Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Nuscale Power Corp before investing.

In this article, we go over a few key elements for understanding Nuscale Power Corp’s stock price such as:

• Nuscale Power Corp’s current stock price and volume
• Why Nuscale Power Corp’s stock price changed recently
• Upgrades and downgrades for SMR from analysts
• SMR’s stock price momentum as measured by its relative strength

About Nuscale Power Corp (SMR)

Before we jump into Nuscale Power Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

NuScale Power Corporation is a provider of proprietary advanced small modular reactor nuclear technology. The Company’s groundbreaking SMR technology is powered by the NuScale Power Module, a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross) and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output. It serves diverse customers across the world by supplying nuclear energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. In addition to its flagship 12-module (924 MWe) VOYGR-12TM power plant, it offers smaller power plant solutions, including the six-module (462 MWe) VOYGR-6TM and the four-module (308 MWe) VOYGR-4TM. It offers VOYGR power plant designs for three facility sizes that are scalable in that they are capable of housing from one to four, six or 12 NPMs.

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Nuscale Power Corp’s Stock Price as of Market Close

As of September 30, 2024, 4:00 PM, CST, Nuscale Power Corp’s stock price was $11.58.

Nuscale Power Corp is down 7.73% from its previous closing price of $12.55.

During the last market session, Nuscale Power Corp’s stock traded between $11.33 and $13.10. Currently, there are 89.55 million shares of Nuscale Power Corp stock available for purchase.

Unfortunately, Nuscale Power Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Nuscale Power Corp Stock Price History

Nuscale Power Corp’s (SMR) price is currently up 40.7% so far this month.

During the month of September, Nuscale Power Corp’s stock price has reached a high of $13.10 and a low of $6.88.

Over the last year, Nuscale Power Corp has hit prices as high as $16.91 and as low as $1.81. Year to date, Nuscale Power Corp’s stock is up 12.87%.

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What Caused Nuscale Power Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 27, 2024, there were 0 analysts who downgraded Nuscale Power Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Nuscale Power Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Nuscale Power Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Nuscale Power Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Nuscale Power Corp (SMR) by visiting AAII Stock Evaluator.

Relative Price Strength of Nuscale Power Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 27, 2024, Nuscale Power Corp has a weighted four-quarter relative price strength of 24.20%, which translates to a Momentum Score of 94 and is considered to be Very Strong.

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Nuscale Power Corp Stock Price: Bottom Line

As of September 30, 2024, Nuscale Power Corp’s stock price is $11.58, which is down 7.73% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Nuscale Power Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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