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2 days agoFermi shares slide after key funding support for Texas power project withdrawn
Shares of Fermi Inc. fell sharply after the company disclosed that the first prospective tenant for its Project Matador power facility had terminated an advance construction funding agreement. The tenant had planned to provide up to $150 million to support development of the Texas based data center power project. Fermi said no funds were drawn under the agreement and that discussions on a potential lease may continue.
Companies:
- Fermi Inc.
Tags:
- stocks
- us markets
negative
2 days agoFermi shares slide after key funding support for Texas power project withdrawn
Shares of Fermi Inc. fell sharply after the company disclosed that the first prospective tenant for its Project Matador power facility had terminated an advance construction funding agreement. The tenant had planned to provide up to $150 million to support development of the Texas based data center power project. Fermi said no funds were drawn under the agreement and that discussions on a potential lease may continue.
Companies:
- Fermi Inc.
Tags:
- stocks
- us markets
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Fermi stock dropped sharply after its first potential tenant exited a $150 million funding agreement, raising concerns around Project Matador and near-term tenant commitments.
Shares of Fermi Inc. fell sharply after the company disclosed that the first prospective tenant for its Project Matador power facility had terminated an advance construction funding agreement. The tenant had planned to provide up to $150 million to support development of the Texas based data center power project. Fermi said no funds were drawn under the agreement and that discussions on a potential lease may continue.
Shares of Fermi Inc. fell sharply after the company disclosed that the first prospective tenant for its Project Matador power facility had terminated an advance construction funding agreement. The tenant had planned to provide up to $150 million to support development of the Texas based data center power project. Fermi said no funds were drawn under the agreement and that discussions on a potential lease may continue.
Companies:
- Fermi Inc.
Tags:
- stocks
- us markets
- stocks
- us markets
- energy infrastructure
Dec 13, 2025 • 03:40