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Between Price Target Cuts and Poor Market Sentiment, NuScale Power Stock is Having a Rough Week. Does the Dip Represent a Buying Opportunity?

Between Price Target Cuts and Poor Market Sentiment, NuScale Power Stock is Having a Rough Week. Does the Dip Represent a Buying Opportunity?

It’s been a brutal few weeks for NuScale Power (SMR 4.02%) stock. This week was no different, with the nuclear energy stock shedding another 9% to cap off a 33% decline in just about five weeks, as of this writing.

This week’s drop, however, wasn’t just another bout of market fatigue. NuScale Power is reeling under a brutal triad of poor numbers, multiple analyst downgrades, and cascading class action lawsuits, all in March.

Here’s all you need to know.

A worried person grasping his head in despair while sitting in front of a laptop displaying a falling stock price chart.

Image source: Getty Images.

Why are analysts turning sour on NuScale stock?

The optimism that fueled NuScale’s rally earlier this year seems to have already evaporated, with several analysts slashing their price targets on the stock this week. Notable ones include:

  • Citigroup: cuts…

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