The Case for and Against Buying NuScale Right Now
NuScale has plummeted. Are there good reasons to buy it now, or should you wait?
Overview
Advanced nuclear company NuScale Power (NYSE: SMR) is developing small modular reactors (SMRs), which are manufactured in a factory and deployed in multiples.
At its core, NuScale is trying to make nuclear power more practical. Rather than constructing gigawatt-sized nuclear power plants, which can take a decade or more to build, NuScale hopes to sell compact reactors on a shorter timeline, within a reasonable budget. Its reactors can be especially attractive to utility companies that want to replace coal plants with clean energy to meet climate goals.
Details
NuScale stock has slid quite substantially over the last year. Since last July, this nuclear energy stock has lost about 75% of its value. It currently trades at about $10 a share, with a 52-week high of $57.
Source
Originally published at www.fool.com.