NuScale Power’s 3.49% Rally Hits 223rd Spot on $470M Volume Amid Share Conversion Fears and Earnings Woes

NuScale Power (SMR) rose 3.49% on August 20, with a trading volume of $0.47 billion, ranking 223rd in market activity. The stock has faced significant pressure in recent weeks due to two key developments. Fluor Enterprises, NuScale’s largest shareholder, announced the conversion of 15 million Class B shares to Class A shares, allowing the sale of these shares starting September 11. This triggered investor concerns over potential dilution and prompted preemptive selling. Meanwhile, NuScale’s Q2 results fell short of expectations, with revenue at $8.1 million and a net loss of $0.13 per share, further weighing on sentiment.

The company’s small modular reactor (SMR) technology remains in the development phase, with management aiming for a firm order by year-end 2025. Despite a year-to-date gain of 88.46%, the stock’s trajectory reflects heightened volatility tied to its speculative nature. Analysts caution that Fluor’s impending share sales could exacerbate downward pressure, while the lack of immediate commercial contracts prolongs uncertainty. Institutional activity, including recent purchases and call option trades, underscores mixed investor positioning between short-term opportunities and long-term risks.

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