NuScale Power (SMR) saw its stock price surge by 5.52% in pre-market trading on Tuesday, riding the wave of a broader rally in nuclear energy stocks. This significant uptick comes in the wake of President Donald Trump's sweeping executive order aimed at revitalizing America's nuclear energy capacity, marking a potential turning point for the industry.

The executive order, signed on Friday, outlines an aggressive roadmap to rebuild the domestic nuclear fuel supply chain, restart shuttered reactors, and fast-track licensing of advanced nuclear reactor designs. It also 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 from this renewed focus on nuclear energy. Goldman Sachs analyst Brian Lee expressed optimism about NuScale, noting that advanced technologies like SMRs are getting a boost from Trump's executive order. The broader context of rising global energy demands, efforts to reduce carbon emissions, and the need for reliable baseload power sources further supports the positive outlook for nuclear energy companies.

As the nuclear energy sector gains momentum, investors appear to be reevaluating its potential. With global nuclear capacity projected to increase significantly by 2040, companies like NuScale Power are well-positioned to capitalize on this growth. The stock's pre-market surge reflects growing investor confidence in the company's prospects within this evolving energy landscape.