Nuclear energy is suddenly hot. Nuscale Power looks like a leader.
Companies are betting big on nuclear energy to power AI.
NuScale Power Corporation is a highly speculative investment, with significant cash burn and a need to raise some funds. NuScale holds $130 million in cash with no debt, just under 5% of its market cap as cash. I see NuScale's advantage in having certified SMR technology, while others are still in development.
Amazon's NASDAQ: AMZN latest foray into nuclear energy shows the technology has reached a critical mass. Long known to be a critical component of carbon reduction goals, costs, time constraints, and safety were barriers.
NuScale Power (SMR) stock price has gone vertical in the past few days, helped by the ongoing nuclear energy recovery. It has risen in the past six consecutive weeks, reaching a record high of $19.32, giving its market valuation to over $3.40 billion.
Amazon is making waves in the nuclear energy sector.
Interest in nuclear power solutions is growing from a particularly well-capitalized sector.
NuScale Power's technology could make nuclear power widely available for companies, but it will be some time before it achieves commercial operations.
One of the company's designs inched closer to realization.
NuScale Power is an exciting company in the nuclear power sector, but there's one small problem: It doesn't have a product to sell yet.
NuScale Power Corp's (SMR, Financial) stock price currently stands at $12.61, witnessing a slight decline of 1.94% today. Despite this drop, the company's stock has seen an impressive growth trajectory throughout 2024, largely driven by growing interest in nuclear energy alternatives.