NuScale (SMR) Drops 8% on Capital Hike Plan

Core Viewpoint - NuScale Power Corp. is experiencing significant stock price decline due to concerns over its plan to nearly double its authorized capital stock, which has led to investor sell-off [1][3]. Group 1: Stock Performance - NuScale Power's stock dropped 8.12% to close at $15.73, marking the fourth consecutive day of losses [1]. - The decline is attributed to investor concerns regarding the impact of new share issuance on existing shareholders [3]. Group 2: Capital Stock Increase - NuScale Power has filed for approval to raise its authorized capital stock from 332 million shares to 662 million shares, with a par value of $0.0001 each [2]. - The plan has already received approval from the Board of Directors [3]. Group 3: Financial Performance - In Q3, NuScale Power reported a net loss attributable to shareholders of $273 million, a 1,470% increase from $17 million in the same period last year [4]. - Revenue surged by 1,635% to $8.2 million, up from $475,000 year-on-year [4].