Fermi Inc. (FRMI) stock plunged significantly, dropping 11.5% in pre-market trading on March 30, after reporting earnings that projected a substantial net loss of $486.4 million for 2025 and indicated no progress in securing a tenant. This decline occurred despite the company also announcing it was marking operational milestones on its path to 17 GW of private power, and followed earlier unusual call options activity on the same day implying potential price movement.
Fermi Inc. stock experienced a significant pre-market plunge, with reports citing a projected $486.4 million net loss for 2025 and no progress in securing a key tenant as primary drivers. Despite this, the company also reported operational milestones on its path to 17 GW of private power, while market activity showed unusual call options activity hinting at future price shifts.
Agreed-upon facts
Immediate Stock Plunge and Reported Causes
Where narratives collide
No material split surfaced for this cluster—sources align on the core read.
Where sources say this may head next
Fermi's Financial Projections and Future Outlook