Fermi Shares Crash After Losing $150M Funding Deal
Fermi's stock plummeted 35% Friday after a potential tenant terminated a $150 million funding agreement for its Texas data center project, raising concerns for the newly public company.
Fermi's stock plummeted 35% Friday after a potential tenant terminated a $150 million funding agreement for its Texas data center project, raising concerns for the newly public company.
Alexander & Baldwin will be taken private in a $2.3B all-cash deal led by MW Group, Blackstone Real Estate, and DivcoWest. Shareholders will receive a 40% premium.
Toll Brothers (TOL) reports mixed Q4 results with revenue beating estimates but lower fiscal 2026 delivery guidance amid soft housing demand and market uncertainty.
DE Shaw's 6.4% Opendoor stake sends shares soaring, but it's likely a trading strategy, not a bullish bet.
Centerspace, a real estate firm with 13,000 apartments across the Western U.S., is exploring a possible sale after takeover interest boosts its stock by 12%.
Fermi America posts $346.8M Q3 loss while preparing Texas site for ambitious AI data center powered by nuclear reactors. First gigawatt capacity expected by 2026.