Nuscale Power Stock News

Shares of NuScale Power (SMR -3.89%) soared again this week, up 12.9% as of market close on Friday, June 13, according to data from S&P Global Market Intelligence. The nuclear energy start-up now has a market cap of $11 billion and zero revenue, with the stock up 364% in the last 12 months.

NuScale Power (SMR -3.15%) is burning cash right now. That's not surprising given it is a start-up operating a capital-intensive manufacturing business.

With the way negative stock market sentiment  has piled up recently, short squeezes have generated some massive returns.

Artificial intelligence (AI) is affecting sectors across the business world. Perhaps none more so than electric utilities, due to the high power needs of data centers that run AI.

Nuclear energy might not seem like a thrilling market for growth-oriented investors. It's dominated by slow-growth energy giants like Duke Energy and NextEra Energy, and the global nuclear power market might only expand at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2029, according to Markets and Markets.

Last month, shares of NuScale Power (SMR -0.55%) shot up more than 93%, according to data from S&P Global Market Intelligence. The designer of small modular nuclear reactors (SMRs for short) won approval for one of its designs and is benefiting from the narrative around a nuclear renaissance in the United States.

Share prices of NuScale Power (SMR 0.30%) recently hit all-time highs around $36 per share. Up more than 250% over the past year, is the stock a buy at what are historically lofty price levels?

The old market adage says, “Sell in May and go away,” but this year is proving to be anything but typical. Instead of retreating, the market surged in May, with the S&P 500 posting a gain of over 6% for the month.