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, initially dipping but then bouncing back thanks to a White House push to boost uranium reserves, which has been good news for nuclear-related stocks. However, despite some positive vibes from recent earnings and a new agreement with the Department of Energy, investors are wary. Concerns about the company’s profitability and scalability timelines, along with insider selling and mixed options sentiment, have kept the market’s outlook on the stock neutral.
More about NuScale Power
YTD Price Performance: 124.00%
Average Trading Volume: 14,412,640
Technical Sentiment Signal: Buy
Current Market Cap: $11.3B
For further insights into SMR stock on TipRanks’ Stock Analysis page.
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