NuScale Power (SMR), a pioneer in small modular nuclear reactor technology, saw its stock soar 5.13% in pre-market trading on Thursday. This surge comes amid a broader rally in nuclear stocks and growing optimism about the company's future prospects in the small modular reactor (SMR) market.

The pre-market rally in nuclear stocks saw several companies in the sector gaining ground. NuScale Power, along with peers like Oklo and Centrus Energy, experienced significant upward movement. This sector-wide momentum reflects growing investor interest in nuclear energy as a potential solution for clean, reliable power generation.

NuScale Power's strong pre-market performance may also be attributed to increasing confidence in the company's long-term outlook. As the first company to receive Nuclear Regulatory Commission certification for its small modular reactor designs, NuScale is positioned at the forefront of this emerging technology. The company is nearing a critical milestone, with management expecting to book its first order by the end of the year. This development could mark a significant turning point for both NuScale and the broader SMR industry.

Investors appear to be recognizing NuScale's potential to capitalize on growing demand for clean energy solutions, particularly as utilities seek to meet clean energy mandates and stabilize their grids. Additionally, the rising power demands of industries like data centers, driven by artificial intelligence, could provide further opportunities for NuScale's SMR technology in the coming years.