NuScale Power's stock surged 8.3% in pre-market trading on Monday, riding a wave of optimism surrounding the nuclear energy sector. The rally was driven by analysts' growing bullishness on the prospects of nuclear power companies, fueled by the following factors:
1. Rising demand for electricity from artificial intelligence data centers is expected to benefit nuclear power companies, as tech giants are increasingly seeking sustainable and reliable energy sources.
2. A flurry of deals between tech companies and nuclear energy providers has been observed, with tech firms willing to pay higher prices to secure electricity for their future data centers while meeting sustainability targets.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.