Jim Cramer Notes That NuScale Power is "Losing Fortunes"

NuScale Power Corporation (NYSE:SMR) is one of the stocks Jim Cramer recently discussed. Cramer highlighted the stock’s decline over time, as he remarked:

“NuScale Power, which is trying to build small-scale nuclear reactors. Like the other nuclear plays, this company’s losing fortunes. Its stock, which at one time was at $57, is now at $17 and change, down just 3% for the year. I hope we can stay at that level, but it might not because, well, it’s got a pretty lofty evaluation still.”

NuScale Power Corporation (NYSE:SMR) provides advanced small modular reactor technology centered on its 77-MWe NuScale Power Module. During the December 4 episode, a caller asked whether they should buy more, hold, or sell the stock. The Mad Money host responded:

“The only one I want… to buy is GE Vernova because they actually know how to build one of these things. I want you to scale out on the way up… Sell some at $27. Sell some at $30. Get rid of all of it.”

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