NuScale Power Is Down 30% in 2026. Here's 1 Reason to Buy Now and 2 Reasons to Wait for a Bigger Dip.
NuScale Power is at the forefront of the small modular nuclear reactor industry, but it hasn't sold its first reactor yet.
Overview
Electricity demand is rising, and nuclear power is increasingly seen as a solution to the growing need for baseload power. The numbers are shocking, with technologies such as artificial intelligence (AI) and electric vehicles expected to drive a six-fold increase in electricity demand. NuScale Power (NYSE: SMR) has a novel nuclear power technology that could be very attractive, but the company still needs to nail down its first sale.
NuScale Power is a money-losing start-up, but the opportunity here could be huge. Small modular nuclear reactors (SMRs) are factory-built, small enough to be transported to where they are needed, and can be placed in relatively close proximity to population centers, given modern safety standards. This makes them a perfect fit for AI data centers. However, the company's SMRs are also designed to be linked together, enabling them to provide a solution for utilities looking to develop new nuclear power plants.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.