Could the U.S. Army partner with NuScale Power for small modular nuclear reactors?
Shares of NuScale Power ( SMR 16.36% ) surged 22.6% in early Wednesday trading and was still holding up about 10% through 1:20 p.m. ET. With today's gains, the nuclear energy stock has rallied over 25% just this week, as of this writing.
Today's catalyst for NuScale Power stock is a major announcement from none other than the U.S. Department of Army.
The Army will deploy small nuclear reactors
The U.S. army has announced a "next-generation" nuclear power program called the Janus Program, which aims to deploy nuclear microreactors at military bases across the globe to generate steady, reliable power. Army Secretary Dan Driscoll and Energy Secretary Chris Wright announced the program at the Ass