NuScale Power stock surged on political support for nuclear energy and data center deals

NuScale Power’s stock has soared 93% in May and rose 23.7% in June, driven by political support for nuclear energy and potential deals with data center developers. President Trump’s executive orders and Nuclear Regulatory Commission’s approval of their SMR design were also catalysts for the stock’s rise.

The company is in talks with hyperscalers interested in purchasing power, aligning with the trend of AI-focused data centers partnering with SMR developers. NuScale Power’s stock surge reflects strong enthusiasm, but its ability to drive the nation’s nuclear energy renaissance remains uncertain, making it a high-risk investment option.

Investors should carefully consider the risks before investing in NuScale Power, as volatility is expected. For a more conservative approach, a nuclear energy-focused exchange-traded fund may be a better choice. The Motley Fool Stock Advisor team did not include NuScale Power in their list of top 10 stocks, which have historically produced significant returns for investors.

Read more at Yahoo Finance: Why NuScale Power Stock Rocketed 23.7% Higher in June