Why NuScale Power Stock Soared 93% Last Month
Last month, shares of NuScale Power (NYSE: SMR) shot up more than 93%, according to data from S&P Global Market Intelligence. The designer of small modular nuclear reactors (SMRs for short) won approval for one of its designs and is benefiting from the narrative around a nuclear renaissance in the United States.
It currently has a market cap of $9 billion, zero revenue, and a share price that is up 347% in the past year.
Here's why the stock rocketed higher yet again in the month of May.
Source Fool.com
