On July 30, NuScale Power rose 8.5% in regular trading, trading at $8.385/share, with turnover of $57.31 million.

On the news front, Bill Gates is scheduled to visit South Korea on August 14 to discuss small modular reactor (SMR) business cooperation with SK Group and HD Hyundai Group. This development follows the trilateral US-Japan-Korea SMR cooperation memorandum of understanding signed at the NATO summit, further boosting the nuclear plus computing power investment theme.

The commercial outlook for SMRs as a zero-carbon, stable power supply solution for data centers is being repriced by the market, as major tech companies including Google, Microsoft, and Meta have signed long-term nuclear power purchase agreements. Within the Heavy Electrical Equipment sector, the broader group rallied in tandem, with Bloom Energy Corp up 30.99%, INNIO Holding GmBH up 14.56%, Forgent Power Solutions up 13.78%, X-Energy up 12.44%, and GE Vernova Inc. up 8.89%.

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