NuScale Power (SMR) saw its stock soar 6.61% during Tuesday's intraday trading, continuing its upward momentum following a 5.75% gain in the previous session. This significant surge is part of a broader rally in nuclear energy stocks, sparked by President Donald Trump's recent executive order aimed at revitalizing America's nuclear energy sector.

The executive order, signed on Friday, outlines an aggressive roadmap for rebuilding the domestic nuclear fuel supply chain and sets ambitious goals, including the construction of 10 new large-scale reactors by 2030. This move has ignited optimism across the nuclear sector, with several companies experiencing notable gains in recent trading sessions. NuScale Power, known for its development of Small Modular Reactors (SMRs), stands to benefit significantly from this renewed focus on nuclear energy.

Goldman Sachs analyst Brian Lee expressed optimism about NuScale and the broader nuclear sector, noting that advanced technologies like SMRs are getting a boost from Trump's executive order. The rally is further supported by growing global energy demands, efforts to reduce carbon emissions, and the need for reliable baseload power sources. As investors reevaluate the potential of nuclear energy, companies like NuScale Power are well-positioned to capitalize on the projected growth in global nuclear capacity, which is expected to increase significantly by 2040.