Nuscale Power Stock News

CORVALLIS, Ore.--(BUSINESS WIRE)--NuScale Power Corporation (NYSE: SMR) today announced results for the third quarter ended September 30, 2024.

Just because nuclear power is popular now doesn't mean it's not still risky for investors.

NuScale Power is a story stock. If you don't believe the story, you probably shouldn't own it.

The utilities sector, represented by the Utilities Select Sector SPDR ETF NYSE: XLU, has outpaced the market in 2024, rising by 25% year-to-date and surpassing the SPY ETF's nearly 20% return. This outperformance has positioned utilities as a surprise leader, driven by the recent rate cuts, renewed interest in nuclear energy, and the rapid expansion of artificial intelligence (AI) initiatives.

NuScale Power has rocketed skyward thanks to renewed interest in nuclear power. But is it a buy near all-time highs?

Every stock has bulls and bears. When trying to understand the bearish sentiment around a stock, looking at short interest can be particularly useful.

The push by data centers to seek out clean energy sources to power their AI platforms and applications has become mainstream. Data centers are estimated to consume over 9% of all domestic electricity produced by 2030.

AI's rising energy demands are driving a shift towards nuclear power, with major tech companies investing in small modular reactors (SMRs) for sustainable energy solutions. NuScale Power, Oklo, and Cameco are highlighted as key players in the nuclear sector, each showing significant growth potential despite current overbought conditions. NuScale and Oklo offer innovative reactor technologies, w...