5 Stocks With Unbelievable Gains

4. Fermi Inc. (NASDAQ:FRMI)

Fermi extended its winning streak to a 5th straight session on Thursday, soaring 22.38 percent to close at $7.37 apiece, after hinting at securing a leasing agreement with a new tenant over the next three months, overshadowing a dismal earnings performance in the first quarter of the year.

As part of its Fermi 2.0 strategic evolution corporate strategy, Fermi Inc. (NASDAQ:FRMI) said that it is expected to secure a binding tenant agreement over the next 90 days, details of which have not been divulged.

It said that it is also working diligently to hire its next CEO with the help of executive recruiting firm Heidrick & Struggles, following the ouster of Toby Neugebauer two weeks earlier. It is likewise exploring strategic partnerships to accelerate the deployment of power and data centers.

“Fermi America is at a meaningful inflection point in its development,” Fermi Inc. (NASDAQ:FRMI) Chairman Marius Haas said.

In other news, Fermi Inc. (NASDAQ:FRMI) markedly widened its net loss in the first quarter of the year to $188.69 million from $78 million in the same period last year, dragged by a higher operating loss of $166 million versus only $78 million year-on-year.