Core Insights - NuScale Power Corporation (NYSE:SMR) reached an all-time high on Wednesday, driven by investor interest following the US Army's launch of the Janus Program for small modular reactors [1][3]. Stock Performance - During the trading session, NuScale Power's stock peaked at $56.16 before closing at $53.43, reflecting a 16.68% increase [2]. Government Initiatives - The US Army's Janus Program supports the development of nuclear reactors, aligning with President Trump's executive order from May, which may lead to opportunities for NuScale Power [3][4]. - The Department of Defense has a deadline to have a reactor operational by September 30, 2028 [4]. Investment Context - Investors are also showing interest in NuScale Power and other nuclear technology stocks, linked to JPMorgan's $1.5 trillion security and resiliency investment program [4]. - JPMorgan emphasizes the importance of diversified energy production and grid modernization for national interests and advancing artificial intelligence [5].

Core Insights - NuScale shares increased by 15% following the U.S. Army's launch of the "Janus Program," aimed at accelerating micro nuclear reactor development [1] - The stock has risen over 375% from its year-to-date low in April [2] - The Janus Program indicates policy momentum that presents a lucrative opportunity for NuScale, which is the only company with an approved small modular reactor (SMR) design by the U.S. Nuclear Regulatory Commission [3] Company Positioning - NuScale is well-positioned to secure significant government contracts, which could enhance revenue and validate its technology for broader commercial markets [4] - The announcement from the U.S. Army is expected to boost investor confidence in SMR stocks, attracting both retail and institutional capital [4] Valuation Considerations - Despite a high price-sales (P/S) multiple of 346x, there are compelling reasons to consider NuScale for long-term investment, including its unique regulatory approval status [5] - Renewed trade tensions between the U.S. and China are increasing interest in domestic energy solutions, which may further benefit SMR shares [5] Industry Outlook - Nuclear power is seen as more reliable than renewable sources like solar and wind, strengthening the investment case for NuScale [6] - Wall Street maintains a positive outlook on NuScale, with a consensus rating of "Moderate Buy" and price targets suggesting a potential upside of 12% [7][8]

Group 1 - NuScale Power Corporation's stock increased by 5.1% following positive developments regarding Italy's nuclear energy policy [1][5] - Italy's council of ministers has introduced a bill to parliament aimed at reintroducing nuclear energy, establishing a national program for sustainable nuclear power, and creating an independent authority for oversight [3][4] - The bill emphasizes the use of "modular and advanced" technologies, particularly small modular reactors (SMR), which aligns with NuScale's focus [4][7] Group 2 - While the introduction of the bill is a significant step, there remains a long process before it can become law and impact the nuclear industry [4] - The potential reintroduction of nuclear power in Italy could benefit NuScale, but there is no guarantee that the company will be the primary beneficiary [5][6] - NuScale is currently facing financial challenges, reporting a loss of $124 million annually and not expected to achieve profitability before 2030 [6]

Small modular reactors are a perfect match for power-hungry artificial intelligence technologies.So far this year, NuScale Power (SMR 0.66%) stock has more than tripled in value. The reason: rapidly rising interest in small-scale nuclear power. NuScale is arguably the leading developer of small modular reactors, with a quantifiable first-mover advantage. This lead could provide it with a decades-long runway of growth, fueled by another rapidly growing industry: artificial intelligence.Small-scale nuclear is ...

Core Insights - The market is increasingly recognizing the potential of nuclear power energy companies like Oklo to address rising energy demands driven by the growth of data centers [1] Group 1: Energy Demand and Nuclear Power - The artificial intelligence revolution is leading to unprecedented energy demands, with projections indicating that by 2030, global data center growth would rank among the top 10 global power consumers [2] - Bank of America forecasts that data centers could consume more energy than Japan by 2026 and India by 2030, highlighting the urgent need for reliable energy sources [2] - Analysts emphasize that nuclear energy will be critical for energy resiliency, national security, and decarbonization in response to these escalating demands [2] Group 2: Oklo's Position and Strategy - Oklo, an advanced nuclear technology company, is positioned as a clean energy solution, having gone public in May 2024 through a SPAC merger, with its stock increasing by 553.3% year-to-date [3][7] - The company focuses on Small Modular Reactors (SMR), which are seen as a cheaper, safer, and faster method for electricity production, with a potential market size of $1 trillion by 2050 [4][7] - Oklo's strategy includes building and operating small-scale nuclear power plants and selling power directly to consumers, supported by a new recycling facility in Tennessee that will repurpose used fuel [5][6] Group 3: Future Outlook - The recycling facility in Tennessee is the first privately funded facility of its kind in the US, aimed at converting waste into gigawatts, thereby reducing costs and establishing a secure supply chain for clean energy [6] - The significant growth in Oklo's stock and the potential market for SMRs indicate a promising future for the company in the evolving energy landscape [3][7]

