Stock Track | NuScale Power Soars 10.28% Intraday in Rebound After Major Shareholder Stake Reduction

Stock Track04-22

NuScale Power's stock surged 10.28% intraday on Wednesday, staging a sharp recovery from recent selling pressure.

The rebound suggests the market has largely digested the overhang from major shareholder Fluor Corporation's recent large-scale stake reduction. According to regulatory filings, Fluor sold approximately 12.936 million shares at around $11.63 per share, slashing its holding from 7.8% to 3.9% within just a few days. This concentrated selling had driven the stock down significantly in the prior session.

As a leader in small modular reactor technology, NuScale Power continues to benefit from long-term tailwinds including the global energy transition toward net-zero emissions and surging power demand from AI data centers, factors that are supporting the stock's recovery.

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