Can the nuclear energy stock's explosive rally continue?
NuScale Power SMR is an industrial company that is still early on but whose share price has skyrocketed in 2024. Shares are up nearly 270% this year, yet the company generated just $1 million in revenue last quarter.
NuScale Power NYSE: SMR is an industrial company that is still early on but whose share price has skyrocketed in 2024. Shares are up nearly 270% this year, yet the company generated just $1 million in revenue last quarter.
NuScale Power's small modular reactor could provide cost-effective, scalable nuclear energy. Last year, a Utah entity terminated an agreement due to delays and cost overruns.
Good news for nuclear power investors: Britain just named four finalists to build its first small modular reactor. Bad news for NuScale Power investors: Their stock just got dropped from the competition.
NuScale Power saw its shares rise by up to 12.3% due to increased optimism in the nuclear energy sector. Major players like Microsoft, Constellation Energy, and Oracle are advocating for nuclear energy, linking it to future technologies like AI.
NuScale Power (SMR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Because nuclear power can be dangerous when things go drastically wrong, it is heavily regulated. NuScale Power likes to tell investors that it is the only company to have a nuclear plan that is "certified by the U.S. Nuclear Regulatory Commission.
NuScale Power is looking to build small-scale modular nuclear power plants. These could first be made in a factory and then delivered to where they are needed.
NuScale Power's small modular reactor could provide customers with cost-effective, scalable nuclear energy. Last year, the Utah Associated Municipal Power System terminated its agreement with NuScale after cost overruns.
CLSA initiated coverage of NuScale Power Corporation this morning with an outperform rating. NuScale builds small modular nuclear reactors and is a subsidiary of Fluor Corporation.
Although SMR shares have dipped in the past month, a modest top-line growth prospect and stretched valuation should keep investors on the sidelines.