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 has been under pressure following a downgrade by BofA to Underperform, citing unrealistic valuations given the current stage of small modular reactor adoption. Barclays also initiated coverage with an Equal Weight rating, highlighting limited investment options in the sector and the necessity for improved execution to justify current valuations. Despite a promising tri-party agreement with the Department of Energy, the stock remains volatile with mixed sentiment among options traders.
More about NuScale Power
YTD Price Performance: 115.47%
Average Trading Volume: 14,571,740
Technical Sentiment Signal: Buy
Current Market Cap: $10.87B
For further insights into SMR stock on TipRanks’ Stock Analysis page.
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