HomeMarket NewsNuScale Power and Centrus Energy Recommended as Buy Ratings by B Riley...

NuScale Power and Centrus Energy Recommended as Buy Ratings by B Riley for NRC First-Mover Advantage

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NuScale Power (NYSE: SMR) gained 5.7% while Centrus Energy (NYSE: LEU) rose 2.8% in Fridayโ€™s trading after both companies were given Buy recommendations by B Riley Securities. B Riley believes that NuScaleโ€™s technology will play a crucial role in the energy industry due to its carbon-free baseload power, proven technology and safe design, as well as its cost-effective scalability.

NuScale holds a significant first-mover advantage over other reactor companies as the only small modular reactor to receive Standard Design Approval from the U.S. Nuclear Regulatory Commission. B Riley highlights the companyโ€™s optimistic outlook on its customer pipeline, particularly through its partnership with ENTRA1, which will develop and own NuScale plants for specific customers. With approximately 18 Memorandums of Understanding (MoUs) and advanced discussions with multiple entities, NuScaleโ€™s future growth prospects are promising.

B Riley also praises Centrus Energyโ€™s lead in high-assay, low-enriched uranium (HALEU) production. As the first company to build an NRC-licensed uranium enrichment plant in the U.S., Centrus Energy utilizes American enrichment technology to produce HALEU. This achievement positions the company for significant growth in the coming years.

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