Fermi Inc Stock (FRMI) Hit by $150M Tenant Funding Exit: Latest News, Forecasts, and Analyst Targets as of Dec. 15, 2025
Fermi Inc. shares plunged 33.84% to $10.09 on December 12 after a prospective first tenant terminated a $150 million advance agreement for Project Matador in Texas. No funds were drawn before the termination, and lease talks continue. Trading volume spiked to 63.1 million shares. Fermi is seeking other tenants for 2026 power delivery.