Stock Track | NuScale Power Plummets 8.17% Intraday Amid Sector-Wide Selling Pressure and Fluor Stake Exit Overhang

Stock Track
May 08

NuScale Power's stock plummeted 8.17% during intraday trading on Thursday, reflecting significant downward pressure on the shares.

The decline occurred alongside broad selling pressure across the Heavy Electrical Equipment sector, with several major players in the industry experiencing substantial losses during the same session.

A key factor contributing to investor caution is Fluor Corporation's planned full exit of its approximately 39% stake in NuScale. The company is converting roughly 111 million Class B units into approximately 71 million Class A common shares for structured sale by the end of the second quarter. While daily volume restrictions cap sales at 5% of daily trading volume to avoid disruptive selling, the magnitude of this overhang remains a significant concern for market participants.

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