Fermi Inc. Faces Securities Class Action with 33.8% Single-Day Stock Drop
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: PRnewswire
- Lawsuit Notification: Hagens Berman is notifying investors in Fermi Inc. (NASDAQ:FRMI) about the upcoming March 6, 2026, lead plaintiff deadline related to allegations of misleading IPO materials.
- Core Allegation: The lawsuit claims that Fermi overstated tenant demand for its flagship 'Project Matador' AI campus and failed to disclose risks associated with its primary anchor tenant, resulting in significant investor losses.
- Stock Price Impact: Following the termination of a $150 million construction agreement by the primary tenant, Fermi's stock plummeted 33.8% in a single day on December 12, 2025, falling from $21.00 to $10.09, more than 50% below its IPO price.
- Investor Advisory: Affected investors are encouraged to contact Hagens Berman to submit their trading information to participate in the lawsuit and seek compensation, highlighting strong concerns regarding company transparency and management accountability.
Analyst Views on FRMI
Wall Street analysts forecast FRMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRMI is 30.25 USD with a low forecast of 20.00 USD and a high forecast of 37.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.200
Low
20.00
Averages
30.25
High
37.00
Current: 9.200
Low
20.00
Averages
30.25
High
37.00
About FRMI
Fermi Inc. is an advanced energy and hyperscale development company purpose-built for the artificial intelligence (AI) era. The Company is engaged in the development of electric grids that deliver highly redundant power at a gigawatt scale, required to create artificial intelligence. Situated on a 5,236-acre site in Amarillo, Texas, Project Matador is secured by the Company pursuant to the Lease on land owned by the Texas Tech University System. Project Matador is designed to accommodate up to 6.0 gigawatt (GW) of nuclear capacity via 4.0 GW of bifurcated Westinghouse Reactors and 2.0 GW of small nuclear reactor (SMRs). Its HyperRedundant site is strategically located adjacent to natural gas fields in the United States that is within a high-radiance solar corridor, well-positioned for advanced nuclear development and supportive of multiple energy pathways including near-term natural gas power development.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








