Why NuScale Power Stock Dropped Today

Group 1 - NuScale Power's shares declined by 3.2% following the British government's decision to exclude the company from the list of competitors for small modular nuclear reactors (SMRs) in the U.K. [1] - The initial list of companies competing for the U.K. SMR program included six firms, but was narrowed down to four, excluding NuScale and EDF from France [2] - The remaining companies in the competition are GE Hitachi Nuclear Energy, Rolls-Royce SMR, Holtec, and Westinghouse, with plans to further reduce the list to two or three for co-funding contracts [2] Group 2 - The exclusion of NuScale from the U.K. program is viewed negatively, as it may influence U.S. regulators' perceptions of the company's technology [4] - The remaining competitors, Rolls-Royce and GE, have market capitalizations of $60 billion and $200 billion respectively, indicating that nuclear power will not significantly impact their overall revenue or earnings in the near term [5] - Investors seeking dedicated investments in nuclear power may need to consider alternatives, as the current options do not provide a pure play in the sector [5]