Opinions
Jim Cramer - Mad Money
Fermi
FRMI-Q
DON'T BUY
Oct 01, 2025
N/A
Stock price when the opinion was issued
Energy
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It debuted today, soaring nearly 55%. Astonishing. The company didn't exist when the year started. Fermi believes they can get 1.1 gigawatts of power online by end-2026, then increase steadily, with their nuclear power coming online in the 2030s, which he thinks is optimistic given how long it takes to launch nuclear plants. As a REIT, this could take a long time to turn a profit. They have made no profits and have accumulated expenses. They are tight with Trump, which should help with regulatory approvals. The co-founder was the sec. of energy during Trump I. The other two co-founders have limited track records, though, not "seasoned" as publicized; Toby Neugebauer was the CEO of GloriFi, which went bankrupt in months and mired in lawsuits (that still exist) and was accused of drinking on the job. This casts doubt on the leadership. Steer clear of this.