Where Will NuScale Power Be in 5 Years?
Demand for electricity is soaring, and the U.S. wants nuclear energy to fill this need. By 2050, the government wants nuclear power capacity to grow from 100 gigawatts to 400 gigawatts, which would make up a huge portion of electricity Demand even when including the robust growth from artificial intelligence (AI) data centers.
One company has a new (and approved) nuclear reactor design hoping to disrupt the market: NuScale Power (NYSE: SMR). The company believes it has a small and scalable nuclear reactor design that can be the backbone of the growth in nuclear power over the next few decades. Its stock has soared and is up 300% in the last year, with its market cap now over $10 billion.
Where will NuScale Power stock be in five years?
Source Fool.com
