NuScale Power Corporation
Company Name | NuScale Power Corporation |
Stock Symbol | SMR |
On October 19, 2023, Iceberg Research published a report alleging, among other things, that NuScale “recently disclosed a huge contract with blockchain datacenter service provider Standard Power. This contract has zero chance of being executed as Standard Power clearly does not have the means to support contracts of this size.” Additionally, the report stated that “NuScale has around 15 months before its cash runs out.”
On this news, NuScale’s stock price fell $0.58, or 11.5%, to close at $4.46 per share on October 19, 2023, thereby injuring investors.
Submit Your Information
If you suffered a loss on your NuScale Power Corporation investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.