NuScale (SMR) Drops by Double Digits on Analyst Downgrade

We recently published Bloodbath on the Street: These 10 Stocks Crashed Hard. NuScale Power Corporation (NYSE:SMR) is one of the worst-performing stocks on Wednesday.

NuScale Power dived by 10.59 percent on Wednesday to end at $38.66 apiece as investor sentiment was dampened by an investment company’s downgrade of its stock to “neutral” from “buy.”

In its market note, BTIG said its revision was based on NuScale Power Corporation’s (NYSE:SMR) limited visibility into orderbook growth, coupled with a stretched valuation following a sharp rally in its share price.

Year-to-date, NuScale Power Corporation (NYSE:SMR) already saw a 118.29-percent increase in its share prices, while the past year alone saw a 252.42-percent rally in its stock.

In recent news, NuScale Power Corporation (NYSE:SMR) joined forces with Paragon Energy Solutions to support the expansion of the nuclear industry.

Under the signed strategic agreement, Paragon Energy will supply NuScale Power Corporation (NYSE:SMR) with its CoreVision Neutron Monitoring System technology and its Highly Integrated Protection System (HIPS), which will then be incorporated into ENTRA1 Energy PlantsTM utilizing NuScale SMR technology.

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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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