NuScale Power Corporation's stock is experiencing an uptick today, likely influenced by recent developments in the small modular reactor (SMR) sector. On January 6, 2025, news emerged that Norway's Halden Kjernekraft AS has identified a site for a proposed nuclear power plant utilizing SMRs. This initiative highlights the growing interest and potential for SMR technology, which aligns with NuScale's strategic focus. Additionally, a lawsuit filed by Texas and Utah against the Nuclear Regulatory Commission's regulations on SMRs could signal a push for more favorable regulatory conditions, potentially benefiting companies like NuScale.
Despite being just 30 minutes into the trading day, NuScale Power Corporation's stock is trading at $22.09, marking a 5.95% increase from the previous close of $20.85. The stock has seen a volume of 3,488,998 shares, which is 30.28% of its average daily volume, indicating a strong start to the trading session.