Shares of NuScale Power (SMR) surged 17.97% in intraday trading, as investors reacted enthusiastically to reports that President Donald Trump is set to sign executive orders aimed at revitalizing the U.S. nuclear energy industry. The anticipated orders are expected to streamline the regulatory process for new reactor approvals and bolster fuel supply chains, potentially providing a significant boost to companies in the nuclear power sector.
NuScale Power, known for its innovative small modular reactor (SMR) technology, is poised to be a key beneficiary of this policy shift. The company's stock surge is part of a broader rally in nuclear-related stocks, with other firms such as Centrus Energy, Lightbridge, and Oklo also experiencing substantial gains. This movement reflects growing investor confidence in a potential renaissance of the U.S. nuclear energy industry under the Trump administration's focus on energy independence and clean power generation.
The renewed interest in nuclear energy comes at a critical time, as the United States faces its first rise in power demand in two decades, largely driven by the boom in artificial intelligence and data centers. Industry analysts, including those from Wedbush, have highlighted the potential role of nuclear energy in powering these energy-intensive facilities. As the market digests the implications of Trump's expected executive orders, all eyes will be on NuScale Power and its peers to see if this momentum continues, potentially signaling a new era for nuclear energy in the United States.