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 initially dropped but later saw a rise, spurred by a White House initiative to increase uranium reserves, benefiting nuclear-related stocks. RBC Capital’s new coverage with a Sector Perform rating reflects optimism about clean power demand but also highlights concerns over scalability and profitability, leading to a cautious market sentiment.
More about NuScale Power
YTD Price Performance: 135.12%
Average Trading Volume: 14,386,099
Technical Sentiment Signal: Buy
Current Market Cap: $12.82B
For further insights into SMR stock on TipRanks’ Stock Analysis page.
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