NuScale Power Corp SMR shares are tumbling Monday after Hunterbrook issued a report suggesting the company is under investigation by the U.S. Securities and Exchange Commission. What Happened: Hunterbrook published a report Monday morning claiming the SEC's Division of Enforcement currently has an "active and ongoing" investigation into NuScale Power. A spokesperson for NuScale Power told Benzinga that it's not aware of any SEC investigation into the company. "Hunterbrook is a known short-seller that has a ...

The U.S. government's growing interest in nuclear power has contributed significantly to the rise in upstart nuclear power stock NuScale Power (SMR -19.49%) lately. But it's another arm of the government, the Securities and Exchange Commission (SEC), that is energizing the bears today thanks to news that the agency that regulates U.S. securities is currently investigating NuScale Power. Taking an innovative approach to designing nuclear power reactors, NuScale Power is the first company of its type to have ...

Shares of NuScale Power Corporation (SMR) have been struggling lately and have lost 29.3% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts abo ...

NuScale Power (SMR -3.74%) makes for a classic case study of how quickly investor sentiment can change for a stock. Few knew about the company until the end of last year. In the first half of 2024 though, NuScale Power stock surged a staggering 255.3%, according to data provided by S&P Global Market Intelligence. The nuclear energy stock's market capitalization is well over the $1 billion mark now. NuScale Power has developed a small modular reactor (SMR) technology that promises to deliver costeffective, s ...

Investors are going like gangbusters for artificial intelligence (AI) stocks such as Nvidia and Microsoft, bidding them up to all-time highs. Now, they are looking at the second-order effects of AI, one of which is data center power consumption. These new AI tools require tons of new infrastructure and electricity generation capacity, which has investors interested in stodgy old utility and energy stocks again. NuScale Power is one of the developers of this technology with its NuScale Power Module. Its modu ...

The increase in share price can be attributed to the swelling demand for energy especially safe and clean energy. Based in Portland, OR, NuScale specializes in providing innovative advanced nuclear small modular reactor ("SMR") technology. NuScale has the first-mover advantage in the commercial SMR development space as it is the first and only company to have received U.S. Nuclear Regulatory Commission design approval and certification. The efforts to commercialize its SMR technology bode well. The company ...

NuScale has been developing this technology since 2007 and has invested $1.8 billion. The company is the only one to receive a Standard Design Approval from the Nuclear Regulatory Commission for its 50 MWe modular reactors. Energy demand is set to explode over the next decade, with artificial intelligence leading the way. According to Goldman Sachs, data center power demand is expected to grow 15% annually through 2030. This exciting technology could provide nuclear power for remote locations or industrial ...

RICHMOND, Va., July 10, 2024 /PRNewswire/ -- Dominion Energy Virginia today announced it has issued a Request for Proposals (RFP) from leading SMR nuclear technology companies to evaluate the feasibility of developing an SMR at the company's North Anna Power Station in Louisa County, Va. For several years, utilities, state and federal agencies and leading technology firms have explored SMRs as the next generation of carbon-free nuclear power in the U.S. SMRs have the same reliability and environmental benef ...

Lack of profits plus a possible challenge to its technology make NuScale Power a risky investment. Will China make NuScale obsolete? Is NuScale Power stock a sell? That's fine as long as nuclear fission, used in SMRs, remains the cutting-edge technology. But as The Wall Street Journal reported this morning, there's a new technology on the horizon, nuclear fusion, and China is taking the lead in the race to commercialize it. But China is now racing to make it a reality. It is investing twice as much money an ...

June is busting out all over -- and so is this nuclear energy stock. After a strong performance last week, shares of NuScale Power (SMR -0.58%) have continued to climb this week. That earlier surge was prompted by news that the Department of Energy planned to provide $900 million in funding to support the deployment of small modular reactors (SMRs) of the type that NuScale is developing. But the catalyst for the nuclear energy stock's latest rise appears to have been an analyst's auspicious outlook on the c ...