the AI infrastructure space. According to Rick Perry, co-founder of Fermi and former US Energy Secretary, the company successfully raised $682.5 million as part of its initial public offering (IPO).

The launch exceeded expectations, with Fermi shares opening 19% above the offer price in their Nasdaq debut on October 1, valuing the data center real estate investment trust at $14.8 billion amid surging investor enthusiasm for AI infrastructure stocks.

While development-stage firms have gone public before, it’s unusual for a company under a year old with no revenue to pursue an IPO at a $10 billion-plus valuation.

＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now

What’s the Significance of Fermi IPO?

As AI models grow in size, the demand for high-powered computing and energy provision increases exponentially. Fermi aims to establish itself as a key enabler of next-generation AI infrastructure by providing co-located power and data. If the debut on the open market is successful, Fermi America could quickly become one of the most high-profile listings of the year, reflecting the surging global demand for energy-secure AI infrastructure. Furthermore, Fermi could capture part of a critical and scarce resource: secure, low-latency, high-availability power and compute colocation.

Fermi’s structure as a REIT (real estate investment trust) could provide tax benefits for investors and attract infrastructure/income-oriented capital. This could attract institutional or yield-seeking investors who view data centres as infrastructure rather than speculative technology.

For investors seeking exposure to the intersection of energy security and artificial intelligence growth, the Fermi IPO represents a unique entry point. If executed as planned, Fermi stock could define a new category of real estate and infrastructure, making FRMI stock a notable addition to the market.

While there is strong enthusiasm for the Fermi IPO, some analysts have highlighted concerns. Questions surrounding water usage, grid interconnection and long-term construction financing could call into question the viability of Fermi Inc.’s projections. Public commentary has also raised scepticism about the realism of the timelines for power delivery.

[TRADE_PLUGIN]BTCUSDT,BTCUSDT[/TRADE_PLUGIN]

Fermi (FRMI) Stock Price Prediction 2025, 2026 And 2030

Fermi (FRMI) is a nascent AI–infrastructure / energy-grid / data center real estate investment trust (REIT) that has drawn strong investor attention despite having no revenue at IPO. the FRMI stock could attract strong demand if it demonstrates robust growth metrics and a clear path to profitability. However, volatility in stocks and investor sentiment may affect its market performance.

Below are data-driven, scenario-based price forecasts for Fermi (FRMI) stock that combine the stock’s listing performance, public financials, and broader market dynamics.

Fermi (FRMI) Stock Price Prediction 2025

At the initial public offering (IPO), Fermi offered shares in the $18–$22 range. It performed strongly in early trading, opening at around $25 and surging to close initially at $32.53 — a 55% gain on the $21 IPO price.

Given the strong price traction of its IPO, the 2025 outcomes could be as follows:

Bullish Scenario: If Fermi can deliver early progress—e.g. securing utility deals, partnering for grid licensing, or signing early tenant letters of intent—the stock might rally to $40 by year-end. This presumes investor confidence in its roadmap, favorable AI infrastructure demand, and multiple expansion from speculative premium.
Moderate Scenario: A more cautious outcome could see FRMI stabilise at around $30, reflecting successful IPO momentum, but this would be tempered by the lack of substantive revenue or operational history.
Bearish Scenario: If execution falters, permitting or regulatory challenges arise, or capital costs escalate, the stock might retreat toward $20 , which is close to its IPO range and reflective of discounting risk.

Fermi (FRMI) Stock Price Prediction 2026

In 2026, Fermi must begin demonstrating progress in power delivery, data center leases, and energy infrastructure execution. The market will price whether the company is delivering on promises.

Bullish Scenario: Should Fermi start generating early revenue through power contracts or lease commitments, 2026 might see FRMI reach a peak level of $60, assuming strong multiple expansion, scarce comparable peers, and AI infrastructure tailwinds.
Moderate Scenario: In a steadier path, FRMI might settle between $45, reflecting partial execution, incremental wins, and still a degree of speculative premium.
Bearish Scenario: If delays or capital cost burdens persist, FRMI may dip to a lowest level of $30 as investors scale back expectations and risk discounting intensifies.

