Why NuScale Power Shares Jumped 12.3% Today
Shares of NuScale Power (NYSE: SMR) surged as much as 12.3% in trading on Tuesday as the market continues to push nuclear energy stocks higher. Shares gave back some of those gains late in the day, but were still up 7.4% at 3:30 p.m. ET.
Over the past few weeks, tech and energy companies have come together to provide a bullish view on the future of nuclear energy. and Constellation Energy announced the restart of a reactor on Three Mile Island, Oracle's CEO said the company will build three small reactors at a data center, and Constellation's CEO said artificial intelligence (AI) won't happen without nuclear energy.
There's clearly momentum behind the industry, which is driving stock prices higher right now. But will the industry deliver profits to justify rising stock prices?
Source Fool.com
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