On September 18, NuScale Power fell 8.19% in regular trading, trading at $8.295/share with turnover of $166 million, largely erasing the prior session's roughly 9.5% rally. The decline comes as the stock continues to face headwinds from UBS's September 11 downgrade to Sell from Neutral, with a sharply reduced price target of $6 from $10, a move that initially triggered a 13%-plus single-day selloff on heavy volume.
The broader Heavy Electrical Equipment sector also showed weakness, with X-Energy down 4.29%, Bloom Energy down 3.98%, and INNIO Holding down 1.31%. Adding to investor caution, the company's Q2 results in August posted revenue of just $75,000, significantly missing the $8.91 million estimate, while also announcing an at-the-market offering of up to $750 million in Class A common stock. Analyst consensus maintains a Hold rating with a mean price target of $12.37, though views remain sharply divided between B. Riley's Buy at $15 and UBS's bearish $6 target.
(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.)
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