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 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 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.
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This article is originally published at Insider Monkey.
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