SMR Stock Alert: NuScale Power Plunges on Report of SEC Investigation

Core Viewpoint - Hunterbrook Capital has filed a Freedom of Information Act (FOIA) request regarding potential investigations into NuScale Power, alleging that the company has not successfully commercialized any nuclear reactors despite over a decade of research [1][5]. Group 1: SEC Investigation - Hunterbrook claims that the SEC's Division of Enforcement is conducting an active investigation into NuScale, leading to a nearly 15% drop in NuScale's stock price [5]. - The SEC confirmed that the investigation is ongoing and denied Hunterbrook's FOIA request under Exemption 7(A), which protects information that could interfere with enforcement proceedings [6][7]. - The existence of an investigation does not imply that NuScale has violated any laws [7]. Group 2: NRC Information Request - The U.S. Nuclear Regulatory Commission (NRC) has requested additional information from NuScale regarding risk mitigation for its reactor technology, which NuScale previously claimed was "near-term deployable" [2]. - NuScale responded that such information requests from the NRC are routine and should not be interpreted as indicative of a negative outcome [3]. Group 3: Financial Performance - In the first quarter, NuScale reported revenue of $1.4 million and a net loss of$48.1 million, alongside a 28% reduction in workforce [1]. - Despite a significant surge of 404% in stock price year-to-date, NuScale's shares have since fallen by approximately 45% [8].