Shares of NuScale (NYSE: SMR) dropped 18.8% this week, reflecting major selling from one of its largest shareholders, Fluor. The engineering and construction company converted a significant portion of its Class B shares into NuScale’s common stock, resulting in an influx of new shares to the market. This led to a decline in NuScale’s stock price, exacerbated by news that Goldman Sachs initiated coverage for NuScale rival Oklo with a neutral rating. While NuScale has potential for investors with higher risk tolerance, it faces a long road to profitability amid uncertainties about its technology and revenue generation.
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Read more at Yahoo Finance: Why Did NuScale Power Stock Sink 18.8% This Week?
