NuScale Power Stock Gains Momentum with Major Nuclear Partnership

NuScale Power shares demonstrated notable strength last week, posting gains exceeding 5%. This upward trajectory is largely attributed to the market’s continued positive reception of the company’s landmark 6-gigawatt collaborative agreement with ENTRA1 Energy and the Tennessee Valley Authority (TVA).

The substantial partnership is centered on the deployment of up to 6 GW of NRC-certified small modular reactor (SMR) capacity throughout the TVA’s service territory. This initiative is designed to supply carbon-free baseload power to meet America’s escalating energy demands, specifically catering to high-consumption sectors such as artificial intelligence, hyperscale data centers, and semiconductor manufacturing.

Market experts have responded favorably to these developments. In early September, both Canaccord Genuity and Bank of America raised their price targets... Read more...