Movement Alert｜NuScale Power Rises 8.39% in Regular Trading, Reactor Protection System Design Contract Awarded Amid Sector-Wide Rally

Market Focus06-18

On June 18, NuScale Power rose 8.39% in regular trading, trading at $10.78/share, with turnover of $330 million.

On the news front, NuScale announced that Paragon, a unit of Mirion Technologies, has been awarded a contract to complete the final design of its Highly Integrated Protection System for the NuScale Power Module small modular reactor. The contract covers engineering and design work for three protection systems along with verification and validation of safety-critical software. Financial terms were not disclosed. NuScale noted that certain components of 12 power modules are already in production, with plants expected to use a single control room to operate up to 12 units generating up to 77 megawatts each.

The broader Heavy Electrical Equipment sector saw widespread gains, with NANO Nuclear Energy up 12.66%, Forgent Power Solutions up 9.13%, X-Energy up 8.51%, GE Vernova up 7.23%, and Bloom Energy up 4.22%, reflecting sustained investor appetite for nuclear energy and clean power infrastructure names.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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