NuScale Power (NYSE: SMR) shares are down 32% year to date, trading near $9.61 after a modest 5% single-session bounce off last week’s lows. Dilution has added further pressure, with the weighted-average diluted share count expanding to 364.5 million from 133.4 million a year earlier, following roughly $984.48 million in net equity proceeds raised during the first half. Fuel and uranium names have fared comparatively better, with Centrus Energy (NYSE: LEU) down 24% year to date and Uranium Energy (NYSE: UEC) off just 2% over the same period.