Utah Associated Municipal Power Systems And NuScale Power Agree To Terminate The Carbon Free Power Project
Portfolio Pulse from Benzinga Newsdesk
Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporation (NYSE:SMR) have mutually agreed to terminate the Carbon Free Power Project (CFPP) due to lack of enough subscription to continue toward deployment. Despite the termination, NuScale plans to continue advancing its small modular reactor (SMR) technology with other domestic and international customers.
November 08, 2023 | 10:31 pm
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NEUTRAL IMPACT
NuScale Power Corporation's termination of the CFPP with UAMPS may impact its short-term stock performance. However, the company's commitment to continue advancing its SMR technology with other customers may mitigate potential negative effects.
The termination of the CFPP could be seen as a setback for NuScale, potentially leading to a short-term negative impact on its stock. However, the company's commitment to continue advancing its SMR technology with other customers may offset this negative perception, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100