Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Charbone Hydrogene annonce les resultats financiers T2 2025
Charbone Hydrogen Announces Q2 2025 Financial Results
Earthwise Advertising & Investor Awareness Campaign
Cameco, Kazatomprom Production Cuts Stoke Uranium Market Tightness
Crypto Market Update: Stablecoins Top US$283 Billion in...
Editor’s Picks: Gold Price Breaks US$3,400, Silver Added...
Top 5 Canadian Mining Stocks This Week: Trifecta...
Cracker Barrel rebrand: Why companies retreat when faced...
Retail panic: What the end of the ‘de...
North Shore Closes $1.4 Million Non-brokered Private Placement...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

SMR Stock Is Plunging as the SEC Demands Answers

by admin August 15, 2024
August 15, 2024
SMR Stock Is Plunging as the SEC Demands Answers

SMR Stock Faces Volatility Amid SEC Investigation Rumors

NuScale Power Corp. (SMR) stock has experienced fluctuations over the past few days. Currently, the shares are trading at $8.76, giving the company a market capitalization of $2.26 billion. Over the last 52 weeks, the stock reached a high of $16.91 and a low of $1.81. While the company appears to be performing well overall, it has recently encountered some declines.

The SMR trading chart shows that despite maintaining a rising trajectory in general, the price has plummeted in the last few sessions. So, what caused the stock’s downfall? And will it rebound soon? Let’s find out.

SMR/USD 5-Day Chart

Why Is SMR Stock Dropping Today?

The shares are plunging because of the SMR stock news, negatively influencing investors’ sentiment. NuScale Power Corporation provides small modular reactor nuclear tech, offering users an innovative and advanced approach. The company aims to deliver safe and scalable energy that is carbon-free. That’s no small feat, and considering the importance of reliable and nature-friendly energy sources, the company’s value skyrocketed soon. 

NuScale Power uses a first-of-its-kind SMR technology certified by the US Nuclear Regulatory Commission. This certification has helped NuScale attract a broad range of customers worldwide. The company’s nuclear energy solutions are ideal for various applications, including data centres, electricity generation, desalination, district heating, commercial-scale hydrogen production, and other heat-intensive processes.

As a result, NuScale quickly amassed a large customer base and reported strong revenues, driving its stock higher. However, recent developments have taken a negative turn. The US Securities and Exchange Commission (SEC) has begun investigating the company through its Division of Enforcement, which has caused NuScale’s stock to plummet by 15% overnight.

The stock is currently stable, but it shaved off many gains in the last few days. An open-source investigative reporting and media company – Hunterbrook, filed the request to investigate NuScale.

The SEC denied the media company’s request, leaving it unclear whether the commission has initiated an investigation. The SEC has the authority to conduct investigations without making them public. Hunterbrook, attempting to appeal the decision, received confirmation that the Division of Enforcement staff is indeed investigating SMR.

However, despite this confirmation, the agency refused to share any relevant information or documents with Hunterbrook.

How Did NuScale Respond to This News?  

The company’s management declared that the media company isn’t reliable, and it often tries to manipulate the stock market by embellishing potentially sensational information. NuScale also stated that it’s unaware of any investigation, and the SEC has no reason to start one. 

After the first wave of bearish trading, the SMR stock price recovered on July 15, 2024. It even managed to rally by 404% year-to-date. Some investors, knowing the company’s struggles asked: why is SMR stock rising? Their astonishment was well-founded, as the shares plummeted by 45% soon after that surge.

Despite NuScale’s defence, Hunterbrook’s complaint about the company failing to commercialise its nuclear reactors hit the stock hard.  

The company reported a revenue of $1.4 million in the first quarter but suffered a $48.1 million net loss. Additionally, the firm had to cut the workforce by 28%. 

Is SMR Stock Buy or Sell? 

Even though this stock is declining now, it can soar if the SEC scandal comes to nothing. Top analysts recognise the importance of renewable energy, and NuScale’s small modular reactor (SMR) might well attract major investors if everything goes well. 

On Friday, the company announced that while the SEC is not currently investigating it, they have received requests for additional information. The team is preparing to respond to these inquiries and plans to cooperate fully with the SEC.

Thus, a lot depends on how well the firm will defend itself and whether its report is true and believable. If it satisfies investors and dispels their fears, the stock price will rise again. 

While NuScale suffered a significant net loss, it still has enough left to manage a full recovery. On the other hand, further negative reports might well sink the shares further. 

Currently, analysts set the average price target at $11 for this stock for the following 12 months. The highest price target for SMR stock is $14, and the lowest is $8. 

As you see, the SMR stock forecast implies that the shares might go in both directions – they either soar or plunge lower. Investors should be cautious and wait to see how this latest scandal fans out before taking serious action regarding this stock. 

Stay tuned and follow stock market news on our platform to learn more about the financial world’s developments!

The post SMR Stock Is Plunging as the SEC Demands Answers appeared first on FinanceBrokerage.

previous post
SpaceX Stock: Tesla and SpaceX are Collaborating
next post
Gold and Silver: Gold remains high in the all-time high zone

You may also like

CAVA Stock Price: News and Price Forecast 2025

September 3, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

March 2, 2025

Tesla stock up nearly 7% in U.S. premarket...

November 20, 2024

Ripple is strengthening the bullish momentum, Tron is...

August 9, 2024

Euro index creates new weekly low: yen in...

August 30, 2024

Top Stock Gainers And Losers: IRTC +21%, GPC...

October 25, 2024

Gold and Silver: Gold is shining at a...

September 14, 2024

Ethereum is still under pressure from the EMA...

October 10, 2024

S&P 500 and Nasdaq: S&P 500 faces resistance...

September 4, 2024

Bitcoin and Ethereum: Bitcoin increasingly safe above

September 28, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Charbone Hydrogene annonce les resultats financiers T2 2025

      August 30, 2025
    • Charbone Hydrogen Announces Q2 2025 Financial Results

      August 30, 2025
    • Earthwise Advertising & Investor Awareness Campaign

      August 30, 2025
    • Cameco, Kazatomprom Production Cuts Stoke Uranium Market Tightness

      August 30, 2025
    • Crypto Market Update: Stablecoins Top US$283 Billion in Circulation, Bitcoin Slips

      August 30, 2025
    Promotion Image

    banner ads

    Categories

    • Business (841)
    • Economy (829)
    • Investing (2,724)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved