Company Overview - Fermi Inc. is developing a large electric generation campus for AI data centers and conducted its initial public offering (IPO) on September 30, 2025, issuing approximately 32.5 million shares at an offering price of $21.00 per share [3] - The IPO's offering document indicated that Fermi entered into a letter of intent with an investment grade-rated tenant to lease a portion of the Project Matador Site for an initial lease term of twenty years, with four renewal terms of five years each [3] Recent Developments - In November 2025, Fermi announced that the First Tenant agreed to advance up to $150 million to fund construction costs through an Advance in Aid of Construction Agreement (AICA) [3] - On December 12, 2025, Fermi disclosed that the First Tenant notified them of the termination of the AICA, although negotiations for a lease agreement continued [4] Market Reaction - Following the news of the AICA termination, Fermi's stock price fell more than 33%, closing at $10.09 per share, significantly below the IPO price [4] Legal Investigation - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Fermi, focusing on whether the company and its executives made false or misleading statements or failed to disclose material information to investors [1]

Fermi Inc. (NASDAQ:FRMI) is one of the stocks Jim Cramer recently discussed. Cramer called the company “more of a business plan than an actual business,” as he remarked: “Some of my newfound cynicism with nukes comes from the tale of Fermi, this company, which is more of a business plan than an actual business, came public on October 1st at 21 bucks, raising $682 million and had a valuation of more than $19 billion at the end of its first trading day. Fermi was just a business plan, though… Their plan is ...

SAN DIEGO, Dec. 18, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Fermi Inc. (NASDAQ: FRMI) focused on whether Fermi and certain of its top 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 i ...

Fermi Inc. (NASDAQ:FRMI) is among the best NASDAQ stocks under $10 to buy. On December 15, Nicholas Amicucci, an analyst at Evercore ISI, reaffirmed a ‘Buy’ rating on Fermi Inc. (NASDAQ:FRMI), with an unchanged price target of $20, which reflects an upside potential of roughly 133% from the current price. Earlier on December 5, Fermi Inc. (NASDAQ:FRMI) announced an Electric Service Agreement with Southwestern Public Service Company (SPS), a subsidiary of Xcel Energy. Under the agreement, SPS will deliver ...

BOSTON, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Fermi Inc. (Nasdaq: FRMI) for potential securities law violations. Investors who have lost money in their Fermi Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/frmi. What is this all about? Shares of Fermi fell over 30% on December 12, dropping below their IPO price of $21 per share, after the company disclosed that a prospective c ...

We recently published 10 Stocks Shining Bright Amid Wall Street’s Dull Spell. Fermi Inc. (NASDAQ:FRMI) is one of the top performers on Tuesday. Fermi surged by 13.39 percent on Tuesday to close at $9.74 apiece as investors poured funds back into AI and high-performance computing companies, having priced in concerns about heavy investments in the sector. Fermi Inc. (NASDAQ:FRMI) rallied alongside its counterparts riding the AI wave, including Applied Digital Corp., after technology stocks took a beating o ...

Core Viewpoint - The Schall Law Firm is investigating claims against Fermi Inc. for potential violations of securities laws following a significant drop in the company's stock price due to a terminated lease agreement [1][2]. Group 1: Company Overview - Fermi Inc. is a power developer co-founded by former Texas governor Rick Perry [2]. - The company is involved in developing an artificial intelligence campus in West Texas [2]. Group 2: Recent Developments - Fermi's stock price fell by as much as 46% after a tenant terminated a $150 million lease agreement related to its AI campus project [2]. - The investigation by the Schall Law Firm focuses on whether Fermi issued false or misleading statements or failed to disclose important information to investors [2].

Core Viewpoint - DJS Law Group is investigating claims against Fermi Inc. for potential violations of securities laws following a significant drop in its stock price due to a failed funding deal [1][2]. Investigation Details - The investigation centers on whether Fermi issued misleading statements or failed to disclose critical information to investors [2]. - A Barron's article reported that Fermi's stock plummeted by 43% after the company announced a $150 million funding deal with a major tenant had fallen through [2]. - Following this news, Fermi's shares fell by over 35% during morning trading on December 12, 2025 [2]. Legal Representation - DJS Law Group specializes in securities class actions and corporate governance litigation, representing large hedge funds and alternative asset managers [4].

ATLANTA, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI) complied with federal securities laws. On December 11, 2025, the First Tenant notified Fermi that it is terminating the Advance in Aid of Construction Agreement. Following this news, the price of the Company’s stock dropped. If you purchased Fermi stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com or ...

Fermi is building a massive power grid to support AI data centers, but it just faced a major setback.Fermi (FRMI +13.50%) is perhaps among the few artificial intelligence (AI) stocks you'd not have heard about until its recent wild price swings. The stock soared 17.2% at its highest point in trading on Tuesday, but that's after a 44% plunge over the previous two trading days. Is this a dead cat bounce or an opportunity to buy Fermi before it's too late? What does Fermi do, and what's going on with its stock ...