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 ...

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 ...

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 ...

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 ...