Nuscale Power Corp stock hits all-time high at 45.34 USD

Nuscale Power Corp (NYSE:SMR) stock has reached an all-time high, hitting 45.34 USD, with a substantial market capitalization of $12.22 billion. This milestone comes amid a remarkable 1-year return of 176%, supported by impressive revenue growth of 162% and strong gross profit margins of 78%. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. The surge in stock price underscores Nuscale Power Corp’s growing prominence in the energy sector, as it continues to innovate and expand its market footprint. With a healthy current ratio of 6.23 and a beta of 2.05, this achievement highlights the company’s robust performance over the past year, capturing the attention of both investors and industry analysts. InvestingPro subscribers can access 18 additional investment tips and a comprehensive research report for deeper insights into Nuscale Power’s potential.

In other recent news, NuScale Power has been actively involved in several developments that could impact investors. The company announced new research programs focused on an integrated energy system for water desalination and hydrogen production, highlighting the potential to produce 150 million gallons of clean water daily without carbon emissions. Additionally, NuScale has appointed Shahram Ghasemian as Chief Legal Officer, bringing extensive experience from Centrus Energy (NYSE:LEU) Corp. and federal government roles. In terms of analyst activity, Citi initiated coverage on NuScale Power with a neutral rating and a $46 price target, citing the company’s first-mover advantage and competitive strengths but also noting execution risks. Moreover, nuclear energy stocks, including NuScale Power, have gained momentum following a Senate panel’s proposal to extend tax credits for nuclear power to 2036, contrasting with a phase-out for solar power incentives. This policy shift, along with positive comments from Secretary of Energy Chris Wright, suggests a more favorable regulatory environment for nuclear power companies. The anticipated regulatory changes could accelerate nuclear power project development, benefiting companies like NuScale Power.

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