NuScale Power Stock Surges 13% On Historic SMR Deployment Agreement

(RTTNews) - NuScale Power Corp. (SMR) climbed 12.57 percent to $41.92 on Wednesday, adding $4.68 after expressing support for ENTRA1 Energy's landmark agreement with the Tennessee Valley Authority. The deal calls for deploying up to 6 gigawatts of NuScale's small modular reactor (SMR) capacity across TVA's seven-state service area, marking the largest SMR deployment program in U.S. history.

NuScale shares traded between $225.12 and $231.80 during the session, compared with a previous close of $211.99 on the New York Stock Exchange. Volume spiked to 47.30 million shares, well above the average of 24.47 million. The stock now sits within a 52-week range of $142.66 to $231.80.

The program is expected to supply enough carbon-free electricity to power the equivalent of the Dallas-Fort Worth metropolitan area, addressing surging demand from sectors such as artificial intelligence, hyperscale data centers, semiconductor manufacturing, and other critical infrastructure.