NuScale Power Stock Broke Out in August. Is It a Buy?
The nuclear energy stock reported a 99% plunge in Q2 revenue, but why is the stock still going up?
Overview
A stock that just hit a 52-week low doesn't usually need much to bounce. NuScale Power (NYSE: SMR) found that out in August, gaining 10.1% during the month according to data provided by S&P Global Market Intelligence, after a brutal July.
Has the nuclear energy stock bottomed out, and should investors buy it while they still can amid the artificial intelligence (AI) power crunch?
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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.