Fermi Inc. Common Stock (FRMI)

US — Utilities Sector
Peers: LNT  EVRG  SRE  EMA  DUK  OKLO  AQNB  SBS  SO  BIP 

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Key Metrics & Ratings

  • symbol FRMI
  • Rev/Share 0.0
  • Book/Share 0.6484
  • PB 11.1043
  • Debt/Equity 0.4147
  • CurrentRatio 0.0
  • ROIC 0.6675

 

  • MktCap 4420982880.0
  • FreeCF/Share -0.0975
  • PFCF -97.185
  • PE -9.51
  • Debt/Assets 0.2495
  • DivYield 0
  • ROE -1.1676

 

  • Rating C-
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 1
  • D/E Score 4

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation FRMI Berenberg -- Buy -- $37 Oct. 27, 2025
Initiation FRMI Cantor Fitzgerald -- Overweight -- $27 Oct. 27, 2025
Initiation FRMI Macquarie -- Outperform -- $35 Oct. 27, 2025
Initiation FRMI Mizuho -- Outperform -- $27 Oct. 27, 2025
Initiation FRMI Rothschild & Co Redburn -- Buy -- $31 Oct. 27, 2025
Initiation FRMI Stifel -- Buy -- $29 Oct. 27, 2025
Initiation FRMI UBS -- Buy -- $30 Oct. 27, 2025

News

FERMI CLASS ACTION REMINDER: Bragar Eagel & Squire, P.C. Urges Fermi, Inc. Stockholders to Contact the Firm Regarding Their Rights Before March 6th
FRMI
Published: January 14, 2026 by: GlobeNewsWire
Sentiment: Neutral

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Fermi (FRMI) To Contact Him Directly To Discuss Their Options

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image for news FERMI CLASS ACTION REMINDER: Bragar Eagel & Squire, P.C. Urges Fermi, Inc. Stockholders to Contact the Firm Regarding Their Rights Before March 6th
Bronstein, Gewirtz & Grossman LLC Urges Fermi Inc. Investors to Act: Class Action Filed Alleging Investor Harm
FRMI
Published: January 14, 2026 by: GlobeNewsWire
Sentiment: Neutral

New class action for Fermi Inc. (FRMI) urges investors to seek recovery for alleged securities fraud violations – lead plaintiff deadline of 3/6/2026.

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image for news Bronstein, Gewirtz & Grossman LLC Urges Fermi Inc. Investors to Act: Class Action Filed Alleging Investor Harm
Deadline Alert: Fermi Inc. (FRMI) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
FRMI
Published: January 14, 2026 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP reminds investors of the upcoming March 6, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI ) investors who purchased: (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company's October 2025 initial public offering (“IPO” or the “Offering”); and/or (b) securities between October 1, 2025 and December 11, 2025, inclusive (the “Class Period”).

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image for news Deadline Alert: Fermi Inc. (FRMI) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fermi
FRMI
Published: January 14, 2026 by: GlobeNewsWire
Sentiment: Neutral

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Fermi To Contact Him Directly To Discuss Their Options

Read More
image for news INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fermi
The State Of REITs: January 2026 Edition
ALEX, AMT, BBRE, DFAR, EQIX, FREL, FRMI, ICF, IYR, JPRE, NETL, NURE, PCH, PLD, PLYM, PPTY, REIT, REZ, RWR, SCHH, SOHO, USRT, VNQ, WELL, WSR
Published: January 14, 2026 by: Seeking Alpha
Sentiment: Negative

The REIT sector closed out 2025 with a tough December (-1.48%) and finishing the year with a -3.57% total return for 2025. Small caps (+0.51%) eked out a small gain in December, while mid caps (-1.77%), large caps (-2.55%) and micro caps (-3.88%) fell at the close of the year. 42.04% of REIT securities had a positive total return in December with only 38.36% in the black for the full year.

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image for news The State Of REITs: January 2026 Edition
ATTENTION: FRMI INVESTORS: Contact Berger Montague About a Fermi Inc. Class Action Lawsuit
FRMI
Published: January 14, 2026 by: Newsfile Corp
Sentiment: Neutral

Philadelphia, Pennsylvania--(Newsfile Corp. - January 14, 2026) - National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) ("Fermi" or the "Company") on behalf of investors who purchased or otherwise acquired Fermi securities during the period of October 1, 2025 through December 11, 2025 (the "Class Period"), including in the Company's initial public offering on October 1, 2025. Investor Deadline: Investors who purchased Fermi securities during the Class Period may, no later than March 6, 2026, seek to be appointed as a lead plaintiff representative of the class.

