StocksMedium•13 November 2026•
1 min read
Fermi Stock Surges 13.8% on 600 MW Power Capacity Agreement
Key Facts
1Fermi stock climbed 13.81% following the announcement of a 600 MW power capacity agreement.
2The agreement includes a USD 200 million prepayment from a major investment-grade hyperscaler.
Fermi stock climbed 13.81% following the announcement of a 600 MW power capacity agreement. Kalkine reported that the deal for Project Matador includes a USD 200 million prepayment from a major investment-grade hyperscaler.
FRMI closed at $2.06 on November 12, 2026, with the session trading between a low of $1.69 and a high of $2.30. The positive market reaction to the substantial prepayment and contract scale offsets concerns regarding the company's recent Q3 earnings miss.