Stock Track | NuScale Power Soars 8.37% Intraday as Trump Pushes for US Nuclear Energy Expansion

Stock Track01-21

NuScale Power (SMR) surged 8.37% during Wednesday's intraday trading, outperforming peers in the nuclear energy sector. The rally followed a broader premarket uptick among nuclear stocks.

The movement was triggered by former President Donald Trump's remarks at Davos, where he emphasized the US is "going heavy" into nuclear energy and signed an executive order approving new nuclear plants. NuScale, a leader in small modular reactor technology, is seen as a key beneficiary of potential policy shifts and increased federal support for the sector.

Market analysts note the speech reignited investor optimism about NuScale's growth prospects, given its first-mover advantage in scalable nuclear solutions. The stock's gains outpaced competitors like Oklo (+7.6%) and Centrus Energy (+4%), reflecting NuScale's prominence in the sector.

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