Why NuScale Power Stock Jumped 33% in January
Shares of NuScale Power (NYSE: SMR) continue to stun investors. After an astounding run-up in 2024, the nuclear energy stock jumped another 33% in January, according to data provided by S&P Global Market Intelligence, and is up 41% year to date as of this writing.
Donald Trump's second term in the White House may have sent waves of panic through clean energy companies, but investors in nuclear energy are happy to have him back as the president. NuScale Power stock in particular has been on fire given the company's expertise in small modular reactors (SMRs) -- which even the International Energy Agency (IEA) has now acknowledged.
The IEA released a report in January highlighting nuclear energy's role in addressing climate change and energy security concerns. The IEA projects global nuclear energy generation to hit an all-time high in 2025 and expects SMR technology to be a major growth catalyst in the long run. It even expects the first commercial SMR project to start operation by 2030.
Source Fool.com
