https://www.msn.com/en-us/money/companies/nuscale-power-plunges-after-report-says-under-sec-investigation/ar-BB1qPeqP?ocid=BingNewsVerp

NuScale Power plunges after report says under SEC investigation (update)

Update 1:45pm: Adds NuScale reponse, updates shares. 

NuScale Power (NYSE:SMR) -19.1%  to its lowest level in more than a month after a Hunterbrook Capital published a critical report on the company, saying the Securities and Exchange Commission's Division of Enforcement is conducting an "active and ongoing" investigation into the company.

The SEC cautioned that its decision "should not be construed as an indication by the Commission or its staff that any violations of law have occurred." 

"Hunterbrook is a known short-seller that has a vested interest in sensationalizing information to manipulate the stock market," NuScale said in a statement emailed to Seeking Alpha.  "We are unaware of any SEC investigation into NuScale or any reason for such an investigation."

NuScale Power (SMR), which has positioned itself as a pioneer in small modular reactor technology, has seen its market capitalization more than triple over the past six months to $2B-plus.

Approval of NuScale's (SMR) reactor by the Nuclear Regulatory Commission is crucial for the company, given that NuScale has indicated it does not anticipate commercializing an earlier, 50 MW version of its reactor that was the first small modular reactor to be certified by the NRC.