Core Insights - Fermi Ord Shs (NASDAQ:FRMI) experienced a significant price increase following its Nasdaq debut, closing at $35.50 after-hours, a 9.14% rise from the previous day [1] - The company debuted at $25, reflecting a 19% increase from its initial public offering (IPO) price of $21, resulting in a valuation of $14.8 billion [2] Company Overview - Fermi, a data center real estate investment trust (REIT), sold 32.5 million shares at $21 each, after initially pricing them between $18 and $22 [3] - Founded in January 2025, Fermi achieved a $12.5 billion IPO valuation shortly after issuing convertible bonds at a $3 billion valuation, marking it as a rare pre-revenue company with a valuation exceeding $10 billion [4] Project and Future Plans - Co-founded by Rick Perry, Fermi aims to build an energy and data complex powered by nuclear, natural gas, and solar energy, with Project Matador expected to deliver 1.1 gigawatts by the end of 2026 and plans to scale up to 11 gigawatts [5] - The company has entered a non-binding 20-year letter of intent with its first tenant, with revenue anticipated to start in 2027 [5] Market Sentiment - Despite the positive debut, Benzinga's Edge Stock Rankings indicate that FRMI has a negative price trend across all time frames [6]

Group 1 - Fermi is targeting to raise $715 million in its upsized U.S. initial public offering [1] - The company aims to capitalize on the increasing demand for energy infrastructure [1]

Core Viewpoint - Digital Realty Trust (DLR) is expected to report year-over-year growth in revenues and funds from operations (FFO) per share for the first quarter of 2025, with results anticipated on April 24 [1] Financial Performance - In the prior quarter, Digital Realty reported a core FFO per share of $1.73, exceeding the Zacks Consensus Estimate of $1.70, driven by steady leasing momentum and improved rental rates despite higher operating expenses [2] - Over the last four quarters, Digital Realty's core FFO per share surpassed the Zacks Consensus Estimate three times, with an average beat of 1.36% [3] Market Position and Demand - Digital Realty benefits from a global footprint of 308 data centers across more than 50 metropolitan areas, capitalizing on strong demand driven by digital transformation, cloud computing, and artificial intelligence [3][4] - The company has a high-quality, diversified customer base, primarily consisting of investment-grade tenants from various industries, which is expected to support stable revenue generation [5] Revenue Projections - The Zacks Consensus Estimate for rental revenues in the first quarter is $972.3 million, reflecting an 8.7% increase from $894.4 million in the same quarter last year [6] - Total revenue is projected at $1.42 billion, indicating a year-over-year increase of 6.8% [6] Interest Rate Impact - High interest rates are anticipated to negatively affect quarterly performance by increasing borrowing costs, which may hinder the company's ability to purchase or develop real estate [7] Analyst Sentiment - The Zacks Consensus Estimate for quarterly FFO per share has slightly decreased to $1.73, representing a year-over-year growth of 3.6% [8] - The current Earnings ESP for Digital Realty is 0.00%, and it holds a Zacks Rank of 3, indicating no strong prediction for a surprise in FFO this quarter [9]