Core Viewpoint - First Hydrogen Corp. supports Canada's fast-tracking of the Darlington Small Modular Reactor (SMR) project, aligning with its green energy strategy and aiming to be a leader in SMR technology [1][3]. Group 1: Company Developments - First Hydrogen Corp. is collaborating with the University of Alberta to optimize SMR design and fuel materials, addressing the growing energy demands of AI data centers, which are projected to increase global power demand by 50% by 2027 and 165% by 2030 [2]. - The company launched First Nuclear Corp. in March 2025 to integrate SMR power with electrolysis for green hydrogen production, targeting off-grid and industrial sites [3]. - First Hydrogen has developed two hydrogen fuel-cell-powered light commercial vehicles (FCEV) that have completed 6,000 km of testing and achieved a range of over 630 kilometers on a single refueling [5]. Group 2: Industry Context - The Darlington SMR project is positioned as a national priority for Canada, aiming to make it the first G7 country with an operational SMR, which supports the country's energy infrastructure and climate goals [1][4]. - SMRs are designed to be factory-built and suitable for small-scale applications, providing energy for approximately 300,000 homes [1]. - The anticipated US$720 billion in grid spending through 2030 highlights the significant investment needed to support the growing energy demands, particularly from data centers [2].

Core Viewpoint - First Hydrogen Corp. is expanding its collaboration with the University of Alberta to advance Small Modular Nuclear Reactor (SMR) technology, focusing on fuel reactor materials and design optimization to meet the growing demand for clean energy solutions [2][3]. Group 1: Company Developments - The collaboration with Professor Muhammad Taha Manzoor will enhance the design and optimization of SMRs, considering the increasing power demands from AI data centers [2]. - First Hydrogen aims to produce green hydrogen using advanced nuclear technology, positioning itself to meet the rising global demand for clean energy [3][6]. - The company is exploring potential sites for SMR development in Canada and Europe, leveraging Canada's strong nuclear expertise [3]. Group 2: Industry Context - Prime Minister Carney has endorsed SMR technology as essential for energy independence and transforming Canada into a leading energy superpower [4]. - Currently, five nuclear power plants in Canada produce 15% of the country's electricity, with notable SMR projects underway, including Ontario Power Generation's Darlington SMR initiative [4]. - Goldman Sachs projects a 160% increase in data center power demand by 2030, with AI expected to account for 19% of that demand by 2028, highlighting the need for efficient energy solutions [5].

Core Insights - The demand for GPUs is surging, leading to increased power consumption and a forecasted 100x growth in compute needs for next-generation AI models, indicating a sustained demand for nuclear energy as a sustainable power source [2] Group 1: Nuclear Industry Developments - Major tech companies like Amazon, Meta, and Alphabet have pledged to support the expansion of nuclear power, aiming to triple global nuclear capacity by 2050, despite the current limited project pipeline [3][4] - There are currently 60 atomic projects under construction globally, primarily in Asia, representing only a 13% increase from the 440 operational reactors [4] Group 2: Company-Specific Insights - NuScale Power is a leader in small modular reactors (SMRs), with plans to bring the first reactors online within 3-5 years and currently has 12 modules in production [5][6] - Analysts predict that NuScale Power will not generate significant revenue until 2030, with revenue expected to exceed $1 billion only after that [7] - Oklo focuses on liquid-metal-cooled fast reactors, which can operate at lower temperatures and reuse spent fuel, with initial projects set to commence operation in the coming years [9][11] - Cameco is a leading supplier of uranium fuel and reactor components, currently profitable and paying dividends, with revenue growth tracking higher over time [13][14]