Why Have NuScale Power Stocks Plummeted?

NuScale Power ( (SMR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.

NuScale Power Corporation’s stock has seen a notable drop, attributed to the company’s recent board expansion, which investors might have received negatively. Despite a bullish call volume, the broader market reactions and unmet expectations contributed to the decline. Additionally, although EU officials expressed a positive outlook on nuclear energy, supporting NuScale’s business model, the market response remained unfavorable due to uncertainties or profit-taking.

More about NuScale Power

YTD Price Performance: 13.66%

Average Trading Volume: 11,966,796

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $5.51B

For further insights into SMR stock on TipRanks’ Stock Analysis page.

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