Wall Street’s main indices finished mixed on Friday, with the tech-heavy Nasdaq emerging as the sole gainer, rallying 0.41 percent. The Dow Jones, for its part, decreased by 0.37 percent, while the S&P 500 was little changed, dipping 0.01 percent.
Ten companies mirrored a mostly pessimistic broader market. In this article, we identified the 10 major losers and explored the factors driving their significant drops.
To come up with this list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
Stock market data. Photo by Alesia Kozik on Pexels
10. Nuscale Power Corp. (NYSE:SMR)
Nuscale Power dropped for a second day on Friday, losing 6.6 percent to close at $23.08 apiece as investors resumed profit-taking following a surge earlier in the week while staying on the sidelines ahead of more concrete updates for the nuclear energy industry.
While outlooks for SMR were generally bullish amid the company’s expected ride on the booming energy industry, Friday’s trading suggested a lack of fresh catalyst to spark buying appetite.
Over the next few years, SMR is expected to benefit from the government’s plan to prioritize boosting energy demand from various energy sources, coupled with an expected uptick in demand from companies in the Artificial Intelligence industry.
According to President Donald Trump, he expects the energy industry to power up the country’s manufacturing sector.
Meanwhile, the International Energy Agency (IEA) said in its earlier report that SMR’s business prospects were bullish, saying its small modular reactors were particularly promising.
9. Ingersoll Rand Inc. (NYSE:IR)
Shares of Ingersoll Rand declined by 7.38 percent on Friday to close at $85.72 apiece as investors sold off positions after reporting mixed earnings performance last year.
In the last quarter of 2024, IR said net income was flat at $231 million versus the same period a year earlier, despite revenues inching up by 4 percent to $1.89 billion from $1.82 billion in the same period.
Full-year net profit, however, grew 7.8 percent to $846.3 million from $785.1 million in 2023.
For 2025, IR said it expects revenues to grow between 3 to 5 percent and adjusted EBITDA of $2.13 billion to $2.19 billion, representing 6 to 9 percent growth year-on-year.
“We…significantly outpaced our inorganic growth commitments last year and are poised for another strong year of M&A [mergers and acquisitions] activity in 2025. In what continues to be a dynamic global market environment, we remain nimble and focused as we continue to deliver financial durability by meeting our long-term commitments,” said IR Chairman and Chief Executive Officer Vicente Reynal.
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