Today: 22 May 2026
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LSE:FRMI 14 December 2025 - 14 May 2026

Fermi Inc. (FRMI) Board Tightens Rules as Founder Fight Hits Earnings Day

Fermi Inc. (FRMI) Board Tightens Rules as Founder Fight Hits Earnings Day

Fermi Inc.’s board raised the shareholder vote threshold to 70% for key bylaw changes, complicating efforts by ousted co-founder Toby Neugebauer to reshape the board, according to a regulatory filing. The company rejected Neugebauer’s push for a special meeting and board overhaul, while his group seeks support for another meeting by late June. The changes took effect May 13.
14 May 2026
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Fermi Inc (FRMI) stock jumps nearly 10% as class-action filing adds pressure

Fermi Inc (FRMI) stock jumps nearly 10% as class-action filing adds pressure

Fermi shares jumped 9.8% to $9.53 midday Tuesday after a securities-fraud class action was filed in New York, alleging the company overstated tenant demand for its Texas campus. The suit follows a December disclosure that a key tenant terminated a $150 million commitment, which sent shares down 33.8%. Investors have until March 6 to seek lead-plaintiff status. Fermi stock remains well below its $21 IPO price.
6 January 2026
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Fermi Inc (NASDAQ: FRMI) Stock News on Dec. 24, 2025: New 52-Week Low, Project Matador Tenant Fallout, and Analyst Price Targets

Fermi Inc (NASDAQ: FRMI) Stock News on Dec. 24, 2025: New 52-Week Low, Project Matador Tenant Fallout, and Analyst Price Targets

Fermi Inc (NASDAQ: FRMI) hit a new 52-week low of $7.83 on December 24, closing near $8.04 after losing a $150 million construction funding deal for its Project Matador. Shares plunged 34% on December 12 after the prospective tenant terminated the agreement, leaving the stock far below its $21 IPO price. Trading volume reached about 1.18 million shares.
24 December 2025
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Fermi Inc (FRMI) Stock Today, Dec. 23, 2025: Tenant Funding Deal Fallout, Amazon Rumor Denial, and What Analysts Forecast Next

Fermi Inc (FRMI) Stock Today, Dec. 23, 2025: Tenant Funding Deal Fallout, Amazon Rumor Denial, and What Analysts Forecast Next

Fermi Inc. shares fell into the mid-$8 range on December 23 after a prospective anchor tenant terminated a $150 million construction-funding agreement for its Texas Project Matador campus. Business Insider reported Amazon was the tenant, but Fermi denied this to Reuters. No funds had been drawn under the agreement. Fermi says lease negotiations with the tenant are ongoing.
23 December 2025
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Fermi Inc (FRMI) Stock on Dec. 18, 2025: Amazon-Tenant Claims Clash With Company Denial as Analysts Recut Targets After Project Matador Setback

Fermi Inc (FRMI) Stock on Dec. 18, 2025: Amazon-Tenant Claims Clash With Company Denial as Analysts Recut Targets After Project Matador Setback

Fermi Inc shares closed at $8.34 on Dec. 18, down 7.98%, following a volatile week after its $150 million construction funding deal for Project Matador was terminated with no funds drawn. The stock plunged 33.84% on Dec. 12 after the announcement. Business Insider reported Amazon was the withdrawn tenant, but Fermi and its CEO denied the claim to Reuters.
18 December 2025
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Fermi Inc (FRMI) Stock News Today: Why Shares Are Swinging, Latest SEC Filing, and Analyst Price Targets (Dec. 17, 2025)

Fermi Inc (FRMI) Stock News Today: Why Shares Are Swinging, Latest SEC Filing, and Analyst Price Targets (Dec. 17, 2025)

Fermi Inc. shares fell about 9% to $8.85 Wednesday afternoon after a prospective anchor tenant for its Project Matador in Texas terminated an agreement that could have advanced up to $150 million for construction. Trading volume neared 4.25 million shares. The company disclosed the development in a December 12 SEC filing. Lease negotiations with the tenant are ongoing.
17 December 2025
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Fermi Inc. (FRMI) Stock News Today: Shares Sink After $150M Project Matador Funding Deal Ends — Forecasts, Analyst Targets, and What’s Next (Dec. 14, 2025)

Fermi Inc. (FRMI) Stock News Today: Shares Sink After $150M Project Matador Funding Deal Ends — Forecasts, Analyst Targets, and What’s Next (Dec. 14, 2025)

Fermi Inc. shares dropped 33.8% to $10.09 after a prospective tenant canceled a $150 million construction funding deal for Project Matador in Texas. No funds were drawn before termination. Lease negotiations with the tenant continue. At least one analyst cut its price target to $20, while consensus targets remain in the low $30s.
14 December 2025
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Stock Market Today

  • NYSE's Martin Questions Nasdaq Rules Attracting SpaceX IPO
    May 22, 2026, 9:22 AM EDT. Lynn Martin, President of the New York Stock Exchange (NYSE), criticized some of the Nasdaq's listing rules used to attract SpaceX's public offering as "questionable." Speaking on Bloomberg Surveillance, Martin emphasized that market integrity should not be compromised for competitive gains between stock exchanges. She noted 2023 has been a strong year for initial public offerings (IPOs) across sectors and affirmed the NYSE's commitment to bringing more companies public. Martin's remarks highlight ongoing debates over regulatory standards and competitive practices in the IPO market.

Latest articles

BMO Gets a Buy Call Before Earnings. The Catch Is in the Targets

BMO Gets a Buy Call Before Earnings. The Catch Is in the Targets

22 May 2026
Canaccord Genuity reaffirmed a Buy rating on Bank of Montreal ahead of its May 27 earnings report. BMO shares closed May 21 at C$220.06, near a 52-week high and up 23.5% year-to-date. The bank recently agreed to sell C$14.5 billion in loan and lease assets to Stonepeak, expecting a CET1 ratio boost but a C$900 million after-tax charge. Analyst consensus remains mixed, with most holding or selling.
Atmos Energy’s run in Texas faces new Wall Street target cut

Atmos Energy’s run in Texas faces new Wall Street target cut

22 May 2026
Morgan Stanley lowered its Atmos Energy price target to $183 from $195, maintaining an Equalweight rating. The move follows Atmos’ recent increase in its 2026 earnings outlook and annual dividend. Atmos shares closed at $177.46 on Thursday. Texas remains central to Atmos’ growth and regulatory strategy, with 65% of its rate base in the state.
Strive Stock’s Bitcoin Play Grows, Traders Eye the Open

Strive Stock’s Bitcoin Play Grows, Traders Eye the Open

22 May 2026
Strive Inc.’s Class A shares traded at $19.24 in Friday premarket, up from Thursday’s $18.53 close, after the company disclosed it bought 381.61 bitcoin last week, raising its total to 15,391 coins. Strive reported $87.3 million in cash and $49.8 million in Strategy Inc. preferred stock as of May 18. SATA preferred dividends will shift to daily payments starting June 16. U.S. equity markets close Monday for Memorial Day.
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