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image for news ATTENTION: FRMI INVESTORS: Contact Berger Montague About a Fermi Inc. Class Action Lawsuit
FRMI FRAUD NOTICE: BFA Law Notifies Fermi Inc. Investors that the Company was Sued for Fraud and to Contact the Firm by March 6 Class Action Deadline
FRMI
Published: January 13, 2026 by: Newsfile Corp
Sentiment: Neutral

New York, New York--(Newsfile Corp. - January 13, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI), certain of the Company's senior executives and directors, and underwriters of Fermi's Initial Public Offering after a significant stock drop resulting from potential violations of the federal securities laws. If you invested in Fermi, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/fermi-inc-class-action-lawsuit.

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image for news FRMI FRAUD NOTICE: BFA Law Notifies Fermi Inc. Investors that the Company was Sued for Fraud and to Contact the Firm by March 6 Class Action Deadline
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Fermi Inc. of Class Action Lawsuit and Upcoming Deadlines - FRMI
FRMI
Published: January 13, 2026 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

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image for news INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Fermi Inc. of Class Action Lawsuit and Upcoming Deadlines - FRMI
Fermi Inc. (FRMI) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
FRMI
Published: January 13, 2026 by: PRNewsWire
Sentiment: Neutral

BENSALEM, Pa., Jan. 13, 2026 /PRNewswire/ -- The Law Offices of Howard G.

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image for news Fermi Inc. (FRMI) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
FRMI STOCK DROP ALERT: Fermi Inc. Stock Plummets 33% After Cancellation of Customer Agreement, Investors Notified to Contact BFA Law About the Class Action Lawsuit
FRMI
Published: January 12, 2026 by: Newsfile Corp
Sentiment: Neutral

New York, New York--(Newsfile Corp. - January 12, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI), certain of the Company's senior executives and directors, and underwriters of Fermi's Initial Public Offering after a significant stock drop resulting from potential violations of the federal securities laws. If you invested in Fermi, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/fermi-inc-class-action-lawsuit.

Read More
image for news FRMI STOCK DROP ALERT: Fermi Inc. Stock Plummets 33% After Cancellation of Customer Agreement, Investors Notified to Contact BFA Law About the Class Action Lawsuit
FRMI Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Fermi Inc. Class Action
FRMI
Published: January 12, 2026 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Fermi Inc. (NASDAQ: FRMI): (a) common stock pursuant to the registration statement issued in connection with the Company's October 2025 initial public offering ("IPO"); or (b) securities between October 25, 2025 and December 11, 2025. Fermi purports to be an energy and artificial intelligence (“AI”) infrastructure company.

Read More
image for news FRMI Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Fermi Inc. Class Action
Fermi Inc. (FRMI) Slapped With Securities Class Action Over IPO And Subsequent Disclosures -- Hagens Berman
FRMI
Published: January 12, 2026 by: GlobeNewsWire
Sentiment: Neutral

SAN FRANCISCO, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Hyperscaler development company Fermi Inc. (NASDAQ: FRMI) is facing a proposed securities class action stemming from its highly anticipated initial public offering completed just weeks before stunning the investment community with its December announcement that the prospective anchor tenant (“First Tenant”) for the company's Project Matador (the company's Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction. Hagens Berman is investigating the alleged claims that Fermi IPO materials were misleading and urges investors in Fermi who suffered significant losses …

Read More
image for news Fermi Inc. (FRMI) Slapped With Securities Class Action Over IPO And Subsequent Disclosures -- Hagens Berman
STOCKHOLDER ALERT: Pending Securities Fraud Lawsuit Against Fermi Inc. (FRMI)
FRMI
Published: January 12, 2026 by: Newsfile Corp
Sentiment: Neutral

Philadelphia, Pennsylvania--(Newsfile Corp. - January 12, 2026) - National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) ("Fermi" or the "Company") on behalf of investors who purchased or otherwise acquired Fermi securities during the period of October 1, 2025 through December 11, 2025 (the "Class Period"), including in the Company's initial public offering on October 1, 2025. Investor Deadline: Investors who purchased Fermi securities during the Class Period may, no later than March 6, 2026, seek to be appointed as a lead plaintiff representative of the class.

