Jim Cramer has issued a bullish call on NuScale (NYSE: NSYE), advising investors to increase positions as the stock climbs. The recommendation comes amid growing market interest in advanced nuclear energy and infrastructure modernization.
- Jim Cramer recommends scaling up positions in NuScale (NSYE) with a 'scale out on the way up' strategy.
- NSYE has risen 22% over the past 30 trading days and volume is up 65% above average.
- The U.S. Department of Energy committed $2.2 billion to SMR development in late 2024.
- NuScale’s UAMPS project in Utah is the first commercial-scale SMR plant in the U.S.
- Institutional ownership in NSYE has increased by 40% over the last quarter.
- Median analyst price target for NSYE is now $38.50, up from $30.50 in early November.
Jim Cramer has directed investors to scale up their exposure to NuScale (NYSE: NSYE), emphasizing a 'scale out on the way up' strategy in a recent market commentary. The recommendation underscores confidence in the company's trajectory within the advanced nuclear energy sector, which is gaining traction as governments and utilities prioritize clean, reliable power sources. NuScale's small modular reactor (SMR) technology is positioned as a key solution for decarbonizing the grid while addressing intermittency concerns of renewables. The stock has seen notable gains in recent weeks, with NSYE surging approximately 22% over the past 30 trading days. This upward momentum coincides with federal support for next-generation nuclear, including the U.S. Department of Energy's recent $2.2 billion commitment to SMR development. NuScale's partnership with the Utah Associated Municipal Power Systems (UAMPS) for the first commercial SMR plant in the U.S. further strengthens its near-term pipeline. These developments have contributed to a 40% increase in institutional ownership over the last quarter, signaling growing confidence from professional investors. Market participants are now watching the stock closely, with trading volume up 65% above its 50-day average. Analysts tracking NSYE have revised their price targets upward, with the median target now at $38.50, implying potential upside of 32% from current levels. The move is expected to attract both retail and institutional capital, particularly in the clean technology and utilities sectors. The broader implications include heightened attention on nuclear energy as a viable component of energy transition strategies, especially in markets seeking energy independence and stable baseload power. As regulatory approvals advance and project financing unfolds, NuScale's progress may set a benchmark for the entire SMR industry.