NuScale Power Corporation's stock is experiencing a slight decline today, potentially influenced by recent developments in the nuclear energy sector. Reports indicate that the government is considering relaxing planning rules to accelerate the rollout of small modular reactors (SMRs), which could impact the competitive landscape for companies like NuScale. Additionally, GE Hitachi Nuclear Energy's recent agreements with Boccard and Cavendish Nuclear to support the development of their BWRX-300 SMR in the UK may also be contributing to investor concerns about increased competition in the SMR market.
Furthermore, Westinghouse's proposal to install SMRs at decommissioned nuclear sites in Italy highlights the global push towards nuclear energy solutions, which could further intensify competition. These developments, coupled with NuScale's recent stock performance and analyst ratings, may be weighing on investor sentiment.
NuScale Power Corporation's stock is currently priced at $22.95, reflecting a slight decrease of 0.13% from the previous close of $22.98. Despite being just half an hour into the trading day, the stock has seen a volume of 1,388,986 shares, which is 12.34% of its average daily volume of 11,255,038 shares, indicating relatively low trading activity this morning.