Why NuScale Power Stock Keeps Going Up
NuScale Power (NYSE: SMR) is on a roll, heating up 15.8% through 11 a.m. ET on Monday -- its third straight trading day of gains, after announcing plans this morning to participate in several institutional investor conferences over the next couple of months.
NuScale hasn't called these conferences itself. Two will be hosted by investment banks UBS and Bank of America, respectively, and the third by the NYSE. NuScale will be just one of many companies participating. There's no guarantee the company has groundbreaking news to announce.
Still, the fact that NuScale will participate in the first of these conferences (UBS') on March 19 may be driving investor optimism about the small modular (nuclear power) reactor company. After all, that conference will take place only a few days after NuScale is scheduled to report its Q4 and full-year earnings on Thursday this week. If NuScale has good news to report Thursday, then next Tuesday's conference would be a logical time to try to capitalize on the news by attracting more institutional investors to invest in its stock.
Source Fool.com
