Aspire Biopharma faces potential Nasdaq delisting after compliance shortfall
SMR stock has reached an all-time high, hitting 53.52 USD, showcasing a remarkable performance over the past year. The stock’s impressive trajectory is evidenced by its 197.7% surge over the past six months and a substantial 155.4% year-to-date return, according to InvestingPro data. Nuscale Power Corp, the parent company of SMR, has experienced a significant 1-year change, with its stock appreciating by 236.2%. This impressive gain reflects the company’s robust growth and investor confidence, supported by its strong 71.5% gross profit margins. The achievement of this all-time high underscores the market’s positive sentiment towards SMR and its future prospects, though InvestingPro analysis indicates the stock may be currently overvalued. Discover 15+ additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, NuScale Power Corporation has been active with several significant developments. The company announced a landmark agreement with ENTRA1 Energy and the Tennessee Valley Authority (TVA) to deploy up to 6 gigawatts of small modular reactor (SMR) capacity across TVA’s seven-state service region. This initiative is touted as the largest SMR deployment in U.S. history and aims to provide enough carbon-free electricity to power the entire Dallas-Fort Worth metropolitan area. Additionally, NuScale Power has entered into a tri-party agreement with the U.S. Department of Energy and CFPP LLC to acquire certain reactor materials for $32.3 million. The transaction involves NuScale purchasing CFPP’s rights, titles, and interests in the specified materials. RBC Capital has also initiated coverage on NuScale Power with a Sector Perform rating and a $35.00 price target, classifying the stock with a Speculative Risk rating. This rating positions NuScale as a first mover and industry leader in SMR technology.
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