Stock Track | NuScale Power Soars 12.40% in Pre-Market as Meta Strikes Nuclear Power Agreements

Stock Track01-09

NuScale Power's stock surged 12.40% in pre-market trading on Friday, reflecting strong investor interest in the small modular reactor (SMR) sector.

The rally follows Meta Platforms' announcement of long-term agreements to purchase power from nuclear plants and collaborate with SMR developers, including NuScale Power. Meta's move to secure nuclear energy for its data centers has boosted sentiment across the nuclear energy sector, with NuScale benefiting as a key player in SMR technology.

Analysts note that Meta's agreements signal growing corporate demand for nuclear power, particularly SMRs, which are seen as a scalable and sustainable energy solution. This development has reignited investor optimism in NuScale's long-term prospects.

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