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Story summary
- NuScale Power Corporation (NuScale) stock surged 20.14%, driven by strategic sales and a $32.3 million agreement with U.S. Department of Energy.
- Since its IPO in May 2022, the shares have increased by 300%.
- NuScale's small modular reactors are the only U.S. designs approved by the Nuclear Regulatory Commission, positioning the company as electricity demand rises.
- Barclays and RBC initiated coverage with positive ratings while Bank of America downgraded its outlook.
