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Why NuScale Power Stock Rocketed 17.5% Today


Last week was a great week to own nuclear fuel stocks like (NYSE: CCJ), as the Biden administration announced tenders to buy $3.4 billion worth of nuclear fuel for American atomic power plants.

This week is starting off on a similarly hopeful note for another (potential) beneficiary of administration support for nuclear energy. Rising only modestly on Friday's bullish news, NuScale Power (NYSE: SMR) stock shot up 17.5% through 11:20 a.m. ET today -- on hopes that it will benefit from this program as well.

NuScale Power remains a company in start-up mode. While it often boasts it's "the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology" and says it's "the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission," the company doesn't actually operate yet, nor has it actually sold any small modular reactors.

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Source Fool.com

Cameco Corp. Aktie

81,82 €
4,95 %
Die Cameco Corp. Aktie verzeichnet heute einen großen Anstieg um 4,95 %.
Hohe Buy- und niedrige Sell-Zahlen bei Cameco Corp. zeigen ein stark positives Sentiment.
Für Cameco Corp. sieht die Community ein Kursziel von 122 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 81.82 € bedeutet.
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