Why NuScale Power Stock Soared This Week
Shares of NuScale Power (NYSE: SMR) soared again this week, up 12.9% as of market close on Friday, June 13, according to data from S&P Global Market Intelligence. The nuclear energy start-up now has a market cap of $11 billion and zero revenue, with the stock up 364% in the last 12 months. Traders are getting optimistic on this group of stocks because of press releases and executive orders from the President of the United States.
Here's why NuScale Power stock was soaring yet again this week.
Sentiment around nuclear power has taken a 180-degree turn. With rising demand for electricity because of data centers, artificial intelligence (AI), and electric vehicles, companies and utilities are searching for more clean fuels to provide electricity. Nuclear power is a great option for this.
Source Fool.com
