NuScale’s 85% Selloff Leaves $2.9 Billion TVA Gamble in Doubt
NuScale Power dropped 7.6% to $8.35 Monday, hitting a 52-week low and finishing 85.5% below its October high when U.S. cash markets closed. The latest slide is drawing attention to one odd part of its Tennessee Valley Authority deal: under the deal’s current terms, a firm commitment for all 72 planned reactor modules would mean ENTRA1 Energy gets a second payment, around $1.18 billion.