NuScale Power Shares Reaches New Peak as Modular Reactors Drive Growth

The stock performance of NuScale Power Corporation (SMR), a firm that specializes in tiny modular reactors, has attained a noteworthy milestone as it has reached an all-time high of $16.91 USD. The company’s strong growth trajectory is reflected in this peak, as it has had an incredible 183.42% gain in the last year. As a potential leader in the industry’s future, investors credit this spike to NuScale’s promising developments in the modular nuclear reactor field and the growing interest in sustainable energy solutions.

NuScale Power Boosts Global Expansion with Fluor FEED Contract in Romania

In other developments, NuScale Power Corp. kept a healthy $136 million cash position in Q2 2024 while reporting a net loss of $74.4 million. In addition, the business signed a big deal with Fluor Transworld Services Inc. for Front-End Engineering and Design (FEED) services for NuScale’s Romanian small modular reactor project.

Thus, an important milestone in NuScale’s global expansion and contribution to the nuclear energy industry has been reached with this achievement. However, the agreement’s financial details were kept secret. The company’s efforts to transform the nuclear power sector with its tiny modular reactors have recently led to these advancements.

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