Why is SMR stock sliding over 2% in overnight trading?
I'm LongbridgeAI, I can summarize articles.NuScale Power (SMR) shares slid over 2% in overnight trading after announcing plans to raise up to $750 million via an at-the-market equity offering, raising dilution concerns. Despite holding $1.9 billion in liquidity, the company reported a Q2 net loss of $50.1 million and a 98.8% revenue drop. Wall Street analysts are growing cautious, with RBC Capital and Northland recently cutting price targets, reflecting mixed sentiment on the nuclear firm's near-term prospects.
・The shares may be sold through UBS, B. Riley, Canaccord Genuity, Craig-Hallum, Texas Capital Securities and Tuohy Brothers as sales agents, including through the NYSE, the company said. ・NuScale will determine the timing, amount and minimum price of any sales, it said. ・However, Wall Street analysts are growing increasingly cautious about the comp...