NuScale Power (SMR) shares have plunged 20.3% in the past month, underperforming the Zacks Computer & Technology sector's growth of 0.3% and the Zacks Electronics- Power Generation industry's fall of 5.7%. The underperformance in SMR shares can be attributed to modest top-line growth expectations in 2024. It reported unimpressive second-quarter 2024 results, with revenues of $1 million and a loss of $74.4 million. This was lower than the year-ago quarter's revenues of $5.8 million and widened from a net los ...

NuScale stock needs cash for fuel. Shares of NuScale Power (SMR 6.89%) tumbled more than 8% in early trading Friday after missing badly on both sales and earnings in its second-quarter financial update last night -- that's the bad news. The good news for investors in NuScale is that as the morning wears on, NuScale stock has turned around and is already back in the green, and up 4.4% as of 10:20 a.m. ET. NuScale's Q2 earnings Low expectations may lie behind the turnaround. Heading into earnings, analysts on ...

NuScale Power Corporation (SMR) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -138.46%. A quarter ago, it was expected that this company would post a loss of $0.21 per share when it actually produced a loss of $0.21, delivering no surprise. Over the last four quarters, the company has not ...

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 ...

Group 1 - The U.S. government's increasing interest in nuclear power has positively impacted NuScale Power's stock, but the SEC's investigation has caused a significant drop in share prices [1][4] - NuScale Power is the first company to have its small modular reactors certified by the U.S. Nuclear Regulatory Commission, showcasing its innovative approach to nuclear reactor design [2] - The SEC is currently investigating NuScale Power, confirmed through a Freedom of Information Act request, and has denied requests for documents related to the investigation to protect ongoing enforcement proceedings [5] Group 2 - Following the news of the SEC investigation, NuScale Power's shares fell by 16.9% as of 10:44 a.m. ET [4] - Investors are advised to remain patient and not make hasty decisions regarding their positions in NuScale Power until more information about the investigation is available [6][7] - For potential investors waiting for a buying opportunity, it is suggested to hold off until further developments occur regarding the company's situation [7]

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]