Nuscale Power is trading at $8.07, down 4.21%, as markets react to the Federal Reserve’s 25-basis-point rate hike and renewed higher-rate pressure on growth stocks.
- The S&P 500 is down 0.89%, while the Dow is down 1.58%.
- Investors remain concerned that the TVA/ENTRA1 project is non-binding, lacks a PPA, and has not begun construction.
- The earlier UBS downgrade continues weighing on sentiment, citing construction-timeline and customer-commitment risks.