10 Firms Mirror Wall Street Decline

5. Nuscale Power Corp. (NYSE:SMR)

Shares of Nuscale dropped by 8.24 percent or $1.95 on Tuesday to finish at $21.72 apiece as investors took profits following Monday’s gains.

In other news, Nuscale alongside its peers is set to benefit from the Department of Treasury and Internal Revenue Service’s revised rules for hydrogen production tax credits that aim to address several key issues to help grow the industry and move projects forward.

The policy revision is particularly timely as it aligns with the broader push towards sustainable energy solutions, where nuclear power, especially through SMRs, plays a crucial role due to its potential for lower emissions and scalable deployment.

The final rules clarify how producers of hydrogen, including those using electricity from various sources, natural gas with carbon capture, renewable natural gas (RNG), and coal mine methane can determine eligibility for the credit.