nuclear-news

NuScale Power plunges after report says it is under SEC investigation

 NuScale Power -12% to its lowest level in more than a month after a
Hunterbrook Capital published a critical report on the company, saying the
Securities and Exchange Commission’s Division of Enforcement is conducting
an “active and ongoing” investigation into the company

The SEC cautioned that its decision “should not be construed as an indication by the
Commission or its staff that any violations of law have occurred.” NuScale
Power (SMR), which has positioned itself as a pioneer in small modular
reactor technology, has seen its market capitalization more than triple
over the past six months to $2B-plus. Approval of NuScale’s (SMR) reactor
by the Nuclear Regulatory Commission is crucial for the company, given that
NuScale has indicated it does not anticipate commercializing an earlier, 50
MW version of its reactor that was the first small modular reactor to be
certified by the NRC.

 Seeking Alpha 29th July 2024

https://seekingalpha.com/news/4129469-nuscale-sinks-after-report-says-under-sec-investigation

August 2, 2024 - Posted by Christina Macpherson | Uncategorized