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Fermi Inc. (FRMI) Rockets 19% as Project Matador Development Accelerates
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The three turbines are rated up to 780 megawatts in simple cycle mode, and mark the largest single power equipment move.
Q2 Earnings in SpotlightInvestors also positioned portfolios ahead of the results of Fermi Inc.’s (NASDAQ:FRMI) earnings performance in the second quarter of the year.
According to Fermi Inc. (NASDAQ:FRMI), the additional shares are intended to pay certain advisers and settle employee stock awards, rather than being sold to raise fresh funds.
Following the admission, the company would have more than 640.4 million shares with voting rights traded on the LSE.
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