NuScale Power Stock: Buy, Sell, or Hold?
NuScale Power (NYSE: SMR) has taken its investors on a wild ride since its public debut. The producer of small modular reactors (SMRs) went public by merging with a special purpose acquisition company (SPAC) on May 3, 2022, and its stock started trading at $10.70 per share. It rallied as high as $15 over the following four months.
But by January 2024, NuScale's stock had sunk below $2. Like many other SPAC-backed companies, it lost its luster as it missed its pre-merger targets and racked up steep losses. Rising interest rates also popped its bubbly valuations as it lost a major deal and faced regulatory headwinds. Yet NuScale's stock subsequently rallied about 1,400% and now trades at $30. Let's see why it soared -- and if it's the right time to buy, sell, or hold this volatile stock.
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