Can SMR Stock Beat the Market?
A month ago, if you asked whether NuScale Power (NYSE: SMR) was beating the market, you could answer, "yes." At the time, shares in this developer of small modular nuclear reactors were up nearly fourfold over the past year, over fivefold over the past three years, and nearly sixfold since the 2022 special purpose acquisition company (SPAC) merger that took the company public.
However, following a steep pullback for the stock, NuScale has gone from outperformer to underperformer. Shares lag the S&P 500 (SNPINDEX: ^GSPC) stock market index on a one-year and three-year basis. Now, there's still potential for shares not only to make up for this recent wave of losses, but also to experience a full-on breakout in price.
The problem, though, is that well before this happens, chances are the stock continues to tumble back toward prior lows.
Source Fool.com
