11 Firms Under Tech, Energy, Aviation Lead Friday Rally

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6. NuScale Power Corporation (NYSE:SMR)

Shares of NuScale Power Corporation rallied by 17.73 percent on Friday, adding 3.14 points to finish at $20.85 each following news that the company raised $227.7 million from the sale of warrants.

In addition, the company, alongside other energy firms, rose following the Department of Treasury and Internal Revenue Service’s revised rules for hydrogen production tax credits that address several key issues to help grow the industry and move projects forward.

The final rules clarify how producers of hydrogen, including those using electricity from various sources, natural gas with carbon capture, renewable natural gas (RNG), and coal mine methane can determine eligibility for the credit. To qualify for the full credit, projects must also meet prevailing wage and apprenticeship standards, continuing the Biden-Harris Administration’s commitment to putting workers at the center of the clean energy economy and ensuring clean energy jobs are good-paying jobs.

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