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.'s stock plunged significantly on March 30 due to a projected $486.4 million net loss for 2025 and no progress on tenant acquisition. This occurred despite the company also reporting operational milestones. Unusual call options activity on the same day hinted at a potential future price target of $5 for the stock.
Agreed-upon facts
Fermi Inc.'s stock plunged following earnings report
Where narratives collide
No material split surfaced for this cluster—sources align on the core read.
Where sources say this may head next
Implied future price movement