SMR - Excited About NuScale Power Stock? Meet the Huge Partner Giving It 74% of Its Revenue.
2024-07-05 03:40:00 ET
NuScale Power (NYSE: SMR) is working on an exciting concept to provide the world with safe carbon-free energy. But NuScale's efforts and actions are being heavily influenced by another company, Fluor (NYSE: FLR) .
Here's what you need to know about the relationship between NuScale and Fluor before you buy stock in the nuclear power start-up.
NuSale's big idea is to mass-produce small modular nuclear power plants. The hope is that doing so will keep costs low, increase the safety of nuclear power, and allow the units to be used more easily in more locations. Adding to the allure, multiple units can be modularly assembled to create a single large nuclear power plant, if desired. It is a very interesting concept.
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Excited About NuScale Power Stock? Meet the Huge Partner Giving It 74% of Its Revenue.