Why NuScale Power Stock Soared to an All-Time High Today
SMRNuScale(SMR) The Motley Fool·2024-10-17 00:45

Amazon is making waves in the nuclear energy sector. Shares of NuScale Power (SMR 32.93%), a nuclear energy company that makes small modular reactors (SMRs), were soaring Wednesday on reports that Amazon (AMZN -0.85%) is interested in using that type of reactor to meet the energy needs of its data centers. NuScale surge also seemed to be getting enhanced by a short squeeze, as a significant percentage of the company's stock is sold short. Potentially positive news like this tends to lead to shorts rushing t ...