Is NuScale Power Stock a Buy?
NuScale Power (NYSE: SMR) is thinking big by thinking small, which is why it has attracted the attention of Wall Street. As a result of that attention, the stock is up well over 150% over the past year. That's a lot of growth over a relatively short time, which raises question about how much more growth is likely.
If you are a more aggressive investor, there are some very good reasons to like the company's future prospects. Here's why you still might want to buy NuScale Power today.
Right now NuScale Power doesn't actually have a product to sell. It just has a big idea, which is to make small-scale modular nuclear power plants. It is in the process of trying to get its plant plans approved, which is no easy task. Because nuclear meltdowns, though quite rare, can have very material and long-lasting impacts, regulations are ponderous in the nuclear power sector. NuScale's next regulatory hurdle will come in mid-2025.
Source Fool.com
