On October 13, NuScale Power fell 8.02% in regular trading, trading at $6.6286/share, with Turnover of $186 million.
The decline followed RBC Capital cutting its price target on the stock to $7 from $10 while maintaining a Sector Perform - Speculative Risk rating, weighing on valuation expectations for the company's small modular reactor commercialization timeline.
NuScale Power focuses on proprietary small modular reactor technology, with its flagship VOYGR plant design capable of housing up to 12 NuScale Power Modules for a combined 924 MWe. The company remains in an early commercialization phase characterized by high R&D spending and minimal revenue contribution.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)