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Is NuScale Power Stock a Buy Now?

TheMotleyFool

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NuScale Power's (NYSE: SMR) stock has gone through some wild swings since it went public by merging with a special purpose acquisition company (SPAC) on May 3, 2022. The nuclear reactor maker's stock started trading at $10.70 per share, rallied as high as $15 over the following months, but plummeted below $2 in early 2024.

But today, it trades at about $37 -- so a bold $1,000 investment at its all-time lows would be worth more than $18,500 today. So is it too late to buy NuScale's stock after those massive gains? Let's review its business model, the bull case, and the bear case to find out.

Image source: Getty Images.

Source Fool.com

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