Fermi stock drops sharply after CEO and CFO departures
Published on: April 20, 2026, 11:24 p.m. | Source: The Economic Times
U.S. power startup Fermi's shares plummeted 23% after CEO Toby Neugebauer and CFO Miles Everson abruptly departed. Short seller Fuzzy Panda Research alleged fraudulent transfers by Neugebauer and other executives. Despite leadership changes, the company reiterated its operational plan for "Project Matador," an AI-focused electricity generation site.
