NuScale Power Down 20.3% in a Month: Is SMR Stock a Buy on the Dip? [Yahoo! Finance]
NuScale Power Corporation (SMR)
Company Research
Source: Yahoo! Finance
The underperformance in SMR shares can be attributed to modest top-line growth expectations in 2024. It reported unimpressive second-quarter 2024 results, with revenues of $1 million and a loss of $74.4 million. This was lower than the year-ago quarter's revenues of $5.8 million and widened from a net loss of $29.7 million. On a sequential basis, revenues were down ($1.4 million in the first quarter) and net loss widened ($48.1 million). It has received authorization from RoPower for the Phase 2 Front End Engineering and Design ("FEED Phase 2") project for the Doicesti small modular reactor plant at a former coal plant site in Doicesti, Romania, which is a noteworthy development. SMR has executed a revenue-generating agreement with RoPower in relation to the advancement of this project. Over the next 12 months, NuScale expects additional revenues from its parent Fluor Corporation with respect to its continued contribution toward this project. Nevertheless, NuScale's near-term p
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SMR
News
- Should You Buy NuScale Power While It's Below $10? [Yahoo! Finance]Yahoo! Finance
- U.S. gasoline prices poised to drop below $3/gallon ahead of election, analysts say [Seeking Alpha]Seeking Alpha
- Why NuScale Power Stock Just Popped 8% [Yahoo! Finance]Yahoo! Finance
- NuScale Power Co. (NYSE: SMR) is now covered by analysts at CLSA. They set an "outperform" rating and a $11.00 price target on the stock.MarketBeat
- Bragar Eagel & Squire, P.C. Is Investigating Paragon 28, Bumble, Cardlytics, and NuScale and Encourages Investors to Contact the FirmGlobeNewswire
SMR
Earnings
- 8/8/24 - Miss
SMR
Sec Filings
- 9/16/24 - Form 4
- 9/13/24 - Form 144
- 8/28/24 - Form 4
- SMR's page on the SEC website