NuScale Power (SMR) Soars 15% on 2026 Nuclear Renaissance

We recently published 10 Stocks Powering Into 2026 With Explosive Gains. NuScale Power Corp. (NYSE:SMR) is one of the top performers on Friday. NuScale Power snapped a four-day losing streak on Friday, jumping 15.10 percent to close at $16.31 apiece as investors loaded portfolios in nuclear stocks, taking path from the Trump administration’s promise of “nuclear renaissance” in 2026. NuScale Power Corp. (NYSE:SMR) rallied alongside the overall industry after the US government promised a major policy push to revive and expand the nuclear energy industry in the US. Photo from NuScale Power's website This followed an executive order signed in May this year which called for the speedy deployment of advanced nuclear reactor technologies in the US to support national security and ramp up manufacturing. The EO included the deployment and use of reactor technologies at military installations no later than September 30, 2028; as well as in several facilities owned by the Department of Energy. While yet to commercially operate, optimism has already spilled over to small modular reactor companies such as NuScale Power Corp. (NYSE:SMR) on expectations that it would benefit from the government policies in the long run. In recent news, NuScale Power Corp. (NYSE:SMR) sought the approval of the Secretary of State of the State of Delaware for its plan to raise its authorized capital stock to 662 million shares with a par value of $0.0001 apiece, from 332 million at present. The plan has already been approved by the Board of Directors during a special meeting on Tuesday, December 16. 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. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.