We recently compiled a list of the 10 Firms Mirror Broader Market Downturn Ahead of 2025. In this article, we are going to take a look at where NuScale Power Corporation (NYSE:SMR) stands against the other firms that mirror broader market downturn ahead of 2025.
Ten companies mirrored a wider market downturn on Monday, as investors repositioned their portfolios in preparation for 2025.
On Monday, the Dow shed 0.97 percent or 418 points, while the S&P’s broader index decreased 0.95 percent or 56.48 points. The tech heavy Nasdaq registered the biggest decline, down 1.19 percent or 235.24 points.
In this article, let’s look at why some of the relatively larger-cap companies declined and what dragged down the performance of their shares.
A Nuclear power plant with all its safety & security protocols in place.
NuScale Power Corporation (NYSE:SMR)
NuScale Power Corporation (NYSE:SMR) closed Monday’s trading down by 6.66 percent at $18.21 each. Its five-day and 30-day trading registered a 7.98-percent and 33.10-percent decrease, signaling investor uncertainty.
Analysts posted a more pessimistic outlook on the company, saying that its shares performance was dampened by expectations that the company does not seem to book profits until 2030 at the earliest. While valued at $3 billion in market capitalization, Nuscale Power (SMR) boasts less than $10 million in annual revenue and is losing $80 million a year.
Nuscale’s is a company engaged in designing and manufacturing small modular reactors (SMR), which are installed in vessels with a diameter of just 9 feet and a height of 65 feet. These smaller designs are modular and pre-fabricated, which means that they are delivered and assembled on-site, giving flexibility that reduces the costs and deployment time for a working nuclear reactor.
Overall, SMR ranks 7th on our list of firms that mirror broader market downturn ahead of 2025. While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SMR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.