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Stock impact report

Why NuScale Power Stock Is Skyrocketing Today [Yahoo! Finance]

NuScale Power Corporation Class A (SMR) 
Company Research Source: Yahoo! Finance
NuScale published its fourth-quarter results yesterday, and Wall Street is very happy with the company's performance and forward guidance. While the business posted a wider-than-expected loss in the period, sales came in far better than the market's expectations. NuScale stock surges on huge Q4 revenue beat NuScale posted a loss of $0.77 on sales of $34.22 million in the fourth quarter. While the loss for the period came in $0.64 per share worse than the market had anticipated, the performance wasn't worrying because the company's sales topped the market's expectation by $31.14 million. NuScale did far more business in the period than investors had expected, so it makes sense that its loss was much bigger as well. With the huge sales beat, it appears that the rollout of the company's small-module-reactor (SMR) technologies have scaled faster than expected. What's next for NuScale Power? NuScale generated most of its revenue in Q4 through sales to RoPower Nuclear -- a Romanian Show less Read more
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