NuScale Power (SMR) stock surged 17% in Friday's pre-market trading session, as the nuclear energy sector received a significant boost from the Trump administration's focus on nuclear technology in international trade talks. The company, which develops small modular reactor technology, saw its shares climb to new heights amid renewed interest in nuclear energy solutions.
The dramatic rise in NuScale's stock price comes on the heels of a landmark agreement between the United States and the United Kingdom to collaborate on nuclear energy development. This agreement, announced during President Donald Trump's visit to the UK, aims to accelerate nuclear project reviews and deployment, potentially opening up the UK market to more American nuclear technology. The memorandum of understanding between the two countries also outlines plans to build a nuclear fuel supply chain, reducing dependence on Russian sources.
This renewed focus on nuclear energy in international trade discussions has sparked investor interest across the nuclear sector. Other companies in the industry, including Oklo, Centrus Energy, and BWX Technologies, also saw significant gains. The agreement's emphasis on expediting reactor reviews and establishing new supply chains is seen as a positive development for companies like NuScale Power, potentially accelerating the adoption of their innovative small modular reactor designs in international markets.
