6 hours Ago By Insider Monkey
We recently published a list of These 10 Firms Were Thursday’s Top Performers . In this article, we are going to take a look at where Nuscale Power Corporation (NYSE:SMR) stands against other firms that were Thursday’s top performers. Wall Street’s main indices closed higher again on Thursday, with the Dow eking out a 0.
92-percent gain, while the S&P 500 and Nasdaq Composite grew 0.53 percent and 0.22 percent, respectively.
Ten companies, predominantly under the health, energy, and technology sectors—mirrored the gains on the back of stronger earnings performance and other catalysts fueling buying appetite. Thursday’s top advancers only considered the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume. A Nuclear power plant with all its safety & security protocols in place.
Nuscale Power Corporation (NYSE:SMR) Nuscale Power Corporation (NYSE:SMR) saw its share prices grow by 13.73 percent to close at $29.08 apiece as investors bought up on shares on optimism that the energy industry, in general, will bolster under the Trump administration.
In related news, Nuscale (NYSE:SMR) also earned a boost from a report by the International Energy Agency (IEA), posting a bullish outlook for the nuclear power sector at large, specifically small modular reactors (SMR), which Nuscale Power Corp. (NYSE:SMR) is betting on as being particularly promising. At his inauguration on Monday, President Donald Trump said last week that the US would bank on the energy industry to bolster US manufacturing, indicating that the sector is poised for a boom over the next few years.
According to IEA, Nuscale Power’s SMRs in particular offer exciting growth potential. Overall, SMR ranks 4th on our list of firms that were Thursday’s top performers. While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame.
If you are looking for an AI stock that is more promising than SMR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey .
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