Why NuScale Power Corporation (SMR) Went Up On Tuesday

We recently published a list of These 10 Stocks Exploded by Double Digits Today. In this article, we are going to take a look at where NuScale Power Corporation (NYSE:SMR) stands against other best-performing stocks.

NuScale Power rallied for a second day on Tuesday, jumping 17.46 percent to close at $35.52 apiece as investors gobbled up shares following President Donald Trump’s executive orders to ramp up the development of nuclear power technologies in the US.

In particular, NuScale Power Corporation (NYSE:SMR) earned a boost from an order deploying advanced nuclear reactor technologies, which the latter is heavily investing in.

A copy of the order said that the deployment will support the government’s national security objectives, such as the protection and operation of critical infrastructure, critical defense facilities, and other mission capability resources, as well as enable private sector investment, innovation, development, and use of nuclear technologies across the US.

A Nuclear power plant with all its safety & security protocols in place.

In the first quarter of the year, NuScale Power Corporation (NYSE:SMR) increased its revenues by 857 percent to $13.4 million from $1.4 million in the same period last year on the back of revenues generated from the FEED Phase 2 project and the Technology License Agreement for the RoPower Doicești power plant.

Overall, SMR ranks 4th on our list of best-performing stocks. While we acknowledge the potential of SMR, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SMR and that has 10,000x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.