Amazon's NASDAQ: AMZN latest foray into nuclear energy shows the technology has reached a critical mass. Long known to be a critical component of carbon reduction goals, costs, time constraints, and safety were barriers. Today's difference is Small Modular Reactor technology, which is about to blossom. The name says it all: SMR focuses on smaller, modular reactors that are more accessible, more costefficient to build, and scalable, a win-win for today's big tech companies. Companies like NuScale Power Compa ...

Amazon is making waves in the nuclear energy sector. Shares of NuScale Power (SMR 32.93%), a nuclear energy company that makes small modular reactors (SMRs), were soaring Wednesday on reports that Amazon (AMZN -0.85%) is interested in using that type of reactor to meet the energy needs of its data centers. NuScale surge also seemed to be getting enhanced by a short squeeze, as a significant percentage of the company's stock is sold short. Potentially positive news like this tends to lead to shorts rushing t ...

SMR development could play a pivotal role in an 'all-of-the-above' energy solution to meet robust electricity demand growth Agreement will explore innovative commercial and financing structures to advance a potential project Dominion Energy committed to the credit and risk profile objectives of the recently concluded business review RICHMOND, Va., Oct. 16, 2024 /PRNewswire/ -- Dominion Energy Virginia and Amazon have entered into a Memorandum of Understanding (MOU) to explore innovative new development stru ...

Interest in nuclear power solutions is growing from a particularly well-capitalized sector. Some exciting news from a peer company breathed life into shares of NuScale Power (SMR 6.09%) on the first business day of the week. Investors piled into NuScale stock, sending it more than 6% higher in price across the trading session. By comparison, the benchmark S&P 500 index only managed to rise 0.8% that day. Google gets into the nuclear game with Kairos Power Said news came from privately held Kairos Power, whi ...

NuScale Power's technology could make nuclear power widely available for companies, but it will be some time before it achieves commercial operations. Interest in nuclear power is picking up. Last month, 14 of the world's banks and financial institutions pledged their support to increase nuclear energy capacity to reach net-zero emissions targets. The pledge comes after more than 20 countries endorsed the Declaration to Triple Nuclear Energy, launched at a summit last year, with the goal of more than tripli ...

One of the company's designs inched closer to realization. Next-generation nuclear power plant developer NuScale Power (SMR 1.44%) delivered some good news to investors on the second-to-last trading day of the week. On the back of this, bullish players pushed the company's stock up by 1.4% on the day, providing an encouraging contrast to the 0.2% slump of the S&P 500 index. Romanian project advances In a regulatory document filed with the U.S. Securities and Exchange Commission (SEC), NuScale reported that ...

SINGAPORE, Oct. 10, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) ("SAIHEAT" or the "Company") (NASDAQ: SAIH, SAITW), announces the signing of two Memorandum of Understanding ("MoUs") concerning HEATNUC products. These MoUs aim to promote cooperation in the Middle Eastern and international small modular reactor sectors while also gaining broader corporate management experience. The MoUs are intended to enhance SAIHEAT's competitiveness in the Middle Eastern and global markets, ...

NuScale Power Corp's (SMR, Financial) stock price currently stands at $12.61, witnessing a slight decline of 1.94% today. Despite this drop, the company's stock has seen an impressive growth trajectory throughout 2024, largely driven by growing interest in nuclear energy alternatives. NuScale Power specializes in small modular nuclear reactors (SMR, Financial) and is strategically positioned to capitalize on the global push to triple nuclear energy capacity by 2050. The company's recent agreements, such as ...

Can the nuclear energy stock's explosive rally continue? NuScale Power's (SMR -1.59%) stock has been on a bit of a roller coaster in 2024, hitting an all-time high of $16.91 in mid-July but then falling somewhat going into the fall. NuScale's stock rebounded dramatically in September, surging 40.7% in the month, according to data provided by S&P Global Market Intelligence. The nuclear energy stock is now up more than 284% in 2024, as of this writing. NuScale Power is a young start-up developing small and sc ...

NuScale Power NYSE: SMR is an industrial company that is still early on but whose share price has skyrocketed in 2024. Shares are up nearly 270% this year, yet the company generated just $1 million in revenue last quarter. I'll dive into what NuScale does and what I ultimately think about the stock. SMR Get NuScale Power alerts: NuScale: A First Mover in Small Modular Reactors NuScale Power Today NuScale Power $12.40 +0.52 (+4.38%) 52-Week Range $1.81 ▼ $16.91 Price Target $9.68 Add to Watchlist NuScale is ...