NuScale Power Corporation's stock, a leader in small modular reactor (SMR) nuclear technology, witnessed a significant 7.22% plummet on Thursday during the pre-market trading session. This sharp decline was part of a broader selloff in the nuclear energy sector, as investors took profits following a substantial post-election rally.
According to market analysts, the recent downturn in nuclear energy stocks was an overdue correction and a healthy recalibration after a stellar multi-year run. The selloff erased months' worth of gains in a short period, potentially creating attractive buying opportunities for long-term investors.
While the broader AI and nuclear energy sectors faced selling pressure, NuScale Power's drop was exacerbated by concerns surrounding the company's future growth prospects and competition from established players like Constellation Energy and GE Vernova, who are also actively pursuing SMR technologies.
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