Why NuScale Power Stock Jumped Today [Yahoo! Finance]
NuScale Power Corporation (SMR)
Company Research
Source: Yahoo! Finance
While the numbers weren't the focus, management commentary on its progress seemed to please investors. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » As a result, the stock was up 4.3% as of 1:42 p.m. ET after being up as much as 19.2% earlier in the session. Nuscale reported revenue of $475,000 in the quarter and a net loss of $17.5 million, or $0.18 per share, which compared to estimates at $3.14 million and a loss of $0.09 per share. The company finished the quarter with $161.7 million in short-term investments and no debt. However, those numbers are mostly irrelevant as the stock is seen as a bet on big tech's embrace of nuclear energy to run its data centers, and NuScale is a potential leader in that industry. The company is still the only maker of small modular reactors (SMRs) that's approved by the Department of Energy. It also signed a contract with Fluor , its majority owner, to proceed with a new study f
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SMR
News
- Why NuScale Power Stock Jumped 28% to an All-Time High This Week [Yahoo! Finance]Yahoo! Finance
- NuScale Power Corporation Announces Redemption of Warrants [Yahoo! Finance]Yahoo! Finance
- NuScale Power Corporation Announces Redemption of WarrantsBusiness Wire
- Will Nuclear Stocks Soar in the New Trump Administration? Here's What Investors Need To Know. [Yahoo! Finance]Yahoo! Finance
- Jim Cramer on NuScale Power Corporation (SMR): ‘I'm Clearly Not Alone Here, The Stock… Is Up 659% For The Year' [Yahoo! Finance]Yahoo! Finance
SMR
Earnings
- 8/8/24 - Miss
SMR
Sec Filings
- 11/19/24 - Form 8-K
- 11/14/24 - Form SC
- 11/8/24 - Form 8-K
- SMR's page on the SEC website