Prediction: NuScale Power Stock Doesn't Get Halfway Back to Its Old High Before 2029
Halfway back is a 166% gain in less than two and a half years. The filings say more about what the reactor developer pays than what it earns.
Overview
Getting halfway back to an old high sounds like a modest goal. For NuScale Power (NYSE:SMR), it arguably isn't.
The small modular reactor developer's stock touched a 52-week high of $57.42 last October, and it trades near $10.81 as of this writing, about 81% below that peak. Half of that peak is $28.71, a gain of about 166% from here.
Details
My prediction is that it doesn't happen before the end of 2028. That isn't because the stock can't rally -- it jumped 15% in one session earlier this month with no news from the company.
Source
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.