NuScale Power saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 87 to 93.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near an ideal buying range right now, see if it goes on to form and break out of a proper consolidation.
NuScale Power posted 0% earnings growth in its most recent report. Sales rose 650%. The next quarterly results are expected on or around May 7.
The company earns the No. 11 rank among its peers in the Energy-Alternative/Other industry group. Kenon Holdings, Clearway Energy Cl C and Enlight Renewable Energy are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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