Why NuScale Power Stock Jumped Today
Shares of NuScale (NYSE: SMR) spiked on Tuesday, finishing up 4%, but gained as much as 11.9% earlier in the day. The rise comes as the S 500 and Nasdaq Composite lost 0.5% and 0.7%, respectively.
NuScale, a developer of small modular reactors (SMRs), is seeing its stock recover after a steep decline on Friday. A large shareholder is looking to sell a chunk of its sizable stake in NuScale.
, a major construction and engineering company and a major NuScale shareholder, is looking to convert 15 million of its Class B shares into Class A shares so that it can sell them. This is less about Fluor losing faith in NuScale and more about the extreme volatility of its stock and its effects on Fluor's accounting.
Source Fool.com
Fluor Corp. Aktie
43,58 €
0,28 %
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