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 on a rollercoaster ride, primarily driven by mixed options sentiment and strategic analyst downgrades. BNP Paribas Exane downgraded the stock due to changes in economic valuation related to ENTRA1 agreements, while Citi raised concerns about potential future sales and the unlikelihood of near-term contracts. On the flip side, Cantor Fitzgerald initiated an Overweight rating, highlighting NuScale’s NRC-approval status and the potential advantages from the ongoing energy transition.
More about NuScale Power
YTD Price Performance: 149.63%
Average Trading Volume: 17,724,270
Technical Sentiment Signal: Buy
Current Market Cap: $12.59B
For further insights into SMR stock on TipRanks’ Stock Analysis page.
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