Fermi (FRMI) Stock Price Prediction 2030

By 2030, Fermi’s valuation depends on whether it transitions into a stable, operational AI power + data real estate platform.

Bullish Scenario: If Project Matador becomes operational with gigawatt-scale power production, stable tenant revenue, multiples similar to established REIT / AI infrastructure names, FRMI could trade in a maximum price of $100.
Moderate Scenario: If progress is solid but competition, margin pressures, regulatory risk and cyclicality persist, FRMI might target $70 as a “successful but not hyper growth” valuation.
Bearish Scenario: If Fermi struggles to execute, fails to attract tenants, or the AI infrastructure demand cooling, the stock could stagnate or decline to $40—essentially reverting to an early-stage, speculative infrastructure risk.

The table below summarizes our price projections for the Fermi (FRMI) stock price in 2025, 2026 and 2030.

Year	Low Case	Base Case	Bull Case
2025	$20	$30	$40
2026	$30	$45	$60
2030	$40	$70	$100

Note: These are not investment recommendations — they are structured outlooks that identify key upside drivers and downside risks you should monitor.

＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now

Should You Buy FRMI Stock After IPO?

Investing in Fermi (FRMI) post-IPO requires carefully weighing both the growth opportunities and the potential risks. Below are key benefits and risks for investors to consider:

Benefits to Consider	Risks to Weigh
High upside potential: If executed as planned, Fermi stock could define a new category of real estate and infrastructure, making its ticker FRMI stock one to watch as markets open.	Profitability Challenges: As Fermi is a pre-revenue, development-stage company with speculative execution risk, its path to profitability will be long and capital intensive.
AI infrastructure exposure: Rather than investing in chips or AI software, FRMI offers a play on foundational infrastructure.	Regulatory & nuclear complexity: If Fermi’s nuclear plans or permitting hit snags, cost and schedule overruns could be significant.
Institutional Investor Appeal: By entering public markets, Fermi will likely attract new institutional investors who previously avoided private placements. This increased visibility and liquidity could enhance stability post-IPO, while also broadening its shareholder base to long-term holders aligned with the company’s growth trajectory.	Valuation and Market Volatility: Like many other similar IPOs, Fermi may experience strong initial demand, raising the risk of short-term overvaluation. Historical data shows that IPOs fueled by hype often underperform over the medium term, particularly if investor expectations are not met.

In the early months after its debut, it may be wise for investors to monitor FRMI stock closely, especially during the post-IPO lock-up period, before making significant commitments. When investing in newly listed companies like Fermi, a diversified approach and a clear understanding of risk tolerance are key.

[TRADE_PLUGIN]BTCUSDT,BTCUSDT[/TRADE_PLUGIN]

Conclusion

Fermi’s IPO under the ticker FRMI is a bold bet on the convergence of AI demand and infrastructure development. PFRMI is entering the public markets with promising metrics backed by its strong debut performance. If executed as planned, Fermi stock could establish a new category of real estate and infrastructure, making FRMI stock a notable addition to the market.

There is potential for a strong post-IPO move, especially if institutional demand, favourable sentiment and early execution align. However, whether FRMI stock ‘explodes’ or not will depend heavily on significant execution, regulatory and funding risks, as well as investor patience. As with all IPOs, the path is not linear, and significant downside risk exists if any of the key assumptions prove incorrect.

＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now

About BTCC

Holding regulatory licenses in the U.S., Canada, and Europe, BTCC is a well-known cryptocurrency exchange, boasting an impeccable security track record since its establishment in 2011, with zero reported hacks or breaches. BTCC platform provides a diverse range of trading features, including demo trading, crypto copy trading, spot trading, as well as crypto futures trading with a leverage of up to 500x. If you want to engage in cryptocurrency trading, you can start by signing up for BTCC.

BTCC is among the best and safest platforms to trade cryptos in the world. The reasons why we introduce BTCC for you summarize as below:

Industry-leading security
High Liquidity & Volume
Extremely low fees
High and rich bonus
Excellent customer service
＼Unlock Up To 10,055 USDT In Welcome Rewards!／

Sign Up BTCC Now