Why NuScale Power Stock Soared This Week

Group 1: Company Overview - NuScale Power's stock surged 12.9% this week, reaching a market cap of $11 billion despite having zero revenue, with a 364% increase over the last 12 months [1] - The company is focused on developing small modular nuclear reactors, which have received approval from the Nuclear Regulatory Commission (NRC) [6] Group 2: Industry Sentiment - There has been a significant shift in sentiment towards nuclear power, driven by increasing electricity demand from data centers, artificial intelligence, and electric vehicles [2] - President Trump's executive order aims to enhance nuclear energy capacity in the U.S. and reduce regulatory hurdles, positively impacting stocks in the nuclear sector, including NuScale Power [3] Group 3: Market Activity - Oklo, another nuclear start-up, announced a potential deal to provide nuclear power at an Air Force base in Alaska, which led to a rise in shares for Oklo and other nuclear energy companies, including NuScale Power [4] - Despite the positive market activity, NuScale Power's business remains largely unchanged, with no projects expected to come online until at least 2030 [6] Group 4: Challenges and Concerns - Existing contracts in Utah faced delays and were ultimately canceled due to cost overruns, raising concerns about the viability of NuScale Power's technology [7] - The company is currently not generating revenue and is trading at a high market cap, which may deter long-term investors [7]