FRMI
Fermi Announces First Siemens Turbines Arrive at Port of Houston
Article Summary
BUY- Fermi Inc. (NASDAQ: FRMI)(LSE:FRMI) announced the arrival of three Siemens Energy SGT6-5000F natural gas turbines at the Port of Houston, with the three turbines rated at up to 780 megawatts in simple-cycle mode bound for Project Matador near Amarillo, Texas, marking one of the project's largest single power-equipment moves and keeping Fermi well ahead of competitors in bringing gigawatt-scale power online.
- The delivery is the latest in a fast run of milestones with Fermi selecting TSK, Spain's largest power-focused EPC firm, for early works on phase-two turbines and Primoris Services Corporation to build balance of plant for six SGT-800 turbines in phase one, with each turbine rated at 260 megawatts and capable of 40 megawatts per minute reaching full speed in as little as five m.
- The three turbines will form the backbone of the second phase of the power buildout, with more turbines expected to follow as the Company scales toward its planned private grid.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 0.0% | 25% | 20.0 ptsMinimal (0.0%) - Very weak |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 149.0% | 20% | 100.0 ptsMassive Upside (149.0%) - Target: $16.56 vs Current: $6.65 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -82.0% | 15% | 100.0 ptsDeep Discount (-82.0%) - Best entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About FRMI
- Fermi Inc. develops next-gen private electric grids that deliver highly redundant power at gigawatt scale to support next-gen intelligence and AI computing.
- Fermi Inc combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 gigawatts of experience, to create the world's largest, up to 17 gigawatts next-gen private grid, helping ensure America's energy and AI dominance.
- The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing.
- The company was founded and incorporated on January 10th, 2025 is headquartered in Amarillo, Texas, USA.