NuScale Power's technology could make nuclear power widely available for companies and countries looking to reduce their carbon footprints. Companies and governments are striving to meet net zero carbon goals by 2050, and banks have realized that nuclear power will be an important part of these goals. On Sept. 23, several major financial institutions expressed their desire to triple nuclear energy capacity globally by 2050. The declaration came during discussions at Climate Week in New York and has the back ...

Group 1 - NuScale Power's shares declined by 3.2% following the British government's decision to exclude the company from the list of competitors for small modular nuclear reactors (SMRs) in the U.K. [1] - The initial list of companies competing for the U.K. SMR program included six firms, but was narrowed down to four, excluding NuScale and EDF from France [2] - The remaining companies in the competition are GE Hitachi Nuclear Energy, Rolls-Royce SMR, Holtec, and Westinghouse, with plans to further reduce the list to two or three for co-funding contracts [2] Group 2 - The exclusion of NuScale from the U.K. program is viewed negatively, as it may influence U.S. regulators' perceptions of the company's technology [4] - The remaining competitors, Rolls-Royce and GE, have market capitalizations of $60 billion and $200 billion respectively, indicating that nuclear power will not significantly impact their overall revenue or earnings in the near term [5] - Investors seeking dedicated investments in nuclear power may need to consider alternatives, as the current options do not provide a pure play in the sector [5]

The nuclear energy surge continues. Shares of NuScale Power (SMR 9.73%) surged as much as 12.3% in trading on Tuesday as the market continues to push nuclear energy stocks higher. Shares gave back some of those gains late in the day, but were still up 7.4% at 3:30 p.m. ET. The nuclear boom continues Over the past few weeks, tech and energy companies have come together to provide a bullish view on the future of nuclear energy. Microsoft and Constellation Energy announced the restart of a reactor on Three Mil ...

NuScale Power Corporation (SMR) shares rallied 11.3% in the last trading session to close at $10.70. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.7% gain over the past four weeks. NuScale is benefiting from increasing electricity demand and strong bipartisan support for advanced nuclear energy solutions, positioning itself as a key player in the transition to decarbonized baseload power. This company is ...

NuScale is working its way toward selling small-scale modular-nuclear reactors one step at a time. NuScale Power (SMR 11.34%) is looking to mass produce small-scale modular-nuclear reactors. It would be a major step forward for nuclear power to have such a product. But building any nuclear power plant, large or small, is a complex task and highly regulated by the government. NuScale's next big hurdle on the way to the finish line will come in mid-2025. NuScale Power operates in a difficult industry The name ...

NuScale Power's technology has the potential to make nuclear power more affordable and flexible, but there are some things you'll want to consider before buying it today. Energy demand is set to explode over the next few decades, driven by growing populations, developing emerging market economies, and the widespread integration of artificial intelligence. In response to carbon reduction goals, companies are undertaking intriguing projects to address the escalating energy demand. Small modular reactors (SMRs ...

NuScale stock might earn a profit in 2028. Can you wait that long? Shares of NuScale Power Corporation (SMR 11.53%) surged 8% through 10:20 a.m. ET Friday after investment bank CLSA initiated coverage of the stock with an "outperform" (i.e., buy) rating and an $11 price target on the $9 stock. If CLSA's right about that, NuScale investors stand to earn 18% profits over the next year -- on top of today's gain. What CLSA said about SMR And yet, if CLSA is optimistic about NuScale stock, it has a funny way of ...

NuScale Power (SMR) shares have plunged 20.3% in the past month, underperforming the Zacks Computer & Technology sector's growth of 0.3% and the Zacks Electronics- Power Generation industry's fall of 5.7%. The underperformance in SMR shares can be attributed to modest top-line growth expectations in 2024. It reported unimpressive second-quarter 2024 results, with revenues of $1 million and a loss of $74.4 million. This was lower than the year-ago quarter's revenues of $5.8 million and widened from a net los ...

NuScale stock needs cash for fuel. Shares of NuScale Power (SMR 6.89%) tumbled more than 8% in early trading Friday after missing badly on both sales and earnings in its second-quarter financial update last night -- that's the bad news. The good news for investors in NuScale is that as the morning wears on, NuScale stock has turned around and is already back in the green, and up 4.4% as of 10:20 a.m. ET. NuScale's Q2 earnings Low expectations may lie behind the turnaround. Heading into earnings, analysts on ...

NuScale Power Corporation (SMR) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -138.46%. A quarter ago, it was expected that this company would post a loss of $0.21 per share when it actually produced a loss of $0.21, delivering no surprise. Over the last four quarters, the company has not ...