Why NuScale Power Stock Dropped Today
Shares of NuScale Power (NYSE: SMR) slipped 3.2% through 11 a.m. ET Thursday on some disconcerting news out of Great Britain. According to World Nuclear News (WNN), the British government just narrowed the list of companies competing to begin building small modular nuclear reactors (SMRs) in the U.K. to four names.
NuScale isn't one of them.
According to WNN, the list of companies competing for this program initially numbered six, but two companies have been cut: NuScale and France's EDF. General Electric subsidiary GE Hitachi Nuclear Energy, Rolls-Royce-owned Rolls-Royce SMR, and privately owned Holtec and Westinghouse all made the cut with reactor designs based on existing technology married to "modular production techniques."
Source Fool.com
