Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 1.1% and t

Moby summary of Fermi Inc. Common Stock's Q2 2026 earnings call

Fermi Inc. has already reported a second‑quarter 2026 net loss of US$25.81 million and a six‑month net loss of US$214.50 million, while securing a 15‑year, approximately US$6.50 billion lease with TensorWave and a framework agreement for a 2.6 GW Hillcore‑financed power complex at Project Matador in Texas. These deals give Fermi its first long‑term, contracted revenue stream and access to gigawatt‑scale, behind‑the‑meter power without upfront capital outlay, reshaping how its buildout risk...

Fermi (NasdaqGS:FRMI) appoints Lee McIntire as Chief Executive Officer as the company moves from development into construction at Project Matador. The company enters a new alliance with Hillcore to deliver a 2.6 GW power facility on a Build-Own-Operate-Transfer basis. The Hillcore partnership is structured to provide on-site power capacity without upfront costs to Fermi while using Hillcore’s operational capabilities. Both steps aim to support Fermi’s plans to supply power to AI and...

Fermi (FRMI) reported a second quarter net loss of US$25.81 million, or US$0.04 per share from continuing operations, with the net loss for the first half of 2026 totaling US$214.5 million. See our latest analysis for Fermi. Fermi’s latest earnings release came just days after the stock reacted to its first major customer lease at Project Matador and the Hillcore power agreement, with the 1 day share price return down 13.16% to US$6.60 but the year to date share price return still down...

Fermi stock is down 25.2% year to date, yet the current valuation checks still suggest the shares are not an obvious bargain. Year to date, the share price has declined 25.2%, which puts recent sentiment under pressure even after a small rebound in the past week. The long term lease with TensorWave for the Project Matador data center campus can underpin expectations for future revenue. However, the scale and timing of the associated power build out with Hillcore may add execution and...

The startup, which went public in a splashy IPO last year, also named a new CEO following months of legal and C-suite turmoil.

Fermi celebrated new customers and financing in Q2. Investors focused on the missing revenue instead.

Fermi (NASDAQ:FRMI) said it completed each of the five priorities outlined in its prior 90-day plan, including signing a binding customer agreement for up to 650 megawatts of capacity, strengthening its balance sheet and advancing construction and partnership efforts at its Project Matador campus.

Fermi posts a net loss of 4 cents a share in the second quarter, wider than a year ago. The stock has risen this week following a big announcement Monday.

The complex is planned to include around 2.5GW of natural gas-fired generation, alongside 100MW of solar and BESS.

Fermi said that Lee McIntire, who had served as an independent director on Fermi's Board since Sept. 2025, would take over as CEO effective Aug. 11.

Fermi has secured its first binding customer lease for Project Matador, a 15-year agreement with TensorWave worth about $6.5 billion in contracted revenue.

Fermi Inc. (NASDAQ:FRMI) saw its share price jump by 21 percent on Tuesday to finish at $7.12 apiece, after officially bagging its first billion-dollar deal for its flagship development in Texas. In an updated report, the company said that it inked a definitive agreement with TensorWave TEX1 LLC—a subsidiary of AI cloud provider TensorWave Inc. […]

Shares in Fermi rose 20% after it said it signed up AI cloud provider TensorWave to be the first customer at its Texas data-center site. Fermi, a startup co-founded last year by Rick Perry, the former energy secretary and Texas governor, aims to build a huge AI campus on land owned by the Texas Tech University System. Analysts at Stifel called the lease deal with a TensorWave subsidiary “a critical milestone for Fermi,” saying it validates the value of the site and should lead to further transactions.

Shares of Fermi jumped 19% to $7.01 on Tuesday after the data-center developer announced late Monday it finally found a tenant for its Project Matador campus in Amarillo, Texas. Fermi has a lease contract for 15 years, with revenue of approximately $6.5 billion over that period, with artificial-intelligence cloud provider TensorWave. Under the contract, Fermi will develop, construct, and deliver data centers to TensorWave.

Two AI power infrastructure stocks are surging in premarket trade after separate catalysts raised the same urgent question: how much runway is left in the race to lock up gigawatts for hyperscale AI.

Fermi Inc. (NASDAQ:FRMI) climbed by as much as 19.46 percent on Friday to $7.55 apiece, as investors cheered the ramped-up development of its flagship Project Matador campus in Texas, while investors positioned their portfolios ahead of its upcoming earnings release. In a statement earlier in the week, the company said that three natural gas turbines […]

Earlier in July 2026, Fermi Inc. completed a US$375 million offering of 5.00% convertible senior notes due 2031, while director designee Miles Everson resigned citing governance concerns including lack of access to board and committee minutes and limited full-board involvement in approving major transactions. Everson’s claim that the US$350 million convertible bond decision bypassed robust board debate directly links Fermi’s governance practices to its latest financing move, raising...

Fermi stock has fallen sharply year to date, yet the current checks still point to a relatively expensive profile rather than a clear bargain, which puts recent price weakness and the valuation picture at odds. Year to date, Fermi shares are down about 32.8%, which means the stock is coming into this valuation review after a heavy pullback rather than a recent rally. The recent upsized convertible notes offering may support funding for Fermi's projects, but concerns about dilution, ongoing...

Fermi (FRMI) has been in focus after director designee Miles Everson resigned, citing disagreements over governance practices and access to board records shortly after the company completed a sizeable convertible notes financing. See our latest analysis for Fermi. Fermi’s 1 day share price return declined 7.27% to close at $6.25, extending a 7 day share price return of 15.08% and a year to date share price return down 29.14%. This suggests recent governance headlines and the sizeable...

Fermi director Miles Everson has resigned, citing serious concerns about board governance and transparency. Everson says the board repeatedly refused to share board and committee meeting minutes with all directors. He also questions the use of special committees, pointing to Fermi’s recent convertible bond offering as an example of limited full board oversight. Fermi (NasdaqGS:FRMI) is facing fresh governance scrutiny after Everson’s resignation and his detailed criticism of how the board...

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 3.2% and t