NuScale Is Impossible to Ignore Right Now. Here's What to Do With It.
This little nuclear stock could remain volatile for the rest of the year.
NuScale Is Impossible to Ignore Right Now. Here's What to Do With It.
Overview
NuScale (NYSE: SMR), a producer of small modular reactors (SMRs), went public through a merger with a special purpose acquisition company (SPAC) in May 2022. Its stock opened at $10.70 per share, set a record high of $53.43 last October, but now trades at about $11.
NuScale is volatile because it's a divisive stock. The bulls claim that its SMRs, which are smaller than conventional nuclear reactors, will reshape the nuclear energy market and address the soaring energy needs of the cloud, AI, and industrial automation markets. The bears claim it will struggle to grow its business amid intense competition and macro headwinds. Let's see which argument makes more sense -- and if it's the right time to buy or sell this nuclear stock.
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Originally published at www.fool.com.
