Vchal/iStock via Getty Images
NuScale Power (New York Stock Exchange: SMR) +7.1% in trading Tuesday after finally issuing a response to last week’s brief Iceberg Research report, which the company called “inaccurate and misleading.”
NuScale (SMR) said the Iceberg report is “riddled with speculative statements with no real basis.” and demonstrates a limited understanding of small modular nuclear reactors and the nuclear power industry,” adding that the inaccurate statements include, but are not limited to, the former CFO’s shareholdings and the company’s revenue streams, which are mostly They are customer income.
“Not only do we have a strong, debt-free balance sheet and a talented, dedicated team, but we are years ahead of global competition as the only technology supplier and producer (small modular reactor) with U.S. and US regulatory approval. ready for commercial deployment,” said President and CEO John Hopkins.
NuScale (SMR) shares had plunged nearly a third since the negative report was released on October 19.
