NuScale Power, a leading innovator in small modular reactor (SMR) nuclear technology, saw its stock price surge 15.40% in Tuesday's intraday trading session. This remarkable increase follows the company's recently released fourth-quarter earnings report and positive analyst commentary.
According to B. Riley, NuScale Power reported revenue of $34.2 million in the fourth quarter, strengthening its balance sheet. Analysts are optimistic about the company's prospects, anticipating news of new project developments that could further bolster its growth trajectory.
Canaccord Genuity has reiterated its "Buy" rating on NuScale Power, citing the company's strategic positioning and robust financial performance. The firm maintains a favorable outlook, underscoring NuScale Power's potential to capitalize on the growing demand for clean and sustainable energy solutions.
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