Fermi's Strong IPO Debut Driven by Data Center and Power Ambitions
"The third name is Fermy. This is another IPO story. The ticker is FRMI. The stock is up by 54% today. ... This is the real estate investment trust founded by the former US Secretary of Energy Rick Perry. ... it expects to have 1 GW of power online by the end of next year and then about 11 GW of power by 2023."
— Bloomberg News equities reporter Natalya / Kenny Javich
Fermi (ticker FRMI) made a strong market debut with a 54% surge on its IPO, reflecting investor enthusiasm for its integration of data center real estate and energy infrastructure. With ambitious power capacity targets and backing from a well-known political figure, the company may capture interest from momentum investors looking for exposure to infrastructure and tech convergence.
Company CommentaryBullish High ConvictionScore: 8.6
Company Opinion •Stock Movers • Oct 1, 2025