Shares of NuScale Power Corporation (SMR) are surging more than 18% Friday morning after the company said Standard Power, a provider of infrastructure as a service to advanced data processing companies, chose NuScale's SMR Technology.
NuScale will provide its NuScale SMR (small modular reactor) technology, the only SMR technology that has received design approval from the US Nuclear Regulatory Commission, to develop two small modular reactor (SMR)-powered facilities by Standard Power. The facilities, to be located in Ohio and Pennsylvania, are expected to produce 2GW clean, carbon free-energy to power nearby data centers.
SMR, currently at $5.56, has traded in the range of $4.47 - $12.36 in the last 52 weeks.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.