FRMI News & Events

Cboe data suggests bullish flow in Fermi Inc. Common Stock (FRMI), with shares up 39c, or 4.84%, near $8.45. Options volume roughly in line with average with 48k contracts traded and calls leading puts for a put/call ratio of 0.05, compared to a typical level near 0.36. Implied volatility (IV30) is up nearly 13.0 points near 150.91,and above the 52wk median, suggesting an expected daily move of $0.80. Put-call skew flattened, suggesting a modestly bullish tone.

Fermi (FRMI) announced a major agreement with Primoris Energy Services, part of Primoris (PRMI), to engineer and construct the balance of plant for the first six SGT-800 gas turbines anchoring Fermi's phase one power buildout. The agreement covers the engineering, procurement, and construction scope for the simple cycle phase of Fermi's Siemens 6x1 combined cycle generating facility, rising adjacent to the Project Matador hyperscale computing and data center campus in Amarillo, Texas.