With bond yields moving higher amid news of the third U.S. bank to fail this year, now may not be the most ideal time to speculate. However, should you find yourself flush with pocket change collected under the sofa, you may want to consider NuScale Power (SMR). Specializing in the field of small modular reactors – or SMRs, hence the ticker symbol – NuScale may spark a paradigm shift in the broader energy ecosystem. If so, SMR stock could swing dramatically higher.
To be sure, the narrative isn’t an easy one to swallow. Financially, while NuScale benefits from strong growth and a robust balance sheet, it has a while to achieve consistent profitability. Further, the company must tackle a product evangelism obstacle given the not-so-pleasant reputation of nuclear power. Finally, SMR stock has been all over the map since its public market debut.
