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Andrew Fisher

Andrew Fisher

Research Analyst at Berenberg

London, GB

Andrew Fisher is an Equity Analyst at Berenberg, specializing in financial services with a particular focus on companies in this sector. He is known for his analytical work on publicly traded firms, maintaining a high rate of Buy recommendations—constituting around 80% of his analyst calls—and earning an overall TipRanks performance ranking in the top 1,400 Wall Street analysts. Fisher began his career in equity research, later joining Berenberg where he continues to provide investment insights and recommendations. His professional credentials include expertise in equity analysis and a reputation for strong research within the financial services sector.

Andrew Fisher's questions to Fermi (FRMI) leadership

Question · Q3 2025

Andrew Fisher from Berenberg asked for more details on the natural gas pipeline construction planned for 2026, specifically regarding hurdles, permitting, or other requirements. He also inquired about the 3.5 GW additional capacity LOI with Siemens, asking if it signifies a secured position in their order book and if it's primarily about agreeing on price and execution.

Answer

CEO Toby Neugebauer expressed excitement about the ongoing ditch digging and pipe laying for the gas interconnect, which will bring roughly 300 million cubic feet a day, sufficient for the first 2.2-2.5 GW. He emphasized the challenge of flawlessly designing the campus's internal gas distribution system for 6 GW. Regarding Siemens, Neugebauer indicated a desire for a homogeneous SGT800 campus for ease of maintenance and operation, suggesting they are working towards securing more units without specific announcements. He highlighted the SGT800's size for redundancy with battery, mobile, or grid power.

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