NuScale Power shares extended their rally amid broad optimism for the nuclear energy sector. The Trump administration is reportedly planning to fast-track nuclear development to power AI data centers. While the initiative does not name NuScale specifically, the policy shift boosted the company's stock.
The administration is also nearing a nuclear cooperation agreement with Saudi Arabia for congressional submission.
Citi raised its price target for NuScale Power to $7.50 from $7.00. This adjustment follows a broader review of the alternative energy sector ahead of second-quarter earnings.