CORVALLIS, Ore.--(BUSINESS WIRE)--NuScale announced the opening of their Energy Exploration Center at the University of Nevada, Las Vegas to further develop a nuclear-ready workforce.
Shares of NuScale Power (SMR -5.34%) have risen 350% over the past year. That's an impressive stock advance for a company that loses money and is likely to keep losing money for at least several more years.
NuScale Power (SMR -7.33%) is a money-losing start-up today, but there is huge promise ahead, and the next five years could see a massive change in corporate direction. That sea change could start at the end of this year, but the real example of what NuScale's business is capable of won't take place until the end of the decade.
CORVALLIS, Ore.--(BUSINESS WIRE)--NuScale Power Corporation announced the opening of the next Energy Exploration (E2) Center™ at Rensselaer Polytechnic Institute (RPI) in Troy, N.Y.
Nuclear energy is enjoying a resurgence, with over 31 countries signing a pledge to triple their nuclear capacity by 2050. Last week, several tech giants, including Amazon, Alphabet, and Meta Platforms, signed a pledge backing this goal, joining 14 major financial institutions that have also backed the plan.
NuScale Power (SMR -2.14%) is not an investment for the faint of heart. Indeed, it is losing money today and will probably continue to do so for at least another few years.
NuScale Power (SMR 2.23%) believes it is well ahead of the competition to build small-scale nuclear reactors (also called SMRs, for small modular reactors). There are multiple reasons for this and major implications for investors.
NVIDIA NASDAQ: NVDA did not mention nuclear specifically in its Q4 report or 2025 guidance, but the news is no less critical to nuclear stocks like NuScale Power NYSE: SMR, Oklo Inc. NYSE: OKLO, and Cameco NYSE: CCJ.
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