Why NuScale Power Stock Popped and Then Dropped Today [Yahoo! Finance]
NuScale Power Corporation (SMR)
Company Research
Source: Yahoo! Finance
While the stock jumped as much as 13% in morning trading, it gave back those gains amid a broader pullback in small-cap stocks in a sign that the boom from Trump's election was fading. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » As a result, the stock closed down 1.1% while the Russell 2000 fell 1.8%, with the small-cap index giving back all of yesterday's gains and then some. The new plan from the White House aims to triple nuclear energy production by 2050, and the plan is supportive of small modular reactors (SMRs), which it said have "strong potential for both grid-based and behind-the-meter resilient electricity." It also name-checked NuScale's VOYGR power modules, and the plan aims to deploy $900 million for new SMR deployments, some of which could go directly to NuScale. However, that momentum wasn't enough to carry the stock to a win for the day as broader sentiment headwinds pushed it lower by the end
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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