SMR - Why NuScale Power Stock Heated Up Today
2024-06-17 14:00:03 ET
Shares of NuScale Power (NYSE: SMR) inched 2% higher through noon ET after a weekend of positive news got investors excited about nuclear energy stocks again.
As NuScale never ceases to remind investors, it's "the first and only [small modular reactor company] to have its design certified by the U.S. Nuclear Regulatory Commission," and thus a logical stock for investors in nuclear technologies to gravitate toward.
Bad news first. A new report from the Washington, D.C.-based Information Technology & Innovation Foundation says massive subsidies from China's government have given that country a "10 to 15 year" lead over the U.S. in deploying advanced fourth-generation nuclear power plants.
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Why NuScale Power Stock Heated Up Today