On July 22, NuScale Power rose 8.1% in regular trading, reaching $8.605 per share with turnover of approximately $90.85 million.
The move was driven by news that New Jersey has increased its commitment to small modular nuclear reactor (SMR) investment, explicitly designating SMR technology as a critical power supplement solution for data center and industrial electricity load growth. The policy reaffirms the value of stable baseload power sources, triggering a repricing across the sector.
NuScale Power, as the leading company in global SMR technology commercialization and the developer of the only NRC-approved small modular reactor design, stands as a direct beneficiary of this policy catalyst. The company offers its NuScale Power Module capable of generating 77 MWe and scalable VOYGR power plant designs accommodating up to twelve modules. Within the Heavy Electrical Equipment sector, peers also advanced, with X-Energy up 5.14% and Bloom Energy up 14.08%.
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