NuScale Power Stock Surges on Strategic Moves and Major Contract

NuScale Power Corporation witnessed a substantial rally in its share price during Monday’s trading session. The stock opened at $38.00 and quickly climbed to $39.75, eventually settling at $39.54 by market close—representing a solid gain exceeding 4%. Trading activity reached notable levels with more than 4.3 million shares changing hands, indicating heightened investor attention.

The energy sector is abuzz with news of NuScale’s landmark agreement with the Tennessee Valley Authority. The partnership, which includes ENTRA1 Energy, could deploy up to 6 gigawatts of small modular reactor capacity—potentially the largest SMR installation in United States history. This massive undertaking aims to supply carbon-free electricity to entire regions while meeting the skyrocketing power demands of data centers.

In a separate strategic development, NuScale... Read more...