NuScale Power Corporation's stock is experiencing a decline today, potentially influenced by recent developments in the nuclear energy sector. A consortium of Dutch companies, including Thorizon, DEMCON, and VDL Group, has announced a partnership to advance molten salt reactors, a competing technology to NuScale's small modular reactors (SMRs). This collaboration aims to validate the safety and functionality of key components for these advanced reactors, which could pose competitive pressure on NuScale's market position. Additionally, the State of Texas is moving forward with plans to deploy SMRs, but the timeline for these projects remains lengthy, with construction anticipated to begin in 2026. This extended timeline may not provide immediate positive momentum for NuScale's stock.
Despite these developments, NuScale Power Corporation's stock is currently trading at $19.40, down 1.42% from its previous close of $19.68. The stock opened at $19.55 and has fluctuated between a high of $20.06 and a low of $19.01 so far today. With a volume of 1,444,934 shares traded, representing only 12.07% of the average daily volume, trading activity remains subdued early in the day.