Why NuScale Power Stock Keeps Going Down [Yahoo! Finance]
NuScale Power Corporation (SMR)
Company Research
Source: Yahoo! Finance
sell rating . After Wells Fargo downgraded the stock to underweight yesterday, NuScale shares lost 35% -- and they're losing another 23% through 11 a.m. ET on Wednesday. NuScale's (very) recent ups and downs The producer of small modular nuclear reactors reported horrible earnings last week: Quarterly sales nearly doubled, but quarterly losses were twice as bad as anticipated, at $0.25 per share, and the total loss for the year was more than $180 million. The company shook off this bad news thanks to a vote of confidence from Canaccord Genuity on Monday that sent its shares soaring. But on Tuesday, Wells Fargo gave investors a reality check. "Investor enthusiasm for SMR is misguided," Wells Fargo said, and NuScale's small modular nuclear reactors were simply "not cost competitive" with competing energy sources. Investors panicked, and the stock sold off. Is NuScale stock a sell? It's continuing to sell off today, as investors look past Canaccord's endorsement to focus on NuS
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SMR
News
- Global Small Modular Reactor Market for Data Centers Industry Report 2024: A $278 Billion Market by 2028, Growing at a CAGR of 48.72% Driven by Burgeoning Demand for Energy Security and Sustainability [Yahoo! Finance]Yahoo! Finance
- NuScale Power to Hold First Quarter 2024 Earnings Conference Call on May 9, 2024Business Wire
- Seizing the New Nuclear Opportunity - Reuters Events: SMR & Advanced Reactor 2024 Returns to Atlanta in Just Three Weeks [Yahoo! Finance]Yahoo! Finance
- NuScale Power Shows Too Many Red Flags [Seeking Alpha]Seeking Alpha
- NuScale Power: Attractive, Yet High-Risk Nuclear Energy Business [Seeking Alpha]Seeking Alpha
SMR
Sec Filings
- 4/26/24 - Form DEFR14A
- 4/12/24 - Form DEF
- 4/11/24 - Form 8-K
- SMR's page on the SEC website