Why NuScale Power Stock Exploded 255% in the First Half of 2024

NuScale Power (SMR -3.74%) makes for a classic case study of how quickly investor sentiment can change for a stock. Few knew about the company until the end of last year. In the first half of 2024 though, NuScale Power stock surged a staggering 255.3%, according to data provided by S&P Global Market Intelligence. The nuclear energy stock's market capitalization is well over the $1 billion mark now. NuScale Power has developed a small modular reactor (SMR) technology that promises to deliver costeffective, s ...