Stock Track | NuScale Power Plummets 6.28% Amid Nuclear Stock Cooldown and Dilution Fears

Stock Track12-11

NuScale Power Corp. (NYSE: SMR), a developer of small modular nuclear reactors, saw its stock plummet 6.28% in Wednesday's intraday trading session, extending a recent slump as the red-hot nuclear sector cools off and investors worry about potential share dilution.

The selloff comes after NuScale announced an agreement earlier this month to offer up to $200 million in new shares, which could dilute the holdings of existing shareholders. The company's struggles also reflect a broader pullback in nuclear stocks in recent weeks, following a surge earlier this year driven by increasing global interest in nuclear energy.

Other nuclear players like uranium miners Cameco (NYSE: CCJ), Uranium Energy (NYSE: UEC), and Energy Fuels (NYSE: UUUU) have also seen sharp declines, as well as Centrus Energy (NYSE: LEU), which recently won U.S. approval to produce advanced nuclear fuel.

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(NYSE: SMR), a developer of small modular nuclear reactors, saw its stock plummet 6.28% in Wednesday's intraday trading session, extending a recent slump as the red-hot nuclear ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMR","symbol_name":"NuScale Power","start_time":0,"source_url":"","article_id":"1162903029","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1162903029","pubTimestamp":1733931525,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"NuScale Power Corp. , a developer of small modular nuclear reactors, saw its stock plummet 6.28% in Wednesday's intraday trading session, extending a recent slump as the red-hot nuclear sector cools off and investors worry about potential share dilution.The selloff comes after NuScale announced an agreement earlier this month to offer up to $200 million in new shares, which could dilute the holdings of existing shareholders. 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