NuScale Power's shares have experienced a notable rise, driven by the broader gains in AI infrastructure-related stocks. The surge in interest is largely attributed to the increasing demand for nuclear energy as a reliable power source for data centers, which are expected to see a 160% increase in power demand by 2030. The International Energy Agency (IEA) has highlighted the potential for nuclear energy to play a crucial role in meeting these demands, with small modular reactors (SMRs) like those developed by NuScale being particularly well-suited for this purpose. NuScale's unique position as the only company with regulatory approval from the U.S. Nuclear Regulatory Commission to build SMRs further strengthens its competitive advantage in this burgeoning market.
The recent announcement of the Stargate Project, a $500 billion AI infrastructure initiative involving major tech players like OpenAI, Oracle, and SoftBank, has further fueled optimism around nuclear energy stocks. This project underscores the anticipated need for increased power capacity, aligning with NuScale's strategic focus on scalable and low-footprint nuclear solutions. Analysts have noted the company's strong cash position and its potential to capitalize on the growing interest in nuclear energy, particularly as tech giants explore nuclear options to meet their sustainability goals.
NuScale Power (SMR) shares are currently trading at $21.39, reflecting a 5.53% increase from the previous close of $20.27 on January 27th.