SMR - NuScale Power Stock: Buy Sell or Hold?
2024-05-30 05:14:00 ET
NuScale Power (NYSE: SMR) announced a big deal in October 2023. It was the first order for its small-scale nuclear power plants. A total of 24 units are expected to be used to produce nearly 2 gigawatts of power in Ohio and Pennsylvania. That's great, but don't get too excited.
There are still some very big risks to consider when making the buy, sell, or hold decision on this energy stock.
The story behind NuScale Power is really, really big-picture. The world is trying to shift away from carbon-based energy sources like coal and natural gas. Although the main push right now is in solar and wind , they are intermittent power sources. There is a need for power that can always be counted on, which is known as baseload power. Nuclear can provide that because the units are always working. And, better yet, nuclear power doesn't produce carbon dioxide, so it's just as clean as solar and wind from that standpoint.
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NuScale Power Stock: Buy, Sell, or Hold?