NuScale Power Stock Rises Amid Nuclear Push and Analyst Upgrade
NuScale Power (NYSE: SMR) saw its stock surge 23.4% in January as political momentum for nuclear energy accelerated following a U.S. House of Representatives Energy Subcommittee hearing on January 5, 2023. The hearing discussed an ambitious nuclear acceleration roadmap set by the Trump administration, aiming for three experimental reactors operational by July 4, 2026, multiple small modular reactors (SMRs) deployed by the end of 2027, and nuclear power on military bases by 2028.
On January 9, Bank of America upgraded NuScale from “Underperform” to “Neutral,” setting a price target of $28, citing favorable licensing agreements and the advantages of its reactor design. Despite these gains, investor anxiety grew after Microsoft reported $37.5 billion in quarterly capital expenditures, indicating potential volatility for stocks reliant on AI growth, including NuScale.
