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NuScale Power Corporation (NYSE:SMR), currently trading at $38.17 with a market capitalization of $10.87 billion, disclosed Monday that it has entered into a sales agreement with UBS Securities LLC, TD Securities (USA) LLC, B. Riley Securities, Inc., Canaccord Genuity LLC, and Tuohy Brothers Investment Research, Inc. to launch an at-the-market offering program. According to InvestingPro data, the stock has experienced significant volatility, dropping 16.9% in the past week. According to a statement based on an SEC filing, the company may offer and sell, at its discretion, shares of its Class A common stock with an aggregate offering price of up to $500 million. The company maintains strong financial health with a current ratio of 4.22 and impressive gross profit margins of 71.5%. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 14 additional exclusive insights available to subscribers.
Under the terms of the agreement, NuScale Power may sell shares from time to time through any of the listed financial institutions acting as sales agents. The company’s Class A common stock carries a par value of $0.0001 per share and is listed on the New York Stock Exchange under the ticker symbol SMR.
O’Melveny & Myers LLP, acting as counsel to NuScale Power, has issued a legal opinion regarding the validity of the shares to be issued and sold under the sales agreement. The opinion, dated August 11, 2025, was included as an exhibit in the SEC filing.
The filing was signed by Robert Ramsey Hamady, Chief Financial Officer of NuScale Power. All information is based on a press release statement included in the company’s Form 8-K submitted to the Securities and Exchange Commission.
In other recent news, NuScale Power reported its second-quarter 2025 earnings, which fell short of expectations. The company’s earnings per share (EPS) came in at -$0.13, missing the forecasted -$0.11, representing an 18.18% negative surprise. Revenue also disappointed, reaching only $8.1 million compared to the anticipated $11.89 million, a shortfall of 31.88%. Despite these results, UBS raised its price target for NuScale Power from $34 to $38, maintaining a Neutral rating. UBS adjusted its cash EBITDA estimates for the years 2025, 2026, and 2027, reflecting modest changes in operating expenses and revenue timing. The revised estimates are $(112) million for 2025, $40 million for 2026, and $216 million for 2027. These developments provide investors with critical insights into the company’s financial performance and future projections.
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