Fermi's 'Tenant Exit' Triggers 40% Stock Slide — But The Street Still Sees A 3x Jump From Here

Benzinga_recent_news12-13

A $150 million funding agreement evaporated overnight — and so did half of Fermi Inc's (NASDAQ:FRMI) market cap. The stock was down 40% pre-market on Friday. But in the dust cloud of the stock’s crash...

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The stock was down 40% pre-market on Friday. But in the dust cloud of the stock’s crash...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/25/12/49368878/fermi-tenant-exit-stock-falls-wall-street-sees-3x-jump\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FRMI","symbol_name":"Fermi Inc.","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/25/12/49368878/fermi-tenant-exit-stock-falls-wall-street-sees-3x-jump","article_id":"2591685889","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/12/Market--Down--Creative-Crash-Recession-C.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/trading-ideas/movers/25/12/49368878/fermi-tenant-exit-stock-falls-wall-street-sees-3x-jump","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2591685889","pubTimestamp":1765561020,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"FRMI stock plummeted after funding deal fell through, but analysts remain optimistic. Stock may have been oversold, but upside remains.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FRMI":"Fermi Inc.","BK4222":"数据中心房地产信托"},"translate_title":"费米的“租户退出”引发股价下跌40%，但华尔街仍较此上涨3倍","themeId":"bea288596d591af64d7d3351ea09357e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FRMI":1.5},"content_text":"A $150 million funding agreement evaporated overnight — and so did half of Fermi Inc's (NASDAQ:FRMI) market cap. The stock was down 40% pre-market on Friday. But in the dust cloud of the stock’s crash, something odd happened: the analysts didn't flinch.\nIf anything, the Street's targets still look like they belong to a stock having a bad quarter, not one that supposedly just imploded.\nRead Also: This Is What Whales Are Betting On Fermi\nWhat spooked traders was the termination of an Advance in Aid of Construction agreement — a non-binding funding arrangement that never actually delivered a dollar to Fermi. The market read it as \"first tenant walks.\" But the filing reads more like \"exclusivity expired,\" with lease negotiations still ongoing and management already in talks with additional 2026 tenants. \nThe power asset itself — Project Matador — hasn't changed. The land is secured, construction is underway, and the grid interconnection path remains the company's real moat.\nIf this were a structural demand story, someone on Wall Street would've blinked. Instead, Macquarie kept its $35 price target, UBS held at $30, Cantor Fitzgerald stuck to $27, and Stifel reaffirmed $29. \nFor a stock now trading in single digits pre-market, that's not vote-of-confidence territory — that's the-model-is-fine territory.\nYes, Fermi still needs funding, tenants, and flawless execution on a Texas power buildout. But a three-week slip in converting an LOI isn't the same as losing the business. The selloff priced in a thesis break. The filings suggest a timing wobble.\nIf Matador's power comes online on schedule, yesterday's panic may age like most AI-infrastructure overreactions: too fast, too emotional, and ultimately too cheap.\nRead Next: \nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2591685889","isCrawlerRequest":true}