NuScale Power (SMR) saw its stock plummet by 5.08% in pre-market trading on Monday, as investors reacted to a series of analyst downgrades and concerning company news. The nuclear reactor maker is facing headwinds following a disappointing third-quarter earnings report and the announcement of a significant stock sale agreement.

RBC Capital has lowered its price target for NuScale Power from $35 to $32, while maintaining a Hold rating. This follows a similar move by other analysts, with Barclays also sticking to its Hold rating, albeit with a higher price target of $45. The overall analyst consensus for NuScale Power remains at "hold," with a mean price target of $41.27, according to FactSet data.

The sharp decline in NuScale Power's stock price comes as investors reassess the company's near-term growth prospects and potential dilution of existing shares due to the announced stock sale agreement. The disappointing third-quarter earnings report has further fueled concerns about the company's financial performance. These factors have contributed to increased bearish sentiment in the options market, with put options accounting for 54% of the unusually high options volume observed recently.