NuScale (SMR) Ends 12.7% Lower Ahead of Earnings Outcome

We recently published 10 Stocks Lead Wall Street Downward Spiral. NuScale Power Corp. (NYSE:SMR) is one of the worst-performing stocks on Tuesday.

NuScale dropped for a second day on Tuesday, losing 12.74 percent to close at $35.63 apiece as investors sold off positions ahead of the results of its earnings performance this week.

According to NuScale Power Corp. (NYSE:SMR), it will release the results of its financial and operating highlights for the third quarter of the year after market close on Thursday, November 6.

In recent news, NuScale Power Corp. (NYSE:SMR) pledged support to its exclusive global strategic partner, ENTRA1 Energy, after the latter secured $25 billion worth of new deals under the newly signed $550 billion US-Japan Framework Agreement.

As part of the initiative, ENTRA1 Energy will develop a fleet of power plants utilizing baseload energy sources. The program will serve fast-growing energy demand from AI data centers, manufacturing, and national defense, while creating thousands of high-quality American jobs and reinforcing U.S. energy independence.

“We are proud to support ENTRA1 Energy as they take part in this historic agreement between the United States and Japan,” said NuScale Power Corp. (NYSE:SMR) President and CEO John Hopkins.

“This collaboration underscores the central role of advanced nuclear in powering our economy, strengthening alliances and providing the reliable energy needed for AI, manufacturing and critical infrastructure,” he said.

While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.