Publicly traded stock of advanced nuclear reactor developer NuScale, which is majority-owned by Fluor Corp., hit an all-time low this week.
The company’s stock, which trades on the New York Stock Exchange, plunged to $6.42 a share on Tuesday, down by about 40% compared with the Oregon-based company’s first day of trading on May 2 after its initial public offering.
NuScale stock on Wednesday clawed back only the thinnest of gains, finishing the day at $6.67 a share. At its highest, in August of 2022, the per-share price was nearly $16.
It’s been a steady downhill march in the roughly one year since that apex, but June has been especially bad for the NuScale stock, which has dropped about $2 a share during the month.
