Pulse of the Market: Wednesday’s 10 Top Performers

2. NuScale Power Corp. (NYSE:SMR)

NuScale Power grew its share prices by 11.76 percent on Wednesday to end at $18.53 each as investors reacted positively to the general optimism on the nuclear industry, supported by a state’s warm welcome to new nuclear technology investments.

Last week, Colorado passed on final reading a new bill seeking to classify nuclear investments as clean energy.

If approved by Governor Jared Polis, the proposal still would not greenlight the construction of new power plants, but it would allow future nuclear projects to contribute to Colorado’s renewable energy goals and receive grants previously only enjoyed by solar, wind, and geothermal projects.

While the bill does not have a direct impact on SMR, it signaled further progress in nuclear energy adoption in the US. Meanwhile, the Department of Energy on Monday approved the disbursement of a loan for the Palisades Nuclear Plant. Both developments signaled the dawn of the nuclear sector and benefit nuclear technology companies.