NuScale Power Corp. Hits Day High with 16.68% Surge in Stock Price

NuScale Power Corp. has experienced significant activity today, with the stock surging by 16.68% and reaching an intraday high of USD 56.16. This performance stands in stark contrast to the S&P 500, which has seen a slight decline of 0.16% on the same day. Over the past week, NuScale has demonstrated impressive growth, with a 39.87% increase, while the S&P 500 has dropped by 1.05%. In the longer term, NuScale's performance remains robust, boasting a remarkable 292.29% increase over the past year and a year-to-date performance of 197.99%. The company's market capitalization is currently at USD 9,672 million, categorizing it as a small-cap stock within the Electronics & Appliances industry. Despite these positive trends, the company faces challenges, including a negative EBITDA and a debt-equity ratio of -0.61. Additionally, promoter confidence appears to be waning, with a 4.15% reduction in their stake over the previous quarter. Nonetheless, NuScale Power Corp. continues to outperform the S&P 500 across various time frames, highlighting its strong market position.