NuScale Power (SMR) Stock Surges 14.9% on Nuclear Energy Focus by U.S. House
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Fool
- Stock Surge: NuScale Power's shares rose 14.9% on Monday to $18.67, reflecting strong market optimism regarding the U.S. House's renewed focus on nuclear energy, which enhances investor confidence in small modular reactors (SMRs).
- Policy Support: The House Energy Subcommittee is set to hold a hearing aimed at reducing regulatory hurdles for nuclear plant deployment and advancing executive orders from President Trump, which are expected to accelerate the rollout of SMRs.
- Future Outlook: Trump's plan anticipates three experimental nuclear reactors operational by July 2026 and multiple SMRs deployed by the end of 2027, potentially opening significant market opportunities for NuScale Power, although analysts generally believe profitability won't be achieved before 2030.
- Market Reaction: Despite analysts' cautious views on NuScale's profitability, the optimistic sentiment surrounding accelerated nuclear deployment has driven stock prices higher, indicating a potential shift in the company's long-term strategic direction as investor confidence grows.
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: 18.780
Low
20.00
Averages
36.55
High
60.00
Current: 18.780
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.
