NuScale Power's stock jumped 5.76% in the pre-market trading session on Monday, riding a wave of optimism surrounding the nuclear energy sector. The surge comes as analysts grow increasingly bullish on the prospects of nuclear power companies, driven by rising demand for electricity from artificial intelligence data centers and a flurry of deals between tech giants and nuclear energy providers.
The rally in NuScale Power's shares was part of a broader uptick in nuclear stocks during overnight trading. Energy Fuels and Nexgen Energy saw gains of 4.88% and 4.17%, respectively, while Oklo Inc., Vista Energy, and Constellation Energy Corp also experienced notable increases.
Analysts at UBS reiterated their "Buy" ratings for Vistra and Constellation Energy, two of the largest owners of independent nuclear power plants. The firm cited expectations of strong demand and favorable energy/capacity prices in 2025 as key factors driving the positive outlook for the sector.
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.