NuScale Power Rallies 6.3% on Trump’s Nuclear Endorsement and Licensing Orders
NuScale Power shares jumped 6.3% Wednesday after President Trump endorsed nuclear energy at Davos and the administration issued executive orders to streamline SMR licensing. Bank of America’s upgrade of Oklo after a Meta pre-payment deal and Japan restarting its Kashiwazaki-Kariwa No.6 reactor gave investors tangible proof of advanced nuclear progress.
1. Trump Elevates Small Modular Reactors at Davos
At the 2026 World Economic Forum in Davos, President Trump advocated for small modular reactors (SMRs) as a cornerstone of U.S. energy strategy, highlighting their reliability and capacity to support advanced manufacturing and artificial intelligence growth. He cited recent executive orders that reduce regulatory hurdles by consolidating reviews and accelerating design certification for SMRs. Following his remarks, pure-play nuclear and uranium equities rallied, with NuScale Power Corp. shares rising notably in pre-market trading and several uranium miners reporting double-digit gains on heavy volume.
2. NuScale Power Stock Jumps on Execution Signals
NuScale Power stock climbed 6.3% on Wednesday after Bank of America upgraded rival Oklo, pointing to its power‐purchase agreement with Meta as proof that advanced nuclear is transitioning from concept to deployment. NuScale remains the only SMR developer with full U.S. Nuclear Regulatory Commission design approval, bolstering investor confidence. The company’s $5.4 billion market capitalization reflects growing optimism, even as analysts project that NuScale will not reach profitability until around 2030. Additional sentiment support came from Japan’s restart of the Kashiwazaki‐Kariwa No. 6 reactor—the world’s largest unit—which underscores renewed global nuclear momentum despite seismic risk concerns.