NuScale Power Corporation (SMR) saw a significant price increase on January 15, 2025, closing at $20.82, up 8.27% from the previous close of $19.23. The stock opened at $20.18 and reached a high of $21.34 during the trading session. The surge in NuScale's stock price can be attributed to a combination of factors, including a substantial increase in institutional interest, with Wolff Wiese Magana LLC boosting its holdings by 125,230% in the fourth quarter. Additionally, the appointment of Alan Boeckmann as the Non-Executive Chairman of the Board has bolstered investor confidence, given his strategic ties with Fluor, NuScale's largest shareholder.
Broader market trends also played a role, as nuclear power stocks, including NuScale, experienced gains driven by the global push for clean energy solutions. The development of microreactors, which offer a new source of zero-carbon energy, has further fueled interest in nuclear technology. Moreover, President Biden's recent executive order to facilitate clean-energy power for AI data centers highlights the potential role of small modular reactors in meeting future energy demands. These developments have collectively contributed to the positive sentiment surrounding NuScale Power's stock.