NuScale Power's Stock Surges After Major Developments

NuScale Power sees a substantial rebound in stock value, soaring 445% in 2024 after a tough 2023. The surge is driven by advancements in power solutions and strong market interest, making this an intriguing investment opportunity for 2025.

Date: 14-01-2025

AI Rating: 7

Stock Performance Overview
NuScale Power experienced a dramatic decline of 68% in 2023, which indicates significant selling pressure from investors. However, the narrative shifted in 2024, where the stock price skyrocketed by 445%. This stark contrast suggests that the fundamentals driving investor sentiment improved substantially.

Catalysts for Growth
Several key catalysts contributed to NuScale Power's resurgence in 2024. The announcement of manufacturing its NuScale Power Modules marked a turning point, leading to an immediate response in the market, where the stock rose by more than 8% following the fourth-quarter 2023 results. Additionally, an adjustment in the price target by Canaccord Genuity analysts from $4.25 to $8 served as a further positive trigger, leading to a 54% rise in March.

Market Response
The ongoing interest from companies like Standard Power has kept investor enthusiasm high, particularly as they explore the potential of using NuScale's technology in data centers. The recognition of nuclear power as a viable energy solution by the U.S. government has also bolstered confidence in NuScale, demonstrated by a 34% increase in June.

Investment Insights
Though the S&P 500 index experienced a dip, NuScale Power managed a 5% increase in the same period, showcasing investor support amid broader market challenges. However, it's crucial to note that NuScale has yet to commence commercial operations and remains unprofitable, positioning it as a speculative investment.

Stocks: SMR AMZN GOOGL