Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

NuScale (SMR) Shares Slide 10% as B. Riley Flags Concerns Over Doubling Share Count [Yahoo! Finance]

NuScale Power Corporation Class A (SMR) 
Company Research Source: Yahoo! Finance
Riley lowered the firm's price target on NuScale Power to $24 from $38 with a Buy rating on the shares. NuScale's stock has declined 10% year-to-date as investors weigh the impact of potential share dilution. This stems from a recent partnership milestone agreement with ENTRA1 and an increase in authorized capital. Additionally, the firm noted that shareholders recently approved doubling the authorized Class A common stock from 332 million to 662 million shares. Earlier on December 10, Citi lowered the firm's price target on NuScale Power to $18.50 from $37.50 and kept a Sell rating on the shares. The firm attributed the company's 52% stock decline over the past quarter to Fluor Corp.'s (NYSE: FLR ) plans to liquidate its stake and persistent uncertainty regarding NuScale's first binding commercial contract. Citi expects continued downward pressure as revenue from existing legacy contracts tapers off while Fluor continues its share sell-off. Additionally, UBS lowered the firm's pr Show less Read more
Impact Snapshot
Event Time:
SMR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for SMR alerts
Opt-in for
SMR alerts

from News Quantified
Opt-in for
SMR alerts

from News Quantified