Stock Track | NuScale Power Falls 5% Premarket Amid Broader Nuclear Stock Cooldown

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Nuclear energy firm NuScale Power Corp. (NYSE:SMR) saw its shares plunge over 5% in premarket trading on Wednesday, extending a recent slump as the red-hot nuclear sector cools off.

NuScale, a developer of small modular nuclear reactors, has seen its stock price tumble nearly 30% so far this month. The selloff comes after the company announced an agreement earlier this month to offer up to $200 million in new shares, which could dilute the holdings of existing shareholders.

But NuScale's struggles also reflect a broader pullback in nuclear stocks in recent weeks. After surging earlier this year on increasing global interest in nuclear energy, shares of uranium miners like Cameco (NYSE:CCJ), Uranium Energy (NYSE:UEC), and Energy Fuels (NYSE:UUUU) have fallen sharply. Other nuclear players like Centrus Energy (NYSE:LEU), which won U.S. approval to produce advanced nuclear fuel, and Sam Altman's nuclear startup Oklo (NYSE:OKLO) have also seen double-digit declines.

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