SAN FRANCISCO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/SMR Contact the Firm Now: SMR@hbsslaw.com 844-916-0895 NuScale Power (SMR) Investigation: On July 29, 2024, Hunterbrook Media reported that the SEC is conducting an "active and ...

NuScale Power(SMR) is scheduled to report second-quarter 2024 results on Aug 8. The Zacks Consensus Estimate for second-quarter sales is pegged at $1.43 million, suggesting a year-over-year decline of 75.34%. The consensus mark for second-quarter loss remains unchanged at 13 cents per share in the past 30 days, which remains unchanged year over year. Let's see how things have shaped up for the upcoming announcement. Factors to Note NuScale Power is benefiting from strong demand for electricity and clean ene ...

NEW YORK, Aug. 04, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against NuScale Power Corp. ("NuScale" or the "Company") (NYSE:SMR) on behalf of NuScale stockholders. Our investigation concerns whether NuScale has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On July 29, 2024, Hunterbrook Media ("Hunterbrook") reported that "[t]h ...

Core Viewpoint - Hunterbrook Capital has filed a Freedom of Information Act (FOIA) request regarding potential investigations into NuScale Power, alleging that the company has not successfully commercialized any nuclear reactors despite over a decade of research [1][5]. Group 1: SEC Investigation - Hunterbrook claims that the SEC's Division of Enforcement is conducting an active investigation into NuScale, leading to a nearly 15% drop in NuScale's stock price [5]. - The SEC confirmed that the investigation is ongoing and denied Hunterbrook's FOIA request under Exemption 7(A), which protects information that could interfere with enforcement proceedings [6][7]. - The existence of an investigation does not imply that NuScale has violated any laws [7]. Group 2: NRC Information Request - The U.S. Nuclear Regulatory Commission (NRC) has requested additional information from NuScale regarding risk mitigation for its reactor technology, which NuScale previously claimed was "near-term deployable" [2]. - NuScale responded that such information requests from the NRC are routine and should not be interpreted as indicative of a negative outcome [3]. Group 3: Financial Performance - In the first quarter, NuScale reported revenue of $1.4 million and a net loss of $48.1 million, alongside a 28% reduction in workforce [1]. - Despite a significant surge of 404% in stock price year-to-date, NuScale's shares have since fallen by approximately 45% [8].

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 ...

Group 1 - NuScale Power Corporation (SMR) shares have declined by 29.3% over the past two weeks, but a hammer chart pattern suggests potential support and a trend reversal [1] - The hammer pattern indicates that selling pressure may be exhausting, and the stock could be nearing a bottom, supported by bullish sentiment from Wall Street analysts regarding future earnings [1] - The hammer chart pattern is characterized by a small candle body and a long lower wick, signaling a potential loss of control by bears during a downtrend [1] Group 2 - There has been a positive trend in earnings estimate revisions for SMR, with a 14.1% increase in the consensus EPS estimate for the current year over the last 30 days, indicating bullish sentiment among analysts [2] - SMR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [2] - The Zacks Rank serves as a timing indicator, suggesting that the company's prospects are improving, further supporting the likelihood of a trend reversal [2]

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 ...