NuScale Shares Sink After Q1 Report — Here’s Why

NuScale Power Corp. (NYSE:SMR) posted its first-quarter results after Thursday’s closing bell, missing analyst estimates on the top and bottom lines.

Here’s a look at the details inside the report. 

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NuScale Q1 Details       

NuScale reported quarterly losses of 14 cents per share, which missed the analyst consensus estimate for losses of 13 cents, according to Benzinga Pro data. 

Quarterly revenue of $565,000 missed the Street estimate of $14.67 million by 96.15%.

Research and development expenses increased $3.7 million, …

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