NuScale is working its way toward selling small-scale modular-nuclear reactors one step at a time. NuScale Power (SMR 11.34%) is looking to mass produce small-scale modular-nuclear reactors. It would be a major step forward for nuclear power to have such a product. But building any nuclear power plant, large or small, is a complex task and highly regulated by the government. NuScale's next big hurdle on the way to the finish line will come in mid-2025. NuScale Power operates in a difficult industry The name ...

NuScale Power's technology has the potential to make nuclear power more affordable and flexible, but there are some things you'll want to consider before buying it today. Energy demand is set to explode over the next few decades, driven by growing populations, developing emerging market economies, and the widespread integration of artificial intelligence. In response to carbon reduction goals, companies are undertaking intriguing projects to address the escalating energy demand. Small modular reactors (SMRs ...

NuScale stock might earn a profit in 2028. Can you wait that long? Shares of NuScale Power Corporation (SMR 11.53%) surged 8% through 10:20 a.m. ET Friday after investment bank CLSA initiated coverage of the stock with an "outperform" (i.e., buy) rating and an $11 price target on the $9 stock. If CLSA's right about that, NuScale investors stand to earn 18% profits over the next year -- on top of today's gain. What CLSA said about SMR And yet, if CLSA is optimistic about NuScale stock, it has a funny way of ...

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].