NuScale Power Corporation's stock is experiencing a slight decline today, potentially influenced by broader market trends and recent developments in the nuclear energy sector. A new report from the International Energy Agency highlights the challenges facing nuclear projects, such as costs, schedules, and financing, which could be impacting investor sentiment. Additionally, the report emphasizes the need for innovation and government support to overcome these hurdles, particularly for small modular reactors (SMRs), which are central to NuScale's business model.
Despite the promising outlook for nuclear energy, with record levels of electricity generation expected in 2025, the industry faces significant geopolitical and supply chain challenges. The IEA report notes that the nuclear sector is heavily reliant on Chinese and Russian technologies, which may raise concerns about energy security and affordability. These factors, combined with the regulatory and financial hurdles associated with SMRs, could be contributing to the cautious approach investors are taking towards NuScale Power.
NuScale Power Corporation's stock is currently trading at $20.78, down 0.19% from the previous close of $20.82. The stock opened at $21.24 and has seen a high of $22.18 and a low of $20.69 so far today. Despite being just over 30 minutes into the trading day, the volume is relatively low at 2,218,452 shares, representing only 19.55% of the average daily volume of 11,347,819 shares.