2024-07-29 13:32:04 ET
The U.S. government's growing interest in nuclear power has contributed significantly to the rise in upstart nuclear power stock NuScale Power (NYSE: SMR) lately. But it's another arm of the government, the Securities and Exchange Commission (SEC), that is energizing the bears today thanks to news that the agency that regulates U.S. securities is currently investigating NuScale Power.
As of 10:44 a.m. ET, shares of NuScale Power have plunged 16.9%.
Investors are learning of the story today after Hunterbrook Media broke news of the SEC's investigation this morning. In response to Hunterbrook Media's July 24 records request under the Freedom of Information Act request, the SEC informed the media outlet that it had "confirmed with Division of Enforcement staff that the investigation from which you seek records is still active and ongoing."
For further details see:
Why NuScale Power Stock Is Crashing Today