Fermi Inc. Shares Plunge 46% After Tenant Terminates $150M Lease Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2025
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Source: PRnewswire
- Stock Price Plunge: Fermi Inc. shares plummeted by as much as 46% on Friday, primarily due to the termination of a $150 million lease agreement, which directly impacted market confidence and investor sentiment towards the company.
- Lease Agreement Impact: The terminated lease was tied to Fermi's proposed artificial intelligence campus in West Texas, and this cancellation not only undermines the project's feasibility but may also lead to difficulties in future financing, affecting long-term growth prospects.
- Legal Investigation Initiated: The Schall Law Firm has launched an investigation into Fermi Inc., focusing on whether the company made false or misleading statements, which could expose investors to greater losses and further erode market trust in the company.
- Investor Rights Protection: The firm encourages affected investors to reach out to discuss their rights, highlighting the importance of legal support during corporate crises, which may influence future investor confidence and market performance.
FRMI
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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.
