You probably already know that nuclear power has been proposed as a quick, environmentally friendly solution to the world's energy shortage stemming from the rise of power-hungry AI data centers. You may also know NuScale Power (SMR -0.20%) is one of the few outfits that are nearly ready to deliver a solution sooner than later.
We are in the midst of a nuclear energy renaissance. Technology players across the board are making commitments to restart nuclear power plants or pay for electricity from upcoming facilities.
NuScale Power Corporation (SMR -4.40%) stock fell 3% through 11:25 a.m. ET -- and it has General Electric to blame for it.
NuScale Power (SMR 5.67%) has taken its investors on a wild ride since its public debut. The producer of small modular reactors (SMRs) went public by merging with a special purpose acquisition company (SPAC) on May 3, 2022, and its stock started trading at $10.70 per share.
NuScale Power (SMR -7.12%) is at the exciting forefront of the nuclear power industry. The entire sector is seeing a resurgence of interest as power demand continues to grow and the need for "base load power supply" (a minimum level of electricity consistently needed on a power grid) increases.
Why NuScale Power Stock Jumped 28% to an All-Time High This Week
Why NuScale Power Stock Jumped to a 52-Week High Today
Why NuScale Power Stock Popped and Then Dropped Today
The nuclear stock rose following its earnings report.
The red-hot nuclear energy stock has made investors filthy rich this year, but how far can it go?
NuScale Power Corporation (NYSE:SMR ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Scott Kozak – Director-Investor Relations John Hopkins – President and Chief Executive Officer Ramsey Hamady – Chief Financial Officer Clayton Scott – Chief Commercial Officer Conference Call Participants Eric Stine – Craig-Hallum Marc Bianchi – TD Cowen Leanne Hayden – Canaccord Genuity Max Hopkins – CLSA Ryan Pfingst – B. Riley Securities Operator Good afternoon and welcome to NuScale's Third Quarter 2024 Earnings Results Conference Call.