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Corporate Score 52 Bullish

NuScale Power Rallies as Investors Bet on $10 Trillion Nuclear Renaissance

Apr 22, 2026 21:34 UTC
SMR, OKLO, GEV, BAC
Short term

NuScale Power shares surged over 16% on Wednesday as market sentiment shifted toward small modular reactors. The rally comes amid broader optimism for a nuclear energy revival and strong performance from industry peer GE Vernova.

  • NuScale Power closed at $13.57, up 16.28%
  • Trading volume reached 54 million shares, double the 3-month average
  • Oklo and GE Vernova also posted double-digit gains
  • BofA analysts highlight a potential $10 trillion nuclear revival
  • NuScale is currently 75% below its previous autumn highs
  • Q1 earnings for NuScale are expected on May 7

NuScale Power (SMR) saw a significant price jump on Wednesday, closing at $13.57, a 16.28% increase. The surge was fueled by renewed investor interest in the company's valuation relative to its previous peaks and its potential role in the emerging small modular reactor market. The rally is part of a broader trend in the nuclear energy sector. Industry peers also saw gains, with Oklo rising 15.65% to $72.41 and GE Vernova climbing 13.75% to $1,127.56. This momentum is supported by a Bank of America analysis suggesting a potential $10 trillion 'nuclear renaissance' as the world seeks advanced energy solutions. Trading activity for NuScale was particularly intense, with volume hitting 54 million shares—roughly double its three-month average of 26.9 million. While the stock has grown 35% since its 2022 IPO, it currently trades at a 75% discount compared to the highs reached last autumn, attracting value-seeking speculators. Optimism was further bolstered by GE Vernova's Q1 results, which highlighted strong service orders within its nuclear power business. Investors are now looking toward NuScale's own Q1 earnings report, scheduled for release on May 7, to see if the company can translate speculative interest into tangible project wins and financing progress.

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