NuScale Power‘s (NYSE: SMR) stock has gone through some wild swings since it went public by merging with a special purpose acquisition company (SPAC) on May 3, 2022. The nuclear reactor maker’s stock started trading at $10.70 per share, rallied as high as $15 over the following months, but plummeted below $2 in early 2024.
But today, it trades at about $37 — so a bold $1,000 investment at its all-time lows would be worth more than $18,500 today. So is it too late to buy NuScale’s stock after those massive gains? Let’s review its business model, the bull case, and the bear case to find out.
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