NuScale Power Corporation's stock is experiencing a downturn today, potentially influenced by recent competitive developments in the nuclear energy sector. A significant factor is the announcement of a partnership between Blykalla and KSB to develop specialized pumps for Blykalla’s SEALER technology, which could pose competitive pressure on NuScale's market position. This collaboration aims to enhance the safety and efficiency of nuclear power stations, potentially challenging NuScale's small modular reactors (SMRs) in the market. Additionally, the ongoing lawsuit involving Texas, Utah, and Last Energy against the U.S. Nuclear Regulatory Commission (NRC) over stringent licensing requirements for SMRs continues to create uncertainty in the regulatory landscape, which may be affecting investor sentiment.
NuScale Power Corporation's stock is currently trading at $19.34, down 3.95% from its previous close of $20.13. The stock opened at $18.86 and has fluctuated between a high of $19.43 and a low of $18.13 so far today. Despite being just 30 minutes into the trading day, the stock has already seen a volume of 1,935,104 shares traded, representing 16.17% of the average daily volume of 11,967,411 shares, indicating a moderate level of trading activity this morning.