Added to YB: 2026-09-30
Pitch date: 2026-09-24
FISN [bearish]
Deep Fission, Inc.
+45.03%
current return
Author Info
Iceberg Research identifies substantial earnings misrepresentation and accounting irregularities in financial statements issued by public companies. Sign up for the newsletter.
Company Info
Deep Fission, Inc. develops and deploys small modular nuclear reactors placed deep underground to generate electricity.
Market Cap
$319.3M
Pitch Price
$6.64
Price Target
N/A
Dividend
N/A
EV/EBITDA
-3.19
P/E
-2.30
EV/Sales
N/A
Sector
Independent Power and Renewable Electricity Producers
Category
N/A
Deep Fission ($FISN): a Money Pit
FISN (short): Deep Fission’s cost-and-speed pitch appears unsupported: disclosed assumptions imply $289/MWh for a first-of-a-kind reactor and $148/MWh for nth-of-a-kind, rising to $170/MWh after adjusting capital cost, versus Bloomberg’s $103-110/MWh estimate for gas. It trails peers in the DOE process, lacks NRC approval and has only non-binding identified customer agreements. With under 12 months of cash and an estimated $350M funding gap, equity funding at the current price could dilute holders by roughly 43%.
Read full article (19 min)