NuScale Power, a leading nuclear energy company, saw its stock soar 7.1% in the pre-market session on Tuesday, following former President Donald Trump's announcement of plans to declare a national energy emergency and revive domestic oil and gas production.
Trump's pledge to address inflation and lower energy costs for Americans has raised expectations of a more favorable policy environment for nuclear energy companies. His proposed actions aim to unleash new oil and gas development on federal lands and roll back Biden-era climate regulations.
Investors seem to view Trump's energy emergency plan as a potential boon for the nuclear energy sector, including NuScale Power. The company's innovative small modular reactor technology could benefit from the renewed focus on alternative energy sources and domestic energy production.
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