NuScale Power (SMR): The Case for a Long-Term Buy Right Now
The market's skepticism regarding the development of data centers is presenting contrarians with a great buying opportunity.
Overview
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.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.