Why Did NuScale Power Stock Sink 18.8% This Week?

Shares of NuScale (NYSE: SMR) fell this week, finishing down 18.8%. The drop comes as the S&P 500 and the Nasdaq-100 lost 0.3% and 0.5%, respectively.The nuclear energy company and developer of small modular reactors (SMRs) is seeing its shares pressured by major selling from one of its largest shareholders.Engineering and construction company Fluor was an early investor in NuScale and is one of its largest shareholders. The two companies entered an agreement last month in which a significant portion of Fluor's Class B shares was converted into Class A shares, NuScale's common stock. The agreement included a 30-day lock-up, initially preventing Flour from selling its newly converted shares, but near the end of last week, Flour sold nearly $100 million worth after the deadline passed.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool