NuScale Power's stock surged 8.19% during intraday trading on Monday, marking a significant rebound for the small modular reactor company.

The sharp rise follows the company's first-quarter earnings release, which showed a miss on both earnings per share and revenue estimates. Despite the fundamental underperformance, management emphasized NuScale's unique position as the only SMR company globally with U.S. Nuclear Regulatory Commission standard design approval and highlighted $1 billion in total liquidity as of March 31. CEO John Hopkins framed the company as transitioning from a technology story to delivering commercial results.

Broader strength in the nuclear and heavy electrical equipment sector provided additional tailwinds, with several peers also posting substantial gains during the session, suggesting sector-wide momentum helped lift sentiment for NuScale Power despite the earnings miss.