NuScale Power Corporation's stock is experiencing a downturn today, potentially influenced by broader market trends and ongoing skepticism about the viability of small modular reactors (SMRs). The Dow Jones Industrial Average and other major indices are down significantly, which may be contributing to the negative sentiment surrounding NuScale. Additionally, discussions on Reddit highlight concerns about the economic feasibility of SMRs, with one user stating, "The civil works portion of the cost doesn't scale with the power output of the plant," suggesting that the cost benefits of SMRs may not be as significant as anticipated.
The current price of NuScale Power Corporation's stock is $18.18, reflecting a 6.84% decrease from the previous close of $19.51. Despite being just over two hours into the trading day, the stock has already seen a volume of 5,266,898 shares traded, representing 45.94% of its average daily volume of 11,464,201 shares.