Similar experience Since few update of the Kernel. The latest which work is 4.16.8 !
I have also notice a full list of dracut error during the installation of the Kernel. Jun 04 18:12:37 pi3 dracut[2448]: *** Including module: fs-lib *** Jun 04 18:12:38 pi3 dracut[2448]: FAILED: /usr/lib/dracut/dracut-install -D /var/tmp/dracut.Nmhf4U/initramfs -l /usr/lib/dracut/modules.d/99fs-lib/fs-lib.sh /lib/fs-lib.sh Jun 04 18:12:38 pi3 dracut[2448]: FAILED: /usr/lib/dracut/dracut-install -D /var/tmp/dracut.Nmhf4U/initramfs /etc/e2fsck.conf Jun 04 18:12:38 pi3 dracut[2448]: *** Including module: shutdown *** Jun 04 18:12:38 pi3 dracut[2448]: FAILED: /usr/lib/dracut/dracut-install -D /var/tmp/dracut.Nmhf4U/initramfs -a -l umount poweroff reboot halt losetup stat Jun 04 18:12:38 pi3 dracut[2448]: FAILED: /usr/lib/dracut/dracut-install -D /var/tmp/dracut.Nmhf4U/initramfs -l /usr/lib/dracut/modules.d/99shutdown/shutdown.sh /shutdown Jun 04 18:12:39 pi3 dracut[2448]: *** Including modules done *** Jun 04 18:12:39 pi3 dracut[2448]: *** Installing kernel module dependencies *** Jun 04 18:12:39 pi3 dracut[2448]: FAILED: /usr/lib/dracut/dracut-install -D /var/tmp/dracut.Nmhf4U/initramfs /lib/modules/4.16.13-300.fc28.armv7hl//modules.builtin.bin /lib/modules/4.16.13-300.fc28.armv7hl/modules.builtin.bin Jun 04 18:12:39 pi3 dracut[2448]: FAILED: /usr/lib/dracut/dracut-install -D /var/tmp/dracut.Nmhf4U/initramfs /lib/modules/4.16.13-300.fc28.armv7hl//modules.builtin /lib/modules/4.16.13-300.fc28.armv7hl/modules.builtin Jun 04 18:12:39 pi3 dracut[2448]: FAILED: /usr/lib/dracut/dracut-install -D /var/tmp/dracut.Nmhf4U/initramfs /lib/modules/4.16.13-300.fc28.armv7hl//modules.order /lib/modules/4.16.13-300.fc28.armv7hl/modules.order Jun 04 18:12:39 pi3 dracut[2448]: "depmod -a 4.16.13-300.fc28.armv7hl" failed.