NuScale Power (SMR) is in discussions with a majority of “tier one” hyperscalers that are interested in buying power from the company’s advanced nuclear reactors, its CEO John Hopkins tells Axios Pro, reports Katie Fehrenbacher. NuScale received approval from the Nuclear Regulatory Commission last week for a second reactor design, uprated to 77 MW, Axios points out. The company’s initial reactor design was approved at 50 MW in 2020, making it the first and only advanced nuclear reactor greenlit in the U.S., the website adds. Shares of NuScale are down 2% to $30.66 in afternoon trading.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMR:
- Nuscale in talks with majority of ‘tier one’ hyperscalers, CEO tells Axios
- Trump Weekly: Appeals court halts block on tariffs, talks with China stall
- NuScale Power Gains NRC Approval for SMR Design
- NRC issues standard design approval for Nuscale Power US460 power plant
- Nuscale Power price target raised to $34 from $17 at UBS
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue