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NuScale Power Corporation - SMR STOCK NEWS

Welcome to our dedicated news page for NuScale Power Corporation (Ticker: SMR), a resource for investors and traders seeking the latest updates and insights on NuScale Power Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NuScale Power Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NuScale Power Corporation's position in the market.

Rhea-AI Summary
NuScale Power Corporation (NYSE: SMR) made significant progress in commercializing its small modular reactor (SMR) technology, with key achievements like initiating Phase 2 Front-End Engineering and Design for the RoPower project, Standard Design Approval application under review by the U.S. Nuclear Regulatory Commission, and reducing expenses for better positioning. Financially, NuScale reported revenue of $4.6 million and a net loss of $56.4 million for the fourth quarter of 2023, with cash and equivalents of $125.4 million and no debt on the balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.43%
Tags
earnings
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Rhea-AI Summary
NuScale Power Corporation (NYSE: SMR) management to participate in investor conferences in March and April 2024, including UBS Global Energy Transition Conference and Bank of America Virtual Nuclear Mini-Conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
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conferences
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Rhea-AI Summary
NuScale Power Corporation (NYSE: SMR) will host a conference call to review Q4 and full year 2023 results. Financial results will be released after market close on March 14, 2024. NuScale's financial reporting is overseen by the new principal accounting officer, Jackie Engel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
Tags
earnings
Rhea-AI Summary
NuScale Power Corporation (NYSE: SMR) announces strategic actions to reduce costs and refocus resources on key strategic areas, projecting $50-60 million in annualized savings and a workforce reduction of 154 full-time employees. The company aims to transition from R&D to commercialization, advance revenue-generating projects, secure new orders, and position itself for long-term success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
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none
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Rhea-AI Summary
NuScale Power Corporation (SMR) announced the appointment of Jim Breuer to its Board of Directors, replacing Christopher Panichi. Breuer, President of Fluor’s Energy Solutions business group, brings over 30 years of experience in the nuclear industry. His expertise is expected to aid in the commercial deployment of NuScale's SMR technology and global decarbonization efforts. NuScale's CEO, John Hopkins, expressed confidence in Breuer's ability to help the company transition from R&D to commercial deployment. Breuer's appointment signifies NuScale's commitment to addressing the world's decarbonization needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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management
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Rhea-AI Summary
NuScale Power (SMR) integrates Ansys (ANSS) simulation solutions to design the NPM, the first SMR approved by the U.S. Nuclear Regulatory Commission. The NuScale SMR can safely supply carbon-free energy for various applications, including electrical generation, district heating, water desalinization, and hydrogen production. Ansys solutions have helped NuScale create a groundbreaking fully passive safety system for its reactors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
none
Rhea-AI Summary
NuScale Power (SMR) integrates Ansys (ANSS) simulation solutions to design the NPM, the first SMR approved by the U.S. Nuclear Regulatory Commission. The NuScale SMR can safely supply carbon-free energy for various applications, including electrical generation, district heating, water desalinization, and hydrogen production. Ansys solutions have helped NuScale create a groundbreaking fully passive safety system for its reactors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
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none
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Rhea-AI Summary
NuScale Power Corporation (NYSE: SMR) partners with Oak Ridge National Laboratory to conduct a techno-economic assessment (TEA) on implementing a cost-effective steam heat augmentation design using NuScale's small modular reactor (SMR) technology for a U.S. chemical facility. The collaboration aims to assess the viability of NuScale's SMR technology with steam heat augmentation for use in a chemical system, including examination of steam reliability, operational costs, and system stability. The study is expected to be completed within one year and is funded by the U.S. Department of Energy's GAIN initiative. This partnership is a significant step in the effort to decarbonize commercial chemical plants, presenting a reliable clean energy option for meeting clean energy goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.4%
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none
-
Rhea-AI Summary
NuScale Power Corporation (NYSE: SMR) has opened the first NuScale Energy Exploration Center (E2 Center) at Seoul National University in partnership with GS Energy Corporation, Doosan Enerbility Co. Ltd., and Samsung C&T Corporation. This educational training hub aims to develop the next generation of advanced nuclear experts, technologists, and operators, positioning South Korea as a regional leader in small modular reactor (SMR) deployment in Asia. The E2 Center offers a hands-on opportunity to apply nuclear science and engineering principles through simulated, real-world nuclear power plant operation scenarios, providing a unique learning environment for visitors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.06%
Tags
none
Rhea-AI Summary
NuScale Power Corporation (NYSE: SMR) announced its management will be meeting with institutional investors at various conferences in November and December 2023. The company will attend invitation-only events such as the NYSE Industrials Conference, Mizuho Power, Energy & Infrastructure Conference, Wells Fargo Midstream & Utilities Symposium, Janney Montgomery Scott Clean Energy Investment Symposium, and Wolfe Research Small and Mid-Cap Conference. Interested investors should contact their sales representative to register and secure a time for one-on-one meetings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
conferences
NuScale Power Corporation

NYSE:SMR

SMR Rankings

SMR Stock Data

423.80M
51.76M
24.38%
55.44%
18.92%
Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing
Manufacturing
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United States
Portland