NuScale Power Stock Sinks On Report The Company Is Under SEC Investigation: What Investors Need To Know
Portfolio Pulse from Adam Eckert
NuScale Power Corp (NYSE:SMR) shares are falling after Hunterbrook issued a report suggesting the company is under investigation by the SEC. NuScale denies any knowledge of such an investigation. Hunterbrook, a known short-seller, highlighted the company's significant stock appreciation and raised concerns about its reactor designs.
July 29, 2024 | 6:47 pm
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NuScale Power shares are down 19.1% following a report by Hunterbrook suggesting an SEC investigation. NuScale denies any knowledge of such an investigation. Hunterbrook, a short-seller, also raised concerns about the company's reactor designs.
The report from Hunterbrook, a known short-seller, has caused significant concern among investors, leading to a sharp decline in NuScale's stock price. The denial from NuScale adds some uncertainty, but the market reaction indicates a strong negative sentiment.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100