Fermi is trading 5.01% down at $3.23; reports don’t identify a cause. - On October 16, Fermi announced a MUFG loan amendment removing the Project Matador covenant requiring a 400 MW lease or offtake by November 10. It avoids about $56 million in potential near-term principal payments; Fermi paid $25 million in amendment fees. - Cantor Fitzgerald maintained Overweight and lowered its target from $12 to $8 on October 16; reports do not explicitly link this to the move.