Should You Buy NuScale at $6 After the Google Rally? Here’s the Next Catalyst That Could Send It Higher.
Nuclear energy stocks are becoming closely tied to the data center build-out. Alphabet‘s Google recently signed a 20-year power purchase agreement with Constellation Energy, the U.S.’s largest nuclear operator, to support its growing power needs. After its Oct. 6 announcement, Constellation’s stock soared 12%, and other nuclear energy stocks followed suit.
One intriguing stock in the space is NuScale Power (NYSE: SMR), an early-stage developer of small modular reactors (SMRs). As hyperscale data center operators search for dependable, carbon-free electricity, NuScale could offer investors another way to capitalize on the nuclear energy revival.
The early-stage company trades below $6 per share and is largely story-driven, but one key catalyst could send the stock soaring.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.