Fermi is trading 4.1% down at $4.62 as investors weigh the delayed closing of TensorWave’s Project Matador lease.

  • A September 22 amendment moved the closing date from September 30 to October 31, 2026; the 222-megawatt agreement is valued at approximately $6.5 billion over 15 years.
  • Remaining financing conditions and broader growth-stock weakness amid elevated Treasury yields are pressuring sentiment. Shares fell 6.23% on September 23, continuing reaction to lease-timing uncertainty.