Why These Energy Stocks are Losing This Week

6. NuScale Power Corporation (NYSE:SMR)

Share Price Decline Between Feb. 18 – Feb. 25: 7.18%

NuScale Power Corporation (NYSE:SMR) provides small modular reactor technology solutions. The company’s groundbreaking NuScale Power Module is a 12-module plant capable of producing up to 924 MWe of carbon-free energy.

NuScale Power Corporation (NYSE:SMR) had a setback on February 17 when Fluor announced that it had completed the sale of 71 million shares of the stock, generating sales proceeds of $1.35 billion. Furthermore, Fluor revealed that it expects to offload the remaining 40 million shares of the nuclear technology company in the second quarter of this year.

NuScale Power Corporation (NYSE:SMR) further faced downward pressure on February 23 when Barclays significantly reduced its price target on the stock from $45 to $15, but kept its ‘Equal Weight’ rating on the shares.

Similarly, on February 24, Cantor Fitzgerald lowered its price target on NuScale Power Corporation (NYSE:SMR) from $55 to $20, while maintaining its ‘Overweight’ rating on the shares. The revision follows a series of headwinds for the company, including the aforementioned share sales by Fluor, potential ATM-related pressure, and delays stemming from the RoPower announcement. That said, the analyst still indicated optimism around NuScale’s commercialization prospects and long-term potential.