Roaring out of the gate to start the new year, shares of NuScale Power (NYSE: SMR) soared 23.4% in January.
Expand the perspective, though, and the next-generation nuclear reactor stock’s performance is much less thrilling
As of this writing, shares of NuScale Power have plummeted 45.5% year to date. But savvy investors know that when the market sours on a stock, a sweet buying opportunity sometimes emerges — a phenomenon that is now the case with NuScale Power. Here’s why.
For some, shares of this nuclear leader have lost their luster It wasn’t so long ago that NuScale Power stock gleamed brightly in the eyes of growth investors. Two years ago, enthusiasm for artificial intelligence (AI) was booming, and the market soon learned that data centers required massive amounts of power due to the steep demands of AI computing. Advanced nuclear reactor stocks like NuScale Power appeared to be the answer, and their stocks flourished.