NuScale Power (SMR) Shares Surge 15.14% on US Nuclear Industry Review
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Yahoo Finance
- Significant Stock Surge: NuScale Power's shares jumped 15.14% on Monday, closing at $18.78, reflecting investor optimism stemming from the House of Representatives' review of the US nuclear industry, indicating strong market expectations for a nuclear revival.
- Policy Support: The House Energy subcommittee announced it would hold hearings to discuss the current state of the nuclear industry, aimed at facilitating licensing and deployment, aligning with President Trump's agenda to bolster the nuclear sector, which is expected to drive industry growth to meet rising energy demands.
- Board Members Increase Holdings: Board members Alan Boeckmann and Kent Kresa acquired additional shares on December 31, purchasing 2,607 and 3,702 shares respectively at $14.17 each, demonstrating executive confidence in the company's future prospects.
- Optimistic Market Outlook: With the rapid expansion of the artificial intelligence sector, the anticipated surge in US power demand positions nuclear energy as a critical solution, further enhancing investor interest in NuScale Power and its growth potential.
Analyst Views on SMR
Wall Street analysts forecast SMR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMR is 36.55 USD with a low forecast of 20.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
4 Buy
5 Hold
3 Sell
Hold
Current: 19.570
Low
20.00
Averages
36.55
High
60.00
Current: 19.570
Low
20.00
Averages
36.55
High
60.00
About SMR
NuScale Power Corporation is a provider of proprietary advanced small modular reactor nuclear technology. The NuScale Power Module, the Company's SMR technology, is a small pressurized water reactor that can generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross) and can be scaled to meet customer needs through an array of flexible configurations of up to 924 MWe (12 modules) of output. In addition to the sale of NPMs, it offers a diversified suite of services throughout the development and operating life of the power plant. The Company's suite of services is planned to include licensing support, testing, training, fuel supply services and program management, among others. It serves a range of customers consisting of governments, political subdivisions, state-owned enterprises, investor-owned utilities and other technology and industrial companies, both in domestic and international markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
