NuScale Power ( (SMR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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NuScale Power’s stock has seen a sharp decline, driven by a significant increase in net losses from $56.4 million to $180.3 million in the fourth quarter, despite revenue growth. While the company boasts a strong cash position with $446.7 million in reserves, the mixed analyst sentiment reflects concerns over intense competition and challenges in securing customer commitments. Insider share sales by top executives have also fueled negative sentiment. Despite these hurdles, NuScale remains committed to its commercialization efforts, leveraging projects like RoPower FEED Phase 2 and strategic partnerships.
More about NuScale Power
YTD Price Performance: -9.94%
Average Trading Volume: 11,068,764
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.89B
For further insights into SMR stock on TipRanks’ Stock Analysis page.
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