SMR - Forget NuScale Power: 2 Nuclear Power Stocks to Buy Instead
2024-06-23 05:07:00 ET
NuScale Power (NYSE: SMR) is an interesting company if you think nuclear power is going to be a key form of clean energy in the future. There's just one "minor" problem: The company doesn't have a functioning product yet.
If you like the idea of nuclear power, but prefer to own companies that are more developed, then you might want to consider Cameco (NYSE: CCJ) or The Southern Company (NYSE: SO) . Here's what you need to know.
NuScale Power's hope is that it can build small nuclear reactors in a factory at relatively low cost. Those units will be modular and can be joined together in groups of up to 12 to create what would, effectively, be one large nuclear power plant.
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Forget NuScale Power: 2 Nuclear Power Stocks to Buy Instead