Why NuScale Power Stock Plunged to a 52-Week Low in July
The nuclear start-up stock could rebound sharply if this happens.
Overview
Holding the distinction of being the first small modular reactor (SMR) developer with a U.S. Nuclear Regulatory Commission design approval hasn't been able to save NuScale Power (NYSE: SMR) from a rough start to 2026.
The nuclear energy stock slumped 16.1% in July according to data provided by S&P Global Market Intelligence, hitting a 52-week low near $7.21 on July 17 as market sentiment cooled on pre-revenue artificial-intelligence (AI) power plays.
Details
By the end of July, NuScale shares had fallen 40% in the year. They're regaining some of the lost ground, though, in August so far. Could this be the turnaround point?
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.