10 Best Performing NYSE Stocks to Buy Now

6. NuScale Power Corporation (NYSE:SMR)

Year-to-Date Performance as of June 23: 103.57%

Number of Hedge Fund Holders: 18

NuScale Power Corporation (NYSE:SMR) is one of the best-performing NYSE stocks to buy now. On June 18, NuScale Power Corporation announced new research programs focused on developing an integrated energy system for clean water production and energy-efficient hydrogen generation. The initiatives aim to address global water scarcity, facilitate clean hydrogen production, and enable the reuse of industrial brine.

NuScale’s research indicates that a single NuScale Power Module/NPM paired with a state-of-the-art reverse osmosis desalination system could produce ~150 million gallons of clean water daily, without generating carbon dioxide. Furthermore, a plant with 12 NPMs would be capable of providing desalinated water for a city of 2.3 million residents while also generating surplus power to electrify 400,000 homes.

To tackle the environmental challenge posed by brine, which is a byproduct of the desalination process, NuScale’s research team has developed a novel approach for hydrogen storage, transport, and production that utilizes this leftover brine as an industrial feedstock. NuScale collaborated with experts at the US Department of Energy’s Pacific Northwest National Laboratory to investigate hydrogen production from an inert salt derived from water desalination byproducts.

NuScale’s hydro-thermal chemical decomposition method for hydrogen production eliminates the need for water electrolysis, thereby reducing energy and water consumption and lowering costs. The process is carbon-free if powered by NuScale’s integrated energy systems. The research on this innovative approach was presented at the World Petrochemical Conference in March 2025.

NuScale Power Corporation (NYSE:SMR) provides small modular reactor technology solutions. It offers NuScale Power Module, which is a water reactor that can generate 77 megawatts of electricity.