Fermi Inc. (FRMI) Faces Securities Class Action as Stock Plummets 33.8%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Lawsuit Background: Hagens Berman is investigating whether Fermi Inc. (FRMI) misled investors during its October 2025 IPO regarding tenant demand and funding for its flagship 'Project Matador', raising significant concerns about transparency.
- Stock Impact: Following the announcement that the First Tenant terminated a $150 million construction agreement, Fermi's stock plummeted 33.8% on December 12, 2025, closing at $10.09 per share, which is over 50% below its IPO price of $21.00.
- Investor Action: Affected investors are encouraged to contact Hagens Berman before the March 6, 2026, deadline to submit claims and potentially become lead plaintiffs in the lawsuit seeking compensation from Fermi.
- Core Allegations: The lawsuit alleges that Fermi overstated tenant demand in its IPO materials and failed to disclose the high risk of its primary tenant terminating funding commitments, leading to a reassessment of execution risks by investors.
Analyst Views on FRMI
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.