Read More
image for news STOCKHOLDER ALERT: Pending Securities Fraud Lawsuit Against Fermi Inc. (FRMI)
Fermi Inc. (FRMI) Slapped With Securities Class Action Over IPO And Subsequent Disclosures -- Hagens Berman
FRMI
Published: January 09, 2026 by: PRNewsWire
Sentiment: Neutral

SAN FRANCISCO, Jan. 9, 2026 /PRNewswire/ -- Hyperscaler development company Fermi Inc. (NASDAQ: FRMI) is facing a proposed securities class action stemming from its highly anticipated initial public offering completed just weeks before stunning the investment community with its December announcement that the prospective anchor tenant ("First Tenant") for the company's Project Matador (the company's Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction. Hagens Berman is investigating the alleged claims that Fermi IPO materials were misleading and urges investors in Fermi who suffered significant losses to …

Read More
image for news Fermi Inc. (FRMI) Slapped With Securities Class Action Over IPO And Subsequent Disclosures -- Hagens Berman
Deadline Alert: Fermi Inc. (FRMI) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
FRMI
Published: January 09, 2026 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Jan. 09, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP reminds investors of the upcoming March 6, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI) investors who purchased: (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company's October 2025 initial public offering (“IPO” or the “Offering”); and/or (b) securities between October 1, 2025 and December 11, 2025, inclusive (the “Class Period”).

Read More
image for news Deadline Alert: Fermi Inc. (FRMI) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
FRMI INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fermi
FRMI
Published: January 09, 2026 by: GlobeNewsWire
Sentiment: Neutral

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Fermi To Contact Him Directly To Discuss Their Options

Read More
image for news FRMI INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fermi
Bronstein, Gewirtz & Grossman LLC Urges Fermi Inc. Investors to Act: Class Action Filed Alleging Investor Harm
FRMI
Published: January 08, 2026 by: PRNewsWire
Sentiment: Neutral

NEW YORK, Jan. 8, 2026 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) and certain of its officers. This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Fermi securities: (1) pursuant to the registration statement and prospectus issued in connection with the Company's October 2025 initial public offering ("IPO"); or (ii) between October 1, 2025, and December 11, 2025, both dates inclusive …

Read More
image for news Bronstein, Gewirtz & Grossman LLC Urges Fermi Inc. Investors to Act: Class Action Filed Alleging Investor Harm
Berger Montague PC Investigating Claims on Behalf of Fermi Inc. (FRMI) Investors After Class Action Filing
FRMI
Published: January 07, 2026 by: Newsfile Corp
Sentiment: Neutral

Philadelphia, Pennsylvania--(Newsfile Corp. - January 7, 2026) - National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) ("Fermi" or the "Company") on behalf of investors who purchased or otherwise acquired Fermi securities during the period of October 1, 2025 through December 11, 2025 (the "Class Period"), including in the Company's initial public offering on October 1, 2025. Investor Deadline: Investors who purchased Fermi securities during the Class Period may, no later than March 6, 2026, seek to be appointed as a lead plaintiff representative of the class.

Read More
image for news Berger Montague PC Investigating Claims on Behalf of Fermi Inc. (FRMI) Investors After Class Action Filing
Deadline Alert: Fermi Inc. (FRMI) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
FRMI
Published: January 07, 2026 by: Business Wire
Sentiment: Neutral

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP reminds investors of the upcoming March 6, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI) investors who purchased: (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company's October 2025 initial public offering (“IPO” or the “Offeri.

Read More
image for news Deadline Alert: Fermi Inc. (FRMI) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fermi
FRMI
Published: January 07, 2026 by: Newsfile Corp
Sentiment: Neutral

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses in Fermi to Contact Him Directly to Discuss Their Options If you purchased or otherwise acquired securities in Fermi (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's October 2025 initial public offering ("IPO" or the "Offering"); and/or (b) securities between October 1, 2025 and December 11, 2025, inclusive (the "Class Period") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 …

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image for news INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fermi
Investor Notice: Robbins LLP Informs Investors of the Fermi Inc. Securities Class Action
FRMI
Published: January 06, 2026 by: Business Wire
Sentiment: Neutral

SAN DIEGO--(BUSINESS WIRE)---- $FRMI #Electricity--Robbins LLP informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Fermi Inc. (NASDAQ: FRMI): (a) common stock pursuant to the registration statement issued in connection with the Company's October 2025 initial public offering ("IPO"); or (b) securities between October 25, 2025 and December 11, 2025. Fermi purports to be an energy and artificial intelligence (“AI”) infrastructure company. For more information.

Read More
image for news Investor Notice: Robbins LLP Informs Investors of the Fermi Inc. Securities Class Action
Law Offices of Frank R. Cruz Encourages Fermi Inc. (FRMI) Shareholders to Inquire About Securities Fraud Class Action
FRMI
Published: January 06, 2026 by: Business Wire
Sentiment: Neutral

LOS ANGELES--(BUSINESS WIRE)--Law Offices of Frank R. Cruz Encourages Fermi Inc. (FRMI) Shareholders to Inquire About Securities Fraud Class Action.

