Bank of America just raised its EUR/USD forecast
In a related transaction, Hopkins also exercised options to acquire 664,568 shares at an exercise price of $3.41 per share. Following these transactions, Hopkins holds 34,675 shares directly. These moves were filed under a pre-arranged trading plan, as indicated in the company's filings. With the stock recently gaining 14.5% in the past week and 70.6% over six months, InvestingPro subscribers can access 15+ additional exclusive insights and a comprehensive Pro Research Report for deeper analysis of SMR's valuation and growth prospects. With the stock recently gaining 14.5% in the past week and 70.6% over six months, InvestingPro subscribers can access 15+ additional exclusive insights and a comprehensive Pro Research Report for deeper analysis of SMR's valuation and growth prospects.
In a related transaction, Hopkins also exercised options to acquire 664,568 shares at an exercise price of $3.41 per share. Following these transactions, Hopkins holds 34,675 shares directly. These moves were filed under a pre-arranged trading plan, as indicated in the company's filings.
In other recent news, NuScale Power Corporation has made significant strides in the clean energy sector, particularly with its unique small modular reactor (SMR) technology. The company recently finalized the redemption of all its outstanding warrants, providing it with $227.7 million in cash proceeds. This financial milestone bolsters NuScale's capital, supporting its ongoing global deployment of SMR technology.
In addition, NuScale has secured a pivotal supply agreement with Doosan Enerbility Co., Ltd. for reactor components, a key step towards manufacturing its SMRs. This agreement aligns with NuScale's strategy to solidify its supply chain for its SMR technology deployment.
In terms of financial health, the company's recent earnings reveal a cash position of $161.7 million and a reduction in operating expenses from $93.9 million to $41.2 million year-over-year. Despite a net loss of $45.5 million, this marked an improvement from the previous year's loss of $58.3 million.
Furthermore, collaborations with ENTRA1 Energy and a $20 million customer deposit from RoPower have been announced, and a power upgrade application for the SMR design is expected to be concluded by mid-2025. These recent developments underline NuScale's strategic position in the growing clean energy market.
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