NuScale Power Faces $2.1 Billion Short Bet, Following 99.1% Revenue Collapse

Short sellers bet $2.1 billion against NuScale Power and the small modular reactor sector, according to the Financial Times.

NuScale's stock fell 35% year-to-date as its market value declined.

The company reported a 99.1% year-over-year revenue decrease in its latest quarter.

Total quarterly revenue fell to approximately $75,000.

NuScale raised roughly $900 million through stock offerings, sparking shareholder dilution concerns.

Bank of America increased its stake to 0.56% of the company, according to a recent SEC filing.