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 ...

NuScale's potential growth just got smaller by exactly one country. Shares of NuScale Power (SMR -0.08%) slipped 3.2% through 11 a.m. ET Thursday on some disconcerting news out of Great Britain. According to World Nuclear News (WNN), the British government just narrowed the list of companies competing to begin building small modular nuclear reactors (SMRs) in the U.K. to four names. NuScale isn't one of them. SMRs in the U.K. According to WNN, the list of companies competing for this program initially numbe ...

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 is looking to build the next generation of nuclear power plants. It has achieved a lot so far, but there's still a lot to do. NuScale Power (SMR 12.17%) is at the leading edge of the nuclear power sector. It is doing great things and making important progress toward its goal of mass-producing small-scale modular nuclear reactors. In a world increasingly looking toward carbon-free energy sources, it is positioning itself well for a bright future. But it won't be a good fit for every investor. H ...

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ ______________________ FORM 10-Q ______________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ____________ Commission file number 001-04321 NUSCALE POWER CORPORATION ( ...