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WKN DE: A1CZ4H / ISIN: US65339F1012

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10.11.2024 00:06:00

NextEra Energy CEO Says NuScale Energy's Business Model Isn't Worthwhile

NuScale Power (NYSE: SMR) is an upstart looking to be at the forefront of what could be a massive overhaul of the nuclear power industry. That's the hope, anyway. However, at least one notable utility industry veteran doesn't think NuScale Power's approach to nuclear energy will work out as well as investors seem to hope right now, given the stock's rapid ascent of late (the stock is up 400% in a year!). Here's how investors should be thinking about NuScale Power.It's important to recognize right up front that NuScale Power is not for the faint of heart. First you need to believe in the long-term future of nuclear power. You also need to believe that an untested approach to generating nuclear power is likely to succeed. Then, you need to be willing to own a company that's incurring losses as it works to build a business around that untested approach. Only the most aggressive investors should be looking at NuScale Power.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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