---
title: "Why NuScale Power Stock Jumped 28% to an All-Time High This Week"
description: "NuScale Power's stock surged 28% this week, reaching an all-time high, driven by investor optimism about the U.S. nuclear energy sector's growth. The White House aims to triple nuclear production by 2"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/220484046.md"
published_at: "2024-11-22T19:36:34.000Z"
---

# Why NuScale Power Stock Jumped 28% to an All-Time High This Week

> NuScale Power's stock surged 28% this week, reaching an all-time high, driven by investor optimism about the U.S. nuclear energy sector's growth. The White House aims to triple nuclear production by 2050, supporting small modular reactors (SMRs) like those NuScale is developing. Despite potential challenges, including a lengthy commercialization process, the company's innovative technology and recent DOE awards position it as a speculative but promising investment in the nuclear energy market.

**NuScale Power** (SMR 9.43%) stock is unstoppable -- it surged 28% this week to an all-time high of $29.52 per share at its highest point in trading through Friday noon, according to data provided by S&P Global Market Intelligence.

The nuclear energy stock is now up a whopping 50% in November, *after* rallying 65% in October. Why is NuScale Power stock soaring higher and higher?

## Could nuclear energy win under Trump?

Investors in NuScale Power are betting big on the company's potential growth as the U.S. continues to take measures to boost the domestic nuclear energy industry. Last week, the White House announced its intention to "at least" triple U.S. nuclear energy production by 2050. Plans include supporting the development of small modular reactors (SMRs).

That's what NuScale Power is also all about -- it is building scalable SMRs to provide low-cost, reliable, carbon-free electricity. SMRs are significantly smaller and can be built at locations not suitable for traditional nuclear reactors.

This week, investors in nuclear energy stocks like NuScale Power found another reason to bet more money: President-elect Donald Trump's pick for the next secretary of the Department of Energy (DOE), Chris Wright.

Things get interesting at this point.

Wright is the CEO of Denver-based fracking company **Liberty Energy** and a staunch supporter of fossil fuels. In a video posted on LinkedIn in 2023, Wright even said, "there is no climate crisis, and we're not in the midst of an energy transition either."

So while climate change activists believe Trump as the president is bad news for the renewable energy industry, the nuclear energy industry should still thrive since the energy source has found support from both the Republicans and the Democrats.

## What's next for NuScale Power stock?

NuScale Power still has a long way to go as the company could still take years to commercialize its flagship "VYOGR" SMR plant. Yet, NuScale Power's story is exactly the kind that excites aggressive investors -- a start-up building a technology that could be a huge thing if proven. To investors' -- and NuScale's -- credit, the company has won some DOE cost-share awards, and its SMR design is the first to be certified by the U.S. Nuclear Regulatory Commission.

Long story short, SMRs and NuScale Power have solid potential, but only if the technology is proven and feasible. Like it or not, NuScale Power stock remains a speculative bet that isn't for the faint of heart.

### Related Stocks

- [SMR.WS.US - NuScale Power A - CW27](https://longbridge.com/en/quote/SMR.WS.US.md)
- [SMR.US - NuScale Power](https://longbridge.com/en/quote/SMR.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 美股异动速递：Abits 大涨 163.29%，Rackspace Tech 涨 64.49%，Twin Vee PowerCats 跌 54.59% | 美股市场概况当前市场呈现出明显的强弱分化，科技股和小盘股的表现尤为突出。Abits 的暴涨引发了市场的广泛关注，成交量大幅放大，显示出资金的强烈介入。与此同时，部分股票如 Twin Vee PowerCats 和 Interactive S | [Link](https://longbridge.com/en/news/276477237.md) |
| 权力公司简报：宣布总裁和首席执行官的交接 | 动力公司简报：宣布总裁兼首席执行官过渡 | [Link](https://longbridge.com/en/news/276222672.md) |
| 期权热点｜周一 SMR 大跌 6%，部分看跌期权飙升 100% | 美东时间 01 月 26 日，SMR 期权总成交 71913 张，看涨期权占比 63%，看跌期权占比 36%。 | [Link](https://longbridge.com/en/news/273786556.md) |
| 美国首次空运小型核反应堆 | 美国能源部和国防部首次成功空运了一台小型核反应堆，这是推动核能复兴的一部分。Ward 250 反应堆从加利福尼亚运输到犹他州进行测试。这台 5 兆瓦的反应堆可以为大约 5000 户家庭供电，并增强军事基地的能源安全。能源部长克里斯·赖特强调 | [Link](https://longbridge.com/en/news/276046312.md) |
| 期权热点｜周四 SMR 大跌 10%，部分看跌期权飙升 238% | 美东时间 02 月 12 日，SMR 期权总成交 255980 张，看涨期权占比 45%，看跌期权占比 54%。 | [Link](https://longbridge.com/en/news/275848771.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
