Core Viewpoint - NuScale Power's stock surged despite negative news regarding a technical fault at a traditional nuclear power plant, indicating potential irrational investor behavior in the nuclear sector [1][4]. Group 1: Company Overview - NuScale Power is a start-up manufacturer of small modular nuclear power reactors, currently the only SMR stock generating revenue in this sector [5]. - The company's stock price increased by 12.9% to $1.98, reflecting investor enthusiasm rather than a rational assessment of risks [4][5]. Group 2: Market Reaction - The incident at the Olkiluoto Nuclear Power Plant, which involved a temporary shutdown of one reactor unit, was reported to be due to a software update and did not compromise safety [3]. - Despite the negative news for traditional nuclear reactors, investors may perceive it as a positive sign for SMR adoption, although this reaction could be seen as overly optimistic [3][5]. Group 3: Financial Outlook - NuScale is not expected to achieve profitability before 2030, raising concerns about the sustainability of its stock price in the absence of profits or free cash flow [5]. - The company's market capitalization stands at $4.0 billion, with a gross margin of 64.95%, but the stock's rise may not reflect a sound investment strategy [5][6].

Core Points - Santee Cooper has selected Brookfield Asset Management to proceed with the construction of two partially built AP1000 nuclear units in Fairfield County, SC, following a thorough review of proposals from global nuclear power leaders [1][3] - A letter of intent has been signed, initiating a six-week feasibility period to select a project manager and evaluate construction providers, as well as to engage in discussions with potential buyers of the generated nuclear power [2][4] - The completion of the two nuclear units is expected to provide 2,200 MW of carbon-free, reliable power, create thousands of temporary construction jobs, and strengthen South Carolina's energy portfolio [3][5][9] Company and Industry Summary - Santee Cooper aims to complete the reactors using private funding, avoiding costs to ratepayers or taxpayers, while enhancing energy security for South Carolina [3] - The strategic decision to maintain the equipment over the past eight years positions the Fairfield units for a quicker and less costly completion, leveraging the same Westinghouse AP1000 technology currently in operation [3] - The competitive bidding process launched in January 2025 attracted over 70 potential bidders and 15 formal proposals, indicating strong interest in the project [4] - The involvement of Westinghouse Electric Co. is crucial for resuming construction, as Brookfield is a majority owner of Westinghouse, adding credibility to their proposal [3]