Nuscale Power is trading at $8.83 (5.9% down) after reporting a sharp year-over-year drop in second-quarter revenue that fell significantly short of analyst expectations.
- Revenue for the quarter came in at $0.08 million, far below the consensus estimate of $11.91 million, following the completion of a major engineering services project.
- Despite the top-line miss, the company reported a loss per share of $0.13, which was in line with Wall Street projections.
- Sentiment remains pressured as broader indices show mixed performance following the conclusion of the regular trading session.