NuScale Power Corp, a developer of small modular nuclear reactors, saw its shares surge 18.5% on Monday, emerging as the top performer among small-cap stocks.
The rally in NuScale Power's stock price came as the company's innovative nuclear technology garnered increasing interest from investors and industry experts. NuScale's small modular reactors are designed to be safer, more cost-effective, and more flexible than traditional large-scale nuclear plants.
Oklo Inc. (OKLO, Financial) just gave investors a lot to cheer about. Its stock jumped nearly 15% Monday, riding a wave of optimism after President-elect Donald Trump tapped Chris Wright, CEO of Liberty Energy and an Oklo board member, as the next U.S. energy secretary. Wright, known for his contrarian views on climate change, also brings heavyweight energy credentials that include experience in nuclear, solar, and oil. His appointment has cast a fresh spotlight on Oklo, a startup pushing the boundaries of clean nuclear tech at a time when the world is scrambling for reliable, low-carbon energy sources.
This surge comes as Oklo stacks up major wins. The company recently inked partnerships to supply up to 750 megawatts of power to U.S. data centers—an energy-intensive sector hungry for sustainable solutions. Oklo's CEO, Jacob DeWitte, called it a "transformative moment" as industries look to nuclear to meet soaring energy demands driven by AI and digital infrastructure. And that's not all—Oklo is diving headfirst into the $55 billion radioisotope market with a proposed acquisition of Atomic Alchemy. This move not only opens new revenue streams but also positions Oklo to solve critical supply chain bottlenecks in medical and industrial applications.
Investors are clearly buying into the vision. With bipartisan momentum, deep-pocketed partnerships, and plans to revolutionize both energy and material supply chains, Oklo is cementing its place as a leader in next-gen nuclear tech. As Jacob DeWitte put it, "Momentum is building every week." If today's rally is any indication, investors are ready to ride that wave into the future.