NuScale Power, a leading nuclear energy company, saw its stock soar 7.1% in the pre-market session on Tuesday, following former President Donald Trump's announcement of plans to declare a national energy emergency and revive domestic oil and gas production.
Trump's pledge to address inflation and lower energy costs for Americans has raised expectations of a more favorable policy environment for nuclear energy companies. His proposed actions aim to unleash new oil and gas development on federal lands and roll back Biden-era climate regulations.
Investors seem to view Trump's energy emergency plan as a potential boon for the nuclear energy sector, including NuScale Power. The company's innovative small modular reactor technology could benefit from the renewed focus on alternative energy sources and domestic energy production.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.