Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Fermi Inc. ( (FRMI) ).
In September 2025, Fermi Inc. entered into a non-binding letter of intent with an investment grade-rated tenant to lease a portion of the Project Matador Site. By November 2025, they had signed an Advance in Aid of Construction Agreement, with the tenant agreeing to advance up to $150 million for construction costs, although no funds were drawn. The exclusivity period expired on December 9, 2025, and discussions with other potential tenants began. On December 11, 2025, the tenant terminated the agreement, but negotiations for a lease continue. Fermi Inc. remains optimistic about meeting its power delivery schedule at Project Matador due to strong demand for AI power solutions.
The most recent analyst rating on (FRMI) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Fermi Inc. stock, see the FRMI Stock Forecast page.
More about Fermi Inc.
Average Trading Volume: 5,767,881
Find detailed analytics on FRMI stock on TipRanks’ Stock Analysis page.