NuScale Power Stock Price Jumps Reflecting Anticipation of Government Support
NuScale Power Stock Surge
Investors are flocking to NuScale Power, a company specializing in SMR nuclear technology, as it benefits from recent government support. While NuScale has certification from the U.S. Nuclear Regulatory Commission, it has not commenced operations or sold reactors, operating at a loss instead. Expected to turn profitable by 2027, the stock is still considered a speculative investment.
Government Support and Investor Sentiment
Recent government initiatives in nuclear energy have boosted NuScale's prospects, with $2.7 billion in subsidies allocated to the industry. Progress is evident as NuScale progresses in building SMR plants in various states, but caution is advised due to the distant profitability horizon.
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