The share price of NuScale Power Corporation (NYSE:SMR) surged by 19.43% on May 23, 2025. Let’s shed some light on the development.
NuScale Power Corporation is a provider of proprietary advanced small modular reactor (SMR) nuclear technology.
NuScale Power Corporation received a significant boost on Friday after President Trump signed an executive order to quadruple America’s nuclear energy production by cutting down on regulations and fast-tracking new licenses for reactors and power plants. Nuclear energy has emerged as a key candidate to power the country’s AI boom and its accompanying data centers, which are expected to raise the domestic power demand to record highs in 2025 and 2026.
The White House has put special focus on small modular reactors, or SMRs, known for their affordability, versatility, and shorter construction times. This presents a significant opportunity for NuScale Power Corporation as its NuScale Power Module is the first and only SMR to receive design approval from the U.S. Nuclear Regulatory Commission.
It must also be mentioned that NuScale Power Corporation reported strong results for its Q1 2025 last week, beating forecasts in both earnings and revenue. Notably, the company’s revenue jumped by 870% during the quarter to $13.38 million, with significant potential for further growth after the recent developments.
READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds.
Hedge Fund Resource Center