NuScale (SMR) Soars 8.5% as Firm Clinches Largest SMR Deployment in US

We recently published 10 Power Stocks Crushing Wall Street — 7 at All-Time Highs. NuScale Power Corp. (NYSE:SMR) is one of the best performers on Wednesday.

NuScale rallied for a second day on Wednesday, jumping 8.54 percent to close at $40.42 apiece as investors cheered its partnership with ENTRA1 Energy and the Tennessee Valley Authority (TVA) for the deployment of 6 GW of baseload power within the latter’s service region—the largest small modular reactor deployment in US history.

In a statement, NuScale Power Corp. (NYSE:SMR) said that ENTRA1 Energy will deploy six plants, each powered by multiple NuScale Power Modules.

The program is expected to deliver enough carbon-free, baseload electricity to power at least the equivalent of the entire Dallas-Fort Worth metropolitan area, and power the expected Artificial Intelligence boom.

“We are honored that ENTRA1 has selected NuScale’s US NRC-approved SMR technology for this historic deployment in delivering power to the TVA region,” said NuScale Power Corp. (NYSE:SMR) President and CEO John Hopkins.

“ENTRA1’s team of energy and finance veterans brings exceptional value to our partnership—combining energy sales knowledge, investment and asset management capabilities, deep project finance expertise, and experience in delivering large-scale power infrastructure. Their experience is exactly what is required as we enter this critical next phase of commercializing and deploying NuScale Power Modules into ENTRA1 Energy Plants,” he added.

While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.