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NuScale Power (SMR) shares were down more than 13% in afternoon trading on Friday after UBS downgraded the company's stock to sell from neutral and adjusted the price target to $6 from $10.Trading volume stood at over 70.3 million shares against a daily average of about 31.8 million.Price: $8.86, Change: $-1.35, Percent Change: -13.22%
NuScale Power (SMR) has an average rating of hold and mean price target of $12.37, according to analysts polled by FactSet.
Energy stocks fell Tuesday with the NYSE Energy Sector Index declining 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1.7%.The Philadelphia Oil Service Sector Index shed 0.6%, and the Dow Jones US Utilities Index rose 0.1%.In geopolitical news, Iran pledged to fight back against expanded US sanctions aimed at isolating its economy, expressing confidence that major trading partners would resist the pressure campaign and saying that Washington was keen to revive talks, Reuters reported.West Texas Intermediate crude oil fell 3.2% to $82.28 a barrel, and global benchmark Brent dropped 4% to $88.53 a barrel. Henry Hub natural gas futures rose 0.3% to $2.84 per 1 million BTU.In corporate news, SLB (SLB) has received access to Venezuela's oilfield data following a contract signed between the company and the state-run Petroleos de Venezuela, Reuters reported. SLB shares declined 1.3%.Shell (SHEL) put its Aphrodite offshore gas project in Trinidad and Tobago on hold following commercial disagreements with the country's National Gas Co., Reuters reported. The shares eased 0.5%.Eni (E) is working with project partners BP (BP) and Egyptian Petroleum to reach a final investment decision in a few months regarding the major gas discovery Denise West in Egypt's Temsah concession. Eni shares fell 2.1%, and BP shed 2%.NuScale Power (SMR) shares jumped 8.2%. The company is deploying nuclear-specific AI tools from Nuclearn and NPX to support engineering and knowledge management as it advances its next-generation SMR program.
Energy stocks fell late Tuesday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each shedding 1.1%.The Philadelphia Oil Service Sector Index was down 0.3%, and the Dow Jones US Utilities Index added 0.5%.Front-month West Texas Intermediate crude oil fell 3.2% to $82.28 a barrel, and the global benchmark Brent crude contract dropped 4% to $88.53 a barrel. Henry Hub natural gas futures rose 0.3% to $2.84 per 1 million BTU.In corporate news, NuScale Power (SMR) shares jumped 7.9% after the company said it is deploying nuclear-specific AI tools from Nuclearn and NPX to support engineering and knowledge management as it advances its next-generation SMR program.
(Updates with recent stock movement in headline and first paragraph.)NuScale Power (SMR) shares were up nearly 9% in afternoon trading on Tuesday after the company said it is deploying nuclear-specific AI tools from Nuclearn and NPX to support engineering and knowledge management as it advances its next-generation SMR program.The initiative combines NuScale's reactor expertise with Nuclearn's AtomAssist AI platform and NPX's nuclear project experience to streamline access to engineering, licensing, technical and institutional information, the company said.NuScale's initial proof of concept showed the AI tools could cut information-search time by up to 80% while identifying relevant engineering methods and standards, it added.Price: $9.86, Change: $+0.81, Percent Change: +8.99%
NuScale Power (SMR) said on Tuesday that it is deploying nuclear-specific artificial intelligence tools to accelerate engineering and knowledge-management work as it pushes its small modular reactor technology toward commercial deployment.The nuclear technology firm is working with Nuclearn and NPX to develop AI tools to help engineers retrieve, interpret, and apply information from technical documents, licensing records, engineering standards, and proprietary company knowledge.NuScale said an initial proof of concept showed that AI tailored to nuclear terminology and workflows could cut the time needed to locate relevant information by about 80%.The system is also designed to surface applicable engineering methods and standards and maintain traceability to the underlying controlled sources.Nuclearn is providing its AtomAssist nuclear AI platform, while NPX is contributing nuclear project expertise and AI implementation capabilities. The companies are combining those systems with NuScale's proprietary engineering and licensing information.NuScale is developing its NuScale Power Modules, a small modular reactor technology designed to be deployed as part of nuclear power plants.The company plans to advance a near-term deployment model as demand for nuclear power grows amid rising electricity needs and efforts to expand low-carbon generation.Price: $9.53, Change: $+0.48, Percent Change: +5.25%
NuScale Power (SMR) is deploying nuclear-specific AI tools from Nuclearn and NPX to support engineering and knowledge management as it advances its next-generation SMR program, the company said Tuesday.The initiative combines NuScale's reactor expertise with Nuclearn's AtomAssist AI platform and NPX's nuclear project experience to streamline access to engineering, licensing, technical and institutional information, the company said.NuScale's initial proof of concept showed the AI tools could cut information-search time by up to 80% while identifying relevant engineering methods and standards, it added.Shares of NuScale rose more than 3% in premarket activity Tuesday.Price: $9.31, Change: $+0.27, Percent Change: +3.04%
NextEra Energy (NEE) and Dominion Energy's (D) merger shows that the "AI-driven power demand supercycle is not a cyclical trade but a decades-long infrastructure build," Wedbush said in a note Monday.In the grid infrastructure and data center space, Quanta Services (PWR) and Willdan (WLDN) will be direct beneficiaries of the deal, Wedbush said, adding that a combined NextEra and Dominion spanning Florida, Virginia, North Carolina, and South Carolina will need a "sustained acceleration in transmission, substation, and distribution buildout."In the equipment and power management sector, Vertiv (VRT) and Eaton (ETN) are poised to benefit from scale procurement, the note said, adding the combined company's emphasis on "supply chain scale and procurement efficiency points directly to accelerating orders for thermal management, power conversion, and switchgear."In the power generation and fuel supply space, Constellation Energy (CEG), Vistra (VST), and Talen Energy (TLN) will likely also benefit from "demand confirmation," Wedbush said, adding the deal's "explicit framing of surging large-load demand" will support independent power producers serving the same Mid-Atlantic and Southeast regions.Meanwhile, for the materials and enabling technologies sector, the "nuclear infrastructure thesis" will likely be boosted, Wedbush said, as the combined company's position as the second largest in US nuclear generation will back the "long-term investment case for the nuclear supply chain."Cameco (CCJ), BWX Technologies (BWXT), and NuScale Power (SMR) are the companies most directly linked to nuclear fuel, services, and reactor deployment, the note said.Price: $88.37, Change: $-5.00, Percent Change: -5.35%
NuScale Power (SMR) has an average rating of Hold and mean price target of $17.81, according to analysts polled by FactSet.
