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NASDAQ:FRMI 24 September 2025 - 26 February 2026

Fermi Inc (FRMI) stock price rises premarket as REIT tax risk and earnings date grab attention

Fermi Inc (FRMI) stock price rises premarket as REIT tax risk and earnings date grab attention

Fermi Inc shares rose 1.4% to $10.19 in premarket trading Wednesday after an 11.9% jump Tuesday. The company set March 30 for its fourth-quarter and full-year 2025 results call. Investors are watching a March 6 court deadline in a securities fraud class action and weighing risks to Fermi’s REIT tax status amid questions about its power sales.
25 February 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 Swings Again on Dec. 16, 2025: Project Matador Funding Fallout, Latest News, Analyst Targets, and What Investors Are Watching

Fermi Inc (FRMI) Stock Swings Again on Dec. 16, 2025: Project Matador Funding Fallout, Latest News, Analyst Targets, and What Investors Are Watching

Fermi Inc. shares traded near $8.59 Tuesday after the company disclosed its first prospective tenant at Project Matador in Texas terminated a $150 million construction funding agreement. The tenant’s move followed the expiration of an exclusivity period on December 9. Lease negotiations are ongoing, but no funds were advanced. The stock remains volatile after last week’s sharp selloff.
16 December 2025
Fermi Inc. Stock (NASDAQ: FRMI) Slides After $150 Million Project Matador Funding Pact Ends — Today’s News, Forecasts, and Analyst Targets (Dec. 15, 2025)

Fermi Inc. Stock (NASDAQ: FRMI) Slides After $150 Million Project Matador Funding Pact Ends — Today’s News, Forecasts, and Analyst Targets (Dec. 15, 2025)

Fermi Inc. confirmed its first prospective tenant terminated a $150 million construction funding agreement tied to Project Matador in Texas. FRMI shares fell to $8.58 on December 15, extending last week’s slide after the news broke. No funds were drawn under the deal; lease talks continue. Fermi says it is now in discussions with other potential tenants for 2026 power delivery.
15 December 2025
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Fermi Inc Stock (FRMI) Hit by $150M Tenant Funding Exit: Latest News, Forecasts, and Analyst Targets as of Dec. 15, 2025

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.
15 December 2025
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Fermi Inc. (FRMI) Stock News Today: $150M Funding Deal Terminated, Project Matador Updates, and Analyst Price Targets (Dec. 14, 2025)

Fermi Inc. (FRMI) Stock News Today: $150M Funding Deal Terminated, Project Matador Updates, and Analyst Price Targets (Dec. 14, 2025)

Fermi Inc. shares plunged 34% Friday after its first prospective tenant terminated a $150 million construction funding agreement for Project Matador in West Texas. The company disclosed no funds had been drawn and lease talks continue, but the stock saw record volatility and heavy volume. FRMI closed around $10.09, down sharply from post-IPO highs. Fermi remains pre-revenue and is seeking new tenants for 2026.
14 December 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. (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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Fermi Inc (FRMI) Stock Plunges After $150M Tenant Funding Deal Ends — What Happened This Week, and the Week-Ahead Outlook (Updated 13 December 2025)

Fermi Inc (FRMI) Stock Plunges After $150M Tenant Funding Deal Ends — What Happened This Week, and the Week-Ahead Outlook (Updated 13 December 2025)

Fermi Inc. shares plunged Friday after a prospective first tenant terminated a $150 million construction-funding deal for Project Matador, the company’s Texas data center project. FRMI last traded at $10.09, down sharply after volatile, high-volume trading. No funds had been drawn under the agreement. Fermi says lease talks with the tenant continue and discussions with other prospects are underway.
13 December 2025
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Rick Perry’s $15B Data Center Dream Goes Public in AI Gold Rush

Rick Perry’s $15B Data Center Dream Goes Public in AI Gold Rush

Fermi America raised $682.5 million in its September 2025 IPO, valuing the AI infrastructure startup at up to $15 billion. Shares opened nearly 19% higher on Nasdaq, with a London listing following. The company plans a 5,000-acre AI campus near Amarillo, Texas, aiming to deliver up to 11 GW of power. Co-founded by Rick Perry, Fermi is pre-revenue and seeking federal loans and reactor approvals.
1 October 2025
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Rick Perry’s $13 Billion AI Data Center REIT – 2025 Analysis, Expert Insights & Future Outlook

Rick Perry’s $13 Billion AI Data Center REIT – 2025 Analysis, Expert Insights & Future Outlook

Fermi, a Texas data center REIT co-founded by Rick Perry, set IPO terms on September 24, 2025, seeking a $13.16 billion valuation and aiming to raise $550 million. The company, pre-revenue and founded in January, plans to build a 5,200-acre Amarillo campus with up to 11 GW of power, backed by $350 million in pre-IPO financing and a 99-year land lease with Texas Tech University.
24 September 2025
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