Why NuScale Power Stock Was Moving Higher This Week

Group 1 - NuScale Power's shares increased by over 25% this week, benefiting from a rally in the nuclear sector driven by Meta Platforms' commitment to nuclear power [1][3] - Meta Platforms announced a historic commitment to fund over 6.6 gigawatts of nuclear power for AI data centers, representing nearly 1% of the total current power consumption in the U.S. [3][4] - The partnership involves Vistra Corp, Oklo, and TerraPower, with Oklo focusing on small modular reactors (SMRs), similar to NuScale Power's designs [4] Group 2 - Despite the stock price increase, NuScale Power has never built a nuclear reactor or secured contracts for its SMR technology, raising concerns among investors [6][7] - The company has a market cap of $6 billion but has minimal revenue and has never turned a profit, indicating potential long-term challenges [7] - The absence of NuScale Power in the Meta deal is viewed as bearish for its underlying business prospects [6][7]