NuScale's Stock Soars 34% Weekly Amid Fuel Cell and AI Excitement

Reported 1 day ago

NuScale Power Corporation (NYSE:SMR) experienced a significant 34.07% rise in share prices, closing at $50.25 as investors reacted positively to a study predicting a 21% annual growth in the fuel cell market through 2029. This surge followed the release of a report by BCC Research forecasting a substantial increase in the global fuel cell generator market. Additionally, investors are anticipating NuScale's upcoming Q2 earnings report on August 8, eyeing potential partnerships amid a push by the government to expand the U.S. nuclear power sector.

Source: YAHOO

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