NuScale Power (SMR) Declines 8.7% on Lack of Leads

NuScale Power Corporation (NYSE:SMR) is one of 10 Stocks that Fell Off the Cliff.

NuScale Power Corporation (NYSE:SMR) declined by 8.7 percent on Tuesday to end at $36.12 apiece, in line with the general market pessimism, as investors stayed on the sidelines ahead of developments in the macroeconomic environment.

In recent news, NuScale Power Corporation (NYSE:SMR) partnered with GSE Solutions for the development of a hydrogen fuel cell generation and storage plant simulation model to support the former’s hydrogen simulator project.

The initiative forms part of the broader research to provide clean water and efficient hydrogen production technologies.

Following the partnership, a single NuScale power module (NPM) coupled with a reverse osmosis desalination system is expected to yield 150 million gallons of clean water daily without generating carbon dioxide.

NuScale Power (SMR) Declines 8.7% on Lack of Leads

A Nuclear power plant with all its safety & security protocols in place.

Twelve NPMs provide desalinated water for a city of 2.3 million residents and electricity for 400,000 homes.

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.