Virtu Financial purchased 579,353 shares of NuScale Power for nearly $21 million, representing 1.16% of their 13F reportable assets. This marks their first investment in small modular reactors (SMRs), showing optimism in the stock.

NuScale Power is developing modular, light-water reactor nuclear power plants with each module capable of generating 77 megawatts of electricity. The company’s revenue comes from selling modular nuclear reactors and related energy solutions for various applications.

Despite recent selling pressure on NuScale Power’s stock, investors like Virtu Financial see potential in the company’s focus on SMRs amid President Trump’s support for nuclear energy. NuScale has secured contracts, including with ENTRA1 Energy, for deploying nuclear power capacity in the U.S.

Read more at Nasdaq: Virtu Financial Loads Up NuScale Power Stock After Its Big Price Drop. Should You Too?