NuScale Power: Buy, Sell, or Hold?
Nuclear energy is enjoying a resurgence, with over 31 countries signing a pledge to triple their nuclear capacity by 2050. Last week, several tech giants, including Amazon, Alphabet, and Meta Platforms, signed a pledge backing this goal, joining 14 major financial institutions that have also backed the plan.Looking forward, it's clear that renewables alone won't be enough to meet growing energy demands. Nuclear energy could play a vital role in the future of energy, and one exciting technology that could play an important role is small modular reactors (SMRs).One company leading the charge is NuScale Power (NYSE: SMR), the first to receive design approval and certification from the Nuclear Regulatory Commission (NRC). However, it hasn't been a smooth ride, and this technology will take some time to come online.Continue reading
Nuclear energy is enjoying a resurgence, with over 31 countries signing a pledge to triple their nuclear capacity by 2050. Last week, several tech giants, including Amazon, Alphabet, and Meta Platforms, signed a pledge backing this goal, joining 14 major financial institutions that have also backed the plan.
Looking forward, it's clear that renewables alone won't be enough to meet growing energy demands. Nuclear energy could play a vital role in the future of energy, and one exciting technology that could play an important role is small modular reactors (SMRs).
One company leading the charge is NuScale Power (NYSE: SMR), the first to receive design approval and certification from the Nuclear Regulatory Commission (NRC). However, it hasn't been a smooth ride, and this technology will take some time to come online.
