NuScale Power Corporation's stock is experiencing an upward movement today, likely driven by a significant increase in institutional interest. Wolff Wiese Magana LLC has notably boosted its holdings in NuScale Power by an impressive 125,230% during the fourth quarter, acquiring 12,523 additional shares. This substantial increase in institutional investment may be contributing to the positive sentiment around the stock. Additionally, the recent appointment of Alan Boeckmann as the Non-Executive Chairman of the Board, effective January 15, 2025, continues to bolster investor confidence. Boeckmann's extensive experience and strategic ties with Fluor, NuScale's largest shareholder, are perceived as strengthening the company's future direction.
The broader market sentiment towards small modular reactors (SMRs) remains positive, with recent developments highlighting their potential role in addressing growing energy demands. Notably, a UK-Dutch partnership aims to deploy SMRs at industrial parks, further emphasizing the increasing interest in this technology. These factors collectively contribute to the optimistic outlook for NuScale Power and its stock performance.
NuScale Power Corporation's stock is currently trading at $20.89, reflecting an 8.61% increase from its previous close of $19.23. Despite being just 30 minutes into the trading day, the volume is relatively low at 1,807,922 shares, representing only 15.20% of the average daily volume of 11,896,934 shares.