NuScale Power Corporation is experiencing a downturn in its stock price, which may be influenced by recent developments in the nuclear power sector and investor sentiment. Despite the company's announcement of raising $227.7 million through the exercise of warrants, there are broader concerns about the scalability and economic viability of nuclear startups. Industry experts have expressed skepticism about the ability of small modular reactors (SMRs) to meet the immediate energy demands of tech companies, particularly as they race to power data centers for AI models. The lengthy timelines and high costs associated with bringing nuclear solutions online are seen as potential bottlenecks, which could be affecting investor confidence in companies like NuScale.
The current price of NuScale Power Corporation's stock is $18.88, reflecting a 3.23% decrease from the previous close of $19.51.