Is NuScale Power Stock a Millionaire Maker?
Shares of NuScale Power (NYSE: SMR) have risen 350% over the past year. That's an impressive stock advance for a company that loses money and is likely to keep losing money for at least several more years. Growth like that is likely to have minted a few millionaires if they bought in early and invested enough.But smart investing is more about looking toward potential future growth rather than betting on past performance. Investors now shouldn't be betting on today's performance when they buy NuScale Power, they are betting on the future of nuclear power. And if the future is as bright as seems possible today, NuScale Power has real potential to help make more millionaires in the years to come.NuScale Power is working toward being the first to market with a small-scale modular nuclear reactor. It is a pretty exciting advance in the nuclear power sector, which has historically only produced very large reactors. Large-scale nuclear power plants have advantages, but they also come with a host of negatives -- most notably, cost, construction time, and accident risk.Continue reading
Shares of NuScale Power (NYSE: SMR) have risen 350% over the past year. That's an impressive stock advance for a company that loses money and is likely to keep losing money for at least several more years. Growth like that is likely to have minted a few millionaires if they bought in early and invested enough.
But smart investing is more about looking toward potential future growth rather than betting on past performance. Investors now shouldn't be betting on today's performance when they buy NuScale Power, they are betting on the future of nuclear power. And if the future is as bright as seems possible today, NuScale Power has real potential to help make more millionaires in the years to come.
NuScale Power is working toward being the first to market with a small-scale modular nuclear reactor. It is a pretty exciting advance in the nuclear power sector, which has historically only produced very large reactors. Large-scale nuclear power plants have advantages, but they also come with a host of negatives -- most notably, cost, construction time, and accident risk.
