NuScale Power shares are trading higher after the Biden administration announced a $275M public-private commitment to support deployment of NuScale's small modular reactor power plant in Romania.
Portfolio Pulse from Benzinga Newsdesk
NuScale Power's stock is trading higher following the Biden administration's announcement of a $275M public-private commitment to support the deployment of NuScale's small modular reactor (SMR) power plant in Romania.
May 22, 2023 | 11:52 am
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POSITIVE IMPACT
NuScale Power's stock is likely to experience a short-term increase due to the Biden administration's $275M commitment to support the deployment of its SMR power plant in Romania.
The Biden administration's $275M commitment to support NuScale Power's SMR power plant deployment in Romania is a significant development for the company. This financial support will help NuScale expand its operations and increase its market presence, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100