NuScale Power Corporation's stock is experiencing an uptick today, likely influenced by the appointment of Alan Boeckmann as the non-executive chairman of the board. This leadership change may be perceived positively by investors, as Boeckmann's extensive experience could provide strategic guidance and bolster confidence in the company's future direction. Additionally, the ongoing lawsuit involving Texas, Utah, and Last Energy against the U.S. Nuclear Regulatory Commission (NRC) over licensing requirements for small modular reactors (SMRs) continues to draw attention. A favorable outcome for the plaintiffs could potentially ease regulatory burdens for NuScale and other SMR developers, which might be contributing to the positive sentiment around the stock.
NuScale Power Corporation (SMR) is trading at $19.50, up 3.72% from its previous close of $18.80. The stock opened at $19.65 and has seen a high of $19.96 and a low of $19.18 so far today. Despite being just 30 minutes into the trading day, the volume is relatively low at 1,152,654 shares, representing only 9.66% of the average daily volume of 11,938,137 shares.