NuScale Surges 16% as Nuclear Rally Sends Leveraged ETFs Up 30%+
SMR sits 54% above its 52-week low of $7.21.
Summary
NuScale shares jumped more than 16% on Tuesday, driving leveraged ETFs tied to the stock up 30-37%. The move extends a recent rebound in the small modular reactor developer, fueled by renewed appetite for nuclear names on expectations of rising power demand from AI data centers. The company also announced first-of-a-kind boron-oxide pellets for its passive emergency core cooling system, produced with partner MillenniTEK, and is deploying nuclear-specific AI tools. This follows a period of heavy insider selling and a new $750M ATM program disclosed in August. The sharp single-day move and ETF amplification highlight speculative interest in the nuclear trade.
At the time of this announcement, SMR was trading at $11.08 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.8B. The 52-week trading range was $7.21 to $57.42. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.