Long Position on SMR @ $18.00 on 10/25/2024 (Fundamentals)

NuScale Power Corporation (SMR) engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications.

Bullish Flag FormationIt offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.

The company was founded in 2007 and is headquartered in Portland, Oregon. NuScale Power Corporation operates as a subsidiary of Fluor Enterprises, Inc.

Entry Point: $18.00

Trading Range: $1.81 - $20.35

Stop Loss: $17.25

Target Price: $19.75

 

Position closed on 11/13/2024 at price of $25.57 with a 42.06% gain in 19 days.

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