On June 18, NuScale Power rose 8.75% in regular trading, trading at $11.28/share, with turnover of $156 million. The stock surged after the company announced that Paragon, a unit of Mirion Technologies, won a contract to finalize the design of its Highly Integrated Protection System for the NuScale Power Module small modular reactor.
Under the contract, Paragon will handle engineering and design work for three protection systems and provide verification and validation of safety-critical software. NuScale characterized the award as a significant milestone, noting that certain components of 12 power modules are already in production. Plants deploying the modules are expected to use a single control room to operate up to 12 units generating up to 77 megawatts each. Additionally, market attention remains focused on Japan's reported $25 billion investment negotiations for NuScale's Tennessee SMR project, with both sides reportedly entering final-stage talks.
Within the Heavy Electrical Equipment sector, the overall sector showed broad strength. Among individual stocks, Bloom Energy up 9.57%, NANO Nuclear Energy up 7.03%, GE Vernova up 6.02%, Forgent Power Solutions up 3.13%, X-Energy down 4.72%.
(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.)
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