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.