All articles tagged with #nuscale power
NuScale Power's recent share price surge and valuation analysis suggest the stock is undervalued by approximately 62.8%, based on a discounted cash flow model, despite ongoing losses and sector optimism around nuclear energy.
NuScale Power's stock has surged nearly 400% over the past year due to increased interest in small modular reactors (SMRs), driven by government policies in the US and UK supporting nuclear energy development. Despite the rapid stock increase and major deals like the TVA contract, analysts remain cautious with a neutral rating and a modest price target, citing uncertainties about cost competitiveness and industry credibility.
MarketBeat highlights five stocks that top analysts recommend buying before the summer, suggesting they are poised for growth, while NuScale Power is not among the top picks despite its moderate buy rating.
NuScale Power, a utility firm specializing in small modular reactor technology, is laying off 28% of its workforce, amounting to 154 full-time employees, in a cost-saving effort expected to yield $50-60 million in annualized savings. Despite receiving design certification for its SMR technology, NuScale has faced financial challenges and recently terminated a project in partnership with a Utah power company. The company's shares fell over 3% following the announcement, and it expects to incur a $3 million charge related to severance costs in the first quarter.
NuScale Power has announced the cancellation of its Carbon-Free Power Project, which aimed to deliver six small nuclear reactors in Idaho. The project failed to attract enough utility customers, despite more than two dozen utilities signing up to buy electricity from the reactors. The decision to cancel the project was influenced by the rising cost of building the reactors, which had increased to $9.3 billion from $5.3 billion due to rising interest rates and inflation. NuScale's stock price fell over 20% following the announcement.
NuScale Power has announced the cancellation of its Carbon-Free Power Project, which aimed to deliver six small nuclear reactors in Idaho. The project failed to attract enough utility customers, despite more than two dozen utilities signing up to buy electricity from the reactors. The decision to cancel the project was influenced by the rising cost of building the reactors, which had increased to $9.3 billion from $5.3 billion due to rising interest rates and inflation. NuScale's stock price fell over 20% in after-hours trading, and the company plans to repurpose materials developed for the project for other customers.