Should You Buy NuScale Power While It's Below $50?
NuScale Power's stock has dropped 77% from its all-time high, but Bank of America's research suggests a $10 trillion global opportunity for nuclear technology. The company's small modular reactor technology is expected to take off after 2030, but investors should expect extreme volatility in the meantime.
NuScale Power's stock price has plummeted 77% from its all-time high last October, currently hovering around $13 with a market capitalization of $4.3 billion. Bank of America's research predicts a $10 trillion global opportunity for nuclear technology over the next two to three decades. NuScale's small modular reactor technology is expected to contribute to this growth, but won't materialize until 2030 or 2035. The company's first system is not expected to come online until 2032. Investors should expect extreme volatility due to the long wait for mass growth and the uncertainty surrounding the technology. The share prices of NuScale and similar companies will be heavily influenced by small changes in risk tolerance.
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