NEW YORK, January 3, 2026, 04:20 ET — Market closed.
- NuScale Power (SMR) ended Friday up about 15% after a sharp intraday swing and heavy turnover.
- Other nuclear-linked names also rose as U.S. stocks opened 2026 with a mixed but steadier tone.
- Attention turns to next week’s U.S. jobs data and any fresh customer, financing or policy headlines for advanced nuclear.
NuScale Power Corporation shares jumped 15.1% on Friday to close at $16.31, after trading between $14.33 and $16.73 on volume of about 31.1 million shares. Oklo rose 8.4%, Cameco gained 7.7% and BWX Technologies advanced 5.2% in the same session.
The move matters because NuScale sits in the “advanced nuclear” trade — a volatile corner of the market that investors use to express views on rising power demand and how fast new reactor technology can reach customers.
It also lands as traders reset positioning for 2026. “Buy the dip, sell the rip” has become the dominant mindset, Charles Schwab’s Joe Mazzola told Reuters, as investors weigh valuations and look ahead to next week’s labor-market data. 1
NuScale itself has been quiet on the news front. The company’s press release page shows its most recent updates dated Nov. 6, 2025. 2
NuScale is developing small modular reactors, or SMRs — smaller nuclear units designed to be built largely in factories and assembled on site. U.S. regulators approved NuScale’s 77-megawatt reactor design in 2025, a key step toward commercialization. 3
Supportive policy and funding signals have helped keep the sector in play. The U.S. Energy Department said in December it would provide up to $800 million to back two SMR projects led by the Tennessee Valley Authority and Holtec. 4
Friday’s surge did not erase how fast these stocks can reverse, and the wide intraday range underscored the tug-of-war between momentum buyers and profit-takers.
For NuScale, the fundamental debate is still about execution: converting interest into firm customer commitments, keeping costs and schedules credible, and navigating a long licensing and deployment timeline.
The peer moves suggest traders treated the session as a sector trade, not a single-stock event — with uranium exposure and nuclear equipment names rising alongside SMR developers.
Before the next session, the macro calendar takes center stage. Traders will be watching whether economic data shifts interest-rate expectations, which can amplify moves in high-beta thematic stocks.
Before the next session, chart watchers will also focus on whether SMR holds above Friday’s $14.33 low and whether it can challenge the $16.73 session high, levels that could frame near-term momentum.
