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News  ›  GlobeNewswire Inc.

Fermi Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (FRMI)

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Kirby Mcinerney Llp
Fermi Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (FRMI)

Law firm Kirby McInerney LLP is investigating potential securities fraud involving Fermi Inc. after the company's first Project Matador AI campus tenant terminated a $150 million construction agreement, causing the stock price to drop 33.8%.

Insights
BE   positive

516% stock rally, 57.1% YoY revenue growth, beat earnings estimates, positioned in renewable energy trend with innovative power generation technology


FRMI   negative

Stock price dropped significantly after tenant termination of a major construction agreement, indicating potential financial and operational challenges