NuScale Power Corporation's stock is experiencing a downturn today, potentially influenced by broader market reactions to recent developments in the energy sector. The revival of the Palisades Nuclear Plant, which is set to utilize Small Modular Reactors (SMRs), has been highlighted as a significant advancement in nuclear energy. This project emphasizes safety and sustainability, aiming to position nuclear power as a key player in clean energy solutions. However, despite these positive developments, the market may be reacting to the broader implications of the recent DeepSeek AI model's performance, which has led to a reevaluation of energy demand projections driven by AI.
Additionally, the announcement of a ₹20,000 crore ‘Nuclear Energy Mission’ by the Indian government to develop indigenous SMRs could be contributing to the competitive landscape, as it highlights the global push towards nuclear energy solutions. This initiative underscores the potential for increased competition in the SMR market, which may be weighing on investor sentiment regarding NuScale's market position.
NuScale Power Corporation's stock is currently priced at $22.84, reflecting a 4.19% decrease from the previous close of $23.84. The stock opened at $21.45 and has seen a high of $23.10 and a low of $21.22 so far today. Despite being just half an hour into the trading day, the stock has already seen a volume of 3,993,757 shares, representing 36.09% of its average daily volume of 11,065,523 shares, indicating active trading this morning.