NuScale Power Corporation (SMR) is experiencing a decline today, partly due to ongoing concerns about delays in the approval and rollout of small modular reactors (SMRs) in the UK. The delays have raised questions about the UK's ability to meet its clean-energy targets, with key figures in the industry expressing frustration over the slow progress. The UK’s planning system has been criticized for holding up crucial infrastructure projects, which has led to missed deadlines and potential investment setbacks. This uncertainty may be affecting investor sentiment towards companies like NuScale, which are involved in the development of SMRs.
Additionally, the broader nuclear industry is facing challenges despite some optimism about its role in future energy solutions. While there is growing interest from tech giants in nuclear energy to power data centers, regulatory hurdles and public skepticism remain significant obstacles. The Federal Energy Regulatory Commission's recent decision to block Amazon's attempt to use a nuclear facility for its data centers highlights the regulatory challenges that continue to impact the sector.
NuScale Power Corporation's stock is currently trading at $17.62, down 3.24% from the previous close of $18.21. Despite being just under three hours into the trading day, the stock has seen a relatively low volume of 2,730,972 shares, which is only 23.91% of its average daily volume of 11,423,819 shares.