Why NuScale Power Stock Is Rocketing Higher Today
Vattenfall’s order for three 470-megawatt SMRs from Rolls-Royce renewed investor interest in the sector and lifted NuScale shares 10.7%, analysts said.
- Swedish state-owned power company Vattenfall selected Rolls-Royce Plc to supply three SMRs, each with 470 megawatts of power capacity, expanding its nuclear energy portfolio across Germany, the Netherlands, and Denmark.
- Following higher closes on Thursday and Friday last week, NuScale Power stock extended the streak, with shares rising 10.7% as of 2:00 p.m. ET today, retreating slightly from an earlier rise of 13.7%.
- Distinguishing itself in the market, NuScale Power is the only SMR company with designs approved by the Nuclear Regulatory Commission, positioning it uniquely among competitors.
- The Motley Fool recommends both NuScale Power and Rolls-Royce, though analysts caution that NuScale Power investments carry significant risk, suitable only for those comfortable with speculative positions.
- Despite positive news from Sweden, market analysts suggest it is foolhardy to purchase NuScale Power stock solely based on the Vattenfall announcement; a nuclear energy ETF may offer a more compelling alternative.
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25 Articles
Swedish state-owned energy company Vattenfall has chosen British Rolls-Royce, which has never built reactors before, to supply the reactors for its new nuclear plant.
Why NuScale Power Stock Is Rocketing Higher Today
Key PointsA Swedish power company has chosen Rolls-Royce to supply three small modular reactors.Conservative investors may prefer nuclear energy ETFs to individual SMR stocks like NuScale Power.10 stocks we like better than NuScale Power › After powering to higher closes than the previous days of trading on both Thursday and Friday last week, NuScale Power (NYSE: SMR) stock is poised to extend the streak for a third consecutive day of trading. A…
British aircraft engine manufacturer Rolls-Royce is to build three small nuclear reactors in southwestern Sweden. This was announced on Monday by the Swedish energy group Vattenfall, which selected Rolls-Royce for this project. According to both companies, it is the first time in over forty years that the country will receive new nuclear reactors.
Sweden Selects UK's Rolls-Royce as SMR Supplier for Nuclear Expansion As Sweden returns to a policy of expanding nuclear power for the first time in over 40 years, it has selected the UK's Rolls-Royce as a supplier for Small Modular Reactors (SMRs). According to Reuters, Sweden's state-owned power company Vattenfall announced on the 15th (local time) that it has selected the US as an SMR supplier.
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