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image for news Law Offices of Frank R. Cruz Encourages Fermi Inc. (FRMI) Shareholders to Inquire About Securities Fraud Class Action
Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI
FRMI
Published: January 05, 2026 by: PRNewsWire
Sentiment: Neutral

LOS ANGELES, Jan. 5, 2026 /PRNewswire/ -- The DJS Law Group announces that it is investigating claims on behalf of investors of Fermi Inc. ("Fermi" or "the Company") (NASDAQ: FRMI) for violations of the securities laws. INVESTIGATION DETAILS: The investigation focuses on whether the Company issued misleading statements and/or failed to disclose information pertinent to investors.

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image for news Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI
FRMI Investors Have Opportunity to Join Fermi Inc. Fraud Investigation with the Schall Law Firm
FRMI
Published: January 05, 2026 by: PRNewsWire
Sentiment: Neutral

LOS ANGELES, Jan. 5, 2026 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Fermi Inc. ("Fermi" or "the Company") (NASDAQ: FRMI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Read More
image for news FRMI Investors Have Opportunity to Join Fermi Inc. Fraud Investigation with the Schall Law Firm
FRMI Investors Have Opportunity to Join Fermi Inc. Fraud Investigation with the Schall Law Firm
FRMI
Published: January 01, 2026 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Jan. 01, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Fermi Inc. (“Fermi” or “the Company”) (NASDAQ: FRMI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Read More
image for news FRMI Investors Have Opportunity to Join Fermi Inc. Fraud Investigation with the Schall Law Firm
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fermi Inc. - FRMI
FRMI
Published: January 01, 2026 by: PRNewsWire
Sentiment: Neutral

NEW YORK, Jan. 1, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fermi Inc. ("Fermi" or the "Company") (NASDAQ: FRMI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fermi Inc. - FRMI
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fermi Inc. - FRMI
FRMI
Published: December 30, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fermi Inc. - FRMI
FRMI INVESTIGATION ALERT: Investigation Launched into Fermi Inc., RGRD Law Encourages Investors and Potential Witnesses to Contact Law Firm
FRMI
Published: December 29, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, Dec. 29, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Fermi Inc. (NASDAQ: FRMI) focused on whether Fermi as well as certain of its executives made false and/or misleading statements and/or failed to disclose material information to investors. If you have information that could assist in the Fermi investigation or if you are a Fermi investor who suffered a loss and would like to learn more, you can provide your information here: https://www.rgrdlaw.com/cases-fermi-inc-investigation-frmi.html You can also contact attorneys J.C.

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image for news FRMI INVESTIGATION ALERT: Investigation Launched into Fermi Inc., RGRD Law Encourages Investors and Potential Witnesses to Contact Law Firm
Hagens Berman Investigating Fermi Inc. (FRMI) as Shares Tank 33% Amid First Tenant Contract Termination
FRMI
Published: December 23, 2025 by: Business Wire
Sentiment: Neutral

SAN FRANCISCO--(BUSINESS WIRE)--On December 12, 2025, investors in Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater about 33% after the company revealed that a prospective anchor tenant (“First Tenant”) for Fermi's Project Matador (the company's Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction. The company has billed Matador as a multi-gigawatt energy and data center developmen.

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image for news Hagens Berman Investigating Fermi Inc. (FRMI) as Shares Tank 33% Amid First Tenant Contract Termination
FRMI INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Launches Investigation into Fermi Inc., and Encourages Investors and Potential Witnesses to Contact Law Firm
FRMI
Published: December 22, 2025 by: Business Wire
Sentiment: Neutral

SAN DIEGO--(BUSINESS WIRE)---- $FRMI #FRMI--The law firm of Robbins Geller is investigating potential violations of U.S. federal securities laws involving Fermi Inc. (NASDAQ: FRMI).

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image for news FRMI INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Launches Investigation into Fermi Inc., and Encourages Investors and Potential Witnesses to Contact Law Firm

About Fermi Inc. Common Stock (FRMI)

  • IPO Date 2025-10-01
  • Website http://www.fermiamerica.com
  • Industry Regulated Electric
  • CEO Toby R. Neugebauer
  • Employees 1

Fermi, Inc. engages in the development of energy infrastructure. It intends to develop an energy and data center development campus to support the needs of to-be-built AI infrastructure. The company was founded by Rick Perry, Toby Neugebauer and Griffin Perry on January 10, 2025 and is headquartered in Amrillo, TX.