NuScale Power Corp. Opens with 6.63% Gain, Outperforming S&P 500's Decline

NuScale Power Corp., a small-cap player in the Electronics & Appliances sector, opened today with a notable gain of 6.63%. This surge comes amid a broader market context where the S&P 500 has seen a decline of 2.71%. Over the past day, NuScale's performance has outpaced the index significantly, achieving a 14.73% increase, while its one-month performance stands at 23.89%, further highlighting its strong market position.
Despite these positive movements, the company faces challenges reflected in its financial metrics. The debt-equity ratio is notably high at -61.46%, and the pre-tax profit for the latest quarter has fallen to USD -37.61 million, a decrease of 31.42%. Additionally, the operating profit has reached a low of USD -42.78 million, indicating ongoing financial pressures.

Promoter confidence appears to be waning, with a 4.15% reduction in their stake over the previous quarter, now holding just 1.96%. Nevertheless, NuScale has demonstrated impressive long-term performance, generating a remarkable 320.56% return over the past year, outperforming the S&P 500 across various time frames.