NuScale Power ( (SMR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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NuScale Power’s stock experienced an upward movement primarily due to a bullish sentiment in options trading, despite the overall options volume being light. Barclays initiated coverage with an Equal Weight rating, highlighting limited investment options in small modular reactors but stressing the necessity for better execution to support current valuations. Furthermore, a recent tri-party agreement with the Department of Energy could impact future performance, though mixed options sentiment indicates lingering uncertainty.
More about NuScale Power
YTD Price Performance: 114.57%
Average Trading Volume: 14,492,084
Technical Sentiment Signal: Buy
Current Market Cap: $10.83B
For further insights into SMR stock on TipRanks’ Stock Analysis page.
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