NuScale Power Down 20.3% in a Month: Is SMR Stock a Buy on the Dip?

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 ...