NuScale Power Issues Comments On Short Seller Report

(RTTNews) - Responding to a short-seller report on October 19, 2023, NuScale Power Corp. (SMR) said Tuesday that the inaccurate and deceptive "research" is riddled with speculative statements with no basis in fact and demonstrates a limited understanding of small modular nuclear reactors or SMRs and the nuclear power industry.

According to the company, factually inaccurate statements include and are not limited to the company's former Chief Financial Officer's equity holdings and NuScale's sources of income, which are principally revenues from customers.

NuScale cautioned investors not to rely on this baseless and self-interested attack designed solely to drive down the company's stock price.