Stocks of small modular reactor developers NuScale Power and Oklo rose sharply by 13% and 7% respectively, signaling renewed investor interest in the nuclear energy sector despite a broadly declining market. This rally comes without new company-specific news but reflects a rotation back into nuclear stocks after a summer selloff. NuScale remains down 24% and Oklo down 39% year-to-date, indicating the sector still faces challenges. Investors are watching for sustained gains in uranium-related ETFs and fuel companies like Centrus Energy to confirm a lasting recovery in nuclear stocks.
Pomerantz LLP is investigating NuScale Power Corporation and some of its executives for possible securities fraud following UBS's downgrade of the company from "Neutral" to "Sell" and a price target cut from $10 to $6. UBS cited NuScale's loss of fir...
NuScale Power's stock dropped 7% to a new 52-week low following Barclays' downgrade from Equal Weight to Underweight and a cut in price target. The downgrade reflects concerns over NuScale's delay in securing its first binding reactor order, a critic...
