Why NuScale Power Stock Exploded 27% Higher Today
NuScale Power (NYSE: SMR) stock went thermonuclear on Monday, soaring on the back of a price target hike from analysts at Canaccord Genuity, and adding to gains since the company reported earnings on Thursday.
As of 11 a.m. ET, NuScale stock is up 26.9%.
Canaccord nearly doubled its price target on NuScale stock today, to $8 per share, citing rising demand for electricity in the United States, a bigger opportunity for nuclear energy to power that growth -- and explaining that demand for electricity to power artificial intelligence (AI) is behind it all.
Source Fool.com
Canaccord Financial Inc. Aktie
5,55 €
-0,89 %
