{"id":40758,"date":"2025-08-02T02:00:13","date_gmt":"2025-08-02T02:00:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/40758\/"},"modified":"2025-08-02T02:00:13","modified_gmt":"2025-08-02T02:00:13","slug":"why-nuscale-power-stock-crashed-today","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/40758\/","title":{"rendered":"Why NuScale Power Stock Crashed Today"},"content":{"rendered":"

Key Points<\/p>\n

Fluor announced it will convert 15 million of its Class B shares in NuScale into Class A shares.<\/p>\n

Once this happens, Fluor will be able to begin selling the Class A shares on the stock market.<\/p>\n

Investors expect this is precisely what Fluor intends.<\/p>\n

Shares of NuScale Power (NYSE: SMR), the nuclear reactor-builder<\/a>, tumbled 11.7% through 11:50 a.m. ET Friday — not for any fault of its own, mind you.<\/p>\n

Instead, you can blame it all on Fluor(NYSE: FLR), which has decided to unload a big chunk of the NuScale shares it owns.<\/p>\n

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\"Glowing<\/p>\n

Image source: Getty Images.<\/p>\n

Fluor selling out?<\/p>\n

Fluor reported poor earnings this morning, you see — with sales down 6% year over year and adjusted profit cut nearly in half. More importantly to NuScale investors, though, is the fact that Fluor wants to convert 15 million of the Class B NuScale shares it owns to Class A shares… and then sell them.<\/p>\n

And why?<\/p>\n

As Fluor pointed out, gains in the value of its NuScale shares contributed $3.2 billion in “pre-tax mark-to-market gains” on its profit in Q2 — but the roller-coaster ride that is NuScale is also contributing to “volatility” in Fluor’s results, and forcing Fluor management to make “recurring fair value measurements” as it tracks NuScale’s ups and downs.<\/p>\n

Is it time to sell NuScale stock?<\/p>\n

To fix this, Fluor said in its post-earnings conference call<\/a>, the company will later this month convert 15 million NuScale Class B shares into Class A shares. The implication is that Fluor might then sell these A shares for cash. More than just simplifying accounting, this would return value to shareholders, says Fluor, by letting them cash in on NuScale’s remarkable high-flying stock.<\/p>\n

It would also, however, threaten to flood the market with cheap NuScale shares, depressing the share price. This, in a nutshell, is what’s worrying investors today. This is the reason they’re selling off NuScale stock.<\/p>\n

With NuScale stock up fivefold over the past year, and this new risk on the horizon, it looks like a good time to sell<\/a>.<\/p>\n

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Rich Smith<\/a> has no position in any of the stocks mentioned. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy<\/a>.<\/p>\n

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