Fermi Share Price Today

Fermi Inc. Q3 Results: Net loss widens to $141.6 million, stock up 6.63%

Fermi Inc. reported a net loss of $141.6 million, with EPS at negative $0.22 versus estimates of negative $0.09. Shares rose 6.63% to $1.93 after signing agreements for 600 MW capacity at Project Matador. New deals include a $200 million prepayment and $15 million for early construction costs. Net debt increased by $463 million to $958.4 million, while cash held at $315.5 million. Company terminated its data center lease agreement with TensorWave and related AMD credit support.

Fermi shareholder Neugebauer demands sale after stock drops 80%

Fermi Inc stock lost over 80% of its value since July 3, after the board rejected a sale process valued at $10B-$20B. Director Rick Perry received only 38.9% of total outstanding votes, dropping to 31.5% excluding family holdings. Shareholder Toby Neugebauer claims Caddis owns only ~40% of its IPO stake, potentially voiding its board nomination rights. Former management reportedly prioritized a TensorWave lease over Tenant 1, but closing conditions remain unannounced.

Cantor Fitzgerald lowers Fermi price target to $8, keeps Overweight

Cantor Fitzgerald lowers Fermi Inc price target from $12 to $8. Analyst Brett Knoblauch maintains Overweight rating on the stock. No financial metrics disclosed in the analyst note.

Fermi Inc. amends MUFG loan terms to drop 400 MW lease covenant

Fermi Inc. amended its Equipment Supply Loan Financing Agreement with MUFG Bank on October 16, 2026. The amendment eliminates a covenant requiring a 400 MW lease or offtake arrangement for Project Matador by November 10, 2026. Fermi avoided approximately $56 million in potential principal payments across Q4 2026 through Q2 2027. The company paid $25 million in amendment fees to secure the waiver and maintain MUFG as administrative agent.

Fermi secures AMD backing for 222 MW Texas AI project

Fermi Inc. shares rose 18.34% to $3.84 after announcing a partnership with AMD. AMD provides credit support for the initial 222 MW phase of Project Matador in Texas. A separate framework outlines potential expansion up to 650 MW of gross power capacity. Fermi has invested over $1.5 billion in Project Matador, aiming for a 17 GW total capacity.

Fermi Inc. Q3FY26 Results: Earnings call set for November 12

Fermi Inc. releases Q3FY26 results on November 12, 2026. Conference call scheduled for 9:00 am Eastern Time. Company focuses on 17 GW next-gen private grids for AI compute. Project Matador integrates nuclear, gas, solar, and storage.