NuScale Power Corp. (SMR) shares traded approximately 5% higher in pre-market activity Friday. EPA Administrator Lee Zeldin labeled small modular reactors as essential to the Trump administration's energy dominance strategy.
Zeldin’s remarks during a Fox Business interview amplified positive market sentiment for the nuclear sector. A recent executive order from President Donald Trump seeks to streamline regulations and accelerate development.
The administration set a goal to quadruple U.S. nuclear capacity by 2050. This policy shift acted as the primary catalyst for NuScale’s gains.