Fermi Inc stock slides 10% on fresh class-action filing headlines, with Evercore conference next
Fermi Inc shares fell 11% to $8.50 Wednesday after plaintiffs’ firms circulated notices of a securities class action tied to its IPO and Project Matador disclosures. The lawsuit follows Fermi’s December revelation that its first tenant withdrew a $150 million funding pact for the Texas project. Investors await a company update at an Evercore conference Jan. 8.
