NEW YORK, Jan 2, 2026, 1:04 PM ET — Regular session
- NuScale Power shares jumped about 13% in midday trading, outpacing the broader market.
- Other nuclear-linked names also climbed, including Oklo and Nano Nuclear Energy.
- Traders are watching next week’s U.S. labor-market data and the company’s next earnings timing.
Shares of NuScale Power Corp (NYSE:SMR) climbed on Friday, lifting the nuclear technology stock early in the first session of 2026. The shares were up 13.2% at $16.05, after touching $16.07, with about 17.6 million shares traded.
The move matters because NuScale sits in a pocket of the market where flows can dominate fundamentals for long stretches. Investors treat small modular reactor developers as a long-duration bet on future electricity demand, making the stocks sensitive to shifts in risk appetite.
Friday’s jump also stood out against a mixed tape, suggesting the bid was concentrated in theme trades rather than broad market momentum. Small caps edged up while large-cap and tech-heavy ETFs slipped.
Other nuclear and uranium-linked stocks moved higher in tandem. Oklo rose about 6.9%, Nano Nuclear Energy gained roughly 12.3%, and uranium miner Cameco added about 7.2%.
Nuclear operations also landed back in headlines overseas. Finnish operator Teollisuuden Voima said electricity production at its Olkiluoto 2 unit was interrupted after a fault during a software update triggered a “reactor trip” — an automatic shutdown designed to keep the plant safe. 1
Macro expectations remain a key swing factor for high-volatility growth stocks. “The next Fed Chair is probably going to be much more dovish than Jerome Powell,” said Dennis Dick, chief market strategist at Stock Trader Network, as investors looked ahead to next week’s U.S. labor-market data. 2
NuScale develops small modular reactors, or SMRs — smaller nuclear units designed to be built largely in factories and assembled into a full plant. The U.S. Nuclear Regulatory Commission approved NuScale’s 77-megawatt reactor design in 2025, clearing a major hurdle for its commercialization plans. 3
The company last updated investors on quarterly results on Nov. 6 and has not posted a new earnings release since then. Traders tend to focus on customer and financing updates alongside results because the company remains in the development-and-deployment phase. 4
NuScale’s investor events page currently lists no upcoming conferences. That leaves the next major scheduled catalyst as its next quarterly reporting cycle. 5
NuScale has not announced a date for fourth-quarter and full-year results, though market calendars currently project an early-March release. Investors will watch for updates on cash needs, funding plans and progress toward customer commitments. 6
With the stock trading in a wide intraday band, $16 has emerged as a near-term level traders are testing, while the prior close near $14 is the reference point for near-term support. Heavy volume points to active short-term positioning.
