Why NuScale Power Is Skyrocketing Today

Company Overview - NuScale Power's shares increased by 12.7%, reaching a peak gain of 14.5% during the day, influenced by a positive report from the International Energy Agency (IEA) [1] - The company specializes in building small modular reactors (SMRs), which are smaller and more adaptable than traditional nuclear plants, allowing for offsite manufacturing and easier delivery [2] Industry Trends - There is a renewed interest in nuclear power globally, driven by increasing electricity demands, particularly from artificial intelligence (AI) [2] - The IEA report predicts that nuclear power will reach a new record by 2025 as electricity demand accelerates, with over 40 countries planning to expand nuclear's role in their energy systems [2] Financial Performance - NuScale reported a net loss of $45.5 million in the last quarter, indicating that the company is still in its early stages and needs to prove its technology's viability [4] - Despite current losses, the company anticipates increased revenue in the coming year as its technology is ready for near-term deployment to support the growth of AI and other power-intensive technologies [4]