Is NuScale Power Stock a Buy Now?
The maker of small modular nuclear reactors could have a bright future.
NuScale Power (NYSE: SMR) has been a divisive stock since its public debut in May 2022. The bulls were impressed by the disruptive potential of its small modular reactors (SMRs) to change the status quo in the nuclear power industry while the bears claimed that its business model was unsustainable, its future was murky, and the stock's valuation was too high. At first, the bears' view dominated, and the stock sank over the year and a half that followed its IPO.
But over the past 12 months, shares of NuScale surged by more than 330% as some of those bearish concerns faded. Should investors chase that rally right now?
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