Why NuScale Power Stock Jumped 28% to an All-Time High This Week

NuScale Power (NYSE: SMR) stock is unstoppable -- it surged 28% this week to an all-time high of $29.52 per share at its highest point in trading through Friday noon, according to data provided by S&P Global Market Intelligence.The nuclear energy stock is now up a whopping 50% in November, after rallying 65% in October. Why is NuScale Power stock soaring higher and higher?Investors in NuScale Power are betting big on the company's potential growth as the U.S. continues to take measures to boost the domestic nuclear energy industry. Last week, the White House announced its intention to "at least" triple U.S. nuclear energy production by 2050. Plans include supporting the development of small modular reactors (SMRs).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool