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New Scale Power Company, denoted by the symbol SMR, is currently making strides in the development of small-form nuclear reactors, which could potentially revolutionize the industry. However, it is facing significant financial challenges, marked by losses stemming from weaker sales as it pursues this innovative technology. Despite this troubling financial picture, the stock has seen an astonishing increase of 659% this year, indicating strong market interest and speculative trading. Many analysts remain optimistic, believing that with the eventual acquisition of a major hyperscaler contract, the company’s financials could turn positive. The future remains uncertain, and while the performance has been exceptional in the short term, the long-term viability depends heavily on securing substantial contracts and achieving profitability.
The question was on companies that build small modular reactors. This is a growing space since these can be built in a factory as opposed to large scale site development of nuclear reactors. There are not a lot of companies in this space. Rolls Royce is one of them but it has other divisions as well. The New Scale Power Company is one of the companies dealing specifically with SMR's and it has been approved in the U.S.
New Scale Power Company is a OTC stock, trading under the symbol SMR on the (). It is usually referred to as or SMR
In the last year, 2 stock analysts published opinions about SMR. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for New Scale Power Company.
New Scale Power Company was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for New Scale Power Company.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered New Scale Power Company In the last year. It is a trending stock that is worth watching.
On , New Scale Power Company (SMR) stock closed at a price of $.
It's made promising advances in small-form reactors, but loses money on weaker sales.