Why Is NuScale Power Stock Sliding Right Now?
NuScale Power (NYSE: SMR) is a nuclear power start-up focused on small modular reactors (SMRs). The company is a speculative bet on small-scale nuclear power. The stock had been rising, but NuScale shares dropped 37% from July 25 to Aug. 19. What's going on?
It appears that NuScale is the victim of a pair of negative catalysts that hit in rapid succession: news of a big insider stock sale and a tepid quarterly report.
On July 31, construction and engineering company Fluor Enterprises (NYSE: FLR) -- NuScale's largest shareholder -- entered into an agreement to exchange 15 million Class B shares of NuScale stock for 15 million Class A shares. The transaction took place on Aug. 12. That agreement allows Fluor to sell the shares starting on Sept. 11, subject to some daily limitations.
Source Fool.com
Fluor Corp. Aktie
Die Fluor Corp. Aktie genießt uneingeschränkte Beliebtheit: Nur Buy-Einschätzungen.
Ein Kursziel von 48 € für Fluor Corp. könnte zu einer Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 36.49 € führen.
