Should You Buy SMR While It's Under $20?
NuScale Power (NYSE: SMR), the maker of nuclear small modular reactors, is down more than 58% in the past six months, and the stock closed at a little over $17 a share on Dec 16. The stock initially rode a wave of enthusiasm this summer, and then again this fall, reaching a 52-week high of $57 in October. Yet factors such as investors trimming stakes, analyst skepticism, and the fact that NuScale is still trying to lock down its initial customers are weighing the stock down.
NuScale is still a start-up in the sense that it has much to prove as far as commercial viability is concerned. The uncertainty and potential lack of real demand are part of why the stock has slid more than 20% in the last month alone.
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Source Fool.com
