Latest news with #smallmodularreactors
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Why Cameco, Oklo, and NuScale Power Stocks All Popped Today
Nuclear stocks of all stripes hopped higher in unison on Tuesday. As of 10:40 a.m. ET, mini-nuclear-reactor start-up Oklo (NYSE: OKLO) is up 2%, while rival small modular reactor maker NuScale Power Corporation (NYSE: SMR) is doing even better, up 8.6%. Canadian uranium miner Cameco Corporation (NYSE: CCJ) stock is also up a solid 5.8%. You can thank investment banker Goldman Sachs for this in large part, and President Trump in the other part. What Goldman is saying about nuclear power stocks On Friday, President Trump signed multiple executive orders aiming to accelerate the development of nuclear power plant construction and nuclear power adoption in the United States, as reports today. Commenting on the developments, Goldman Sachs highlighted two stocks in particular as benefiting from the series of executive orders, which cover everything from promoting domestic uranium mining and refinement to removing regulatory obstacles on nuclear power plant construction and the restarting of existing plants that have been idled. Those two stocks are Cameco and NuScale Power. As for Oklo stock, Goldman didn't highlight that one (but it's a pretty obvious corollary play on the Goldman note). Instead, Oklo is getting its own boost today after announcing that it has signed a memorandum of understanding with Korea Hydro & Nuclear Power whereby Oklo and Korea Hydro will jointly advance development and verification of Oklo's planned Aurora powerhouse at the same time that Korea Hydro develops its own "innovative domestic advanced nuclear technology, the i-SMR." Oklo already plans to run a 75 megawatt Aurora powerhouse at the Idaho National Laboratory site, and "intends to submit a formal Combined License Application (COLA) later this year" to the U.S. Nuclear Regulatory Commission. The company says it also has more than 14 gigawatts of nuclear power plants in its "growing order pipeline." The company has not yet received licenses to build these plants, however. Which nuclear stock should you buy (if any)? Reading between the lines, Oklo's press release this morning leans "fluffy" to me, describing more of a continued research and development status for the start-up, albeit now in cooperation with a big player in the industry. It's relatively good news for the stock, as Korea Hydro boasts an $11 billion annual revenue stream (versus Oklo's annual revenue of zero), which can help support Oklo's R&D efforts as it works toward commercialization of its technology. But I wouldn't consider that, in and of itself, a reason to buy the stock. I'm more intrigued by Goldman Sachs' endorsement of NuScale Power, which regularly reminds investors that it boasts "the first and only SMR [small modular reactor] to have its design certified by the U.S. Nuclear Regulatory Commission." NuScale's own revenues are de minimis at present, with less than $50 million expected this year and no profits anticipated before 2030 at the earliest, making the stock still speculative in my book -- but at least it's ahead of Oklo in this race. Perhaps the closest thing we've got to an "investable" stock in this space is Cameco. Valued in excess of $26 billion, it's bigger than Oklo and NuScale combined, and it has a well-established business in mining and importing uranium for use as nuclear fuel. Annual revenue at Cameco approaches $2.4 billion, and the company is profitable, with $181 million earned over the last 12 months -- and a respectable $504 million in annual free cash flow. That still leaves even Cameco trading at a price-to-free cash flow ratio of more than 50, however. Is that justified if the U.S. ends up going full nuclear and converting much of its power generation to atomic power? I suppose it's possible, but I personally consider it a stretch. To be painfully blunt, at today's prices, I honestly don't see a lot of potential for profit for investors in this industry, and I'd suggest you look elsewhere for bargains. That is, unless you plan to base your investment strategy on irrational exuberance. Should you invest $1,000 in Oklo right now? Before you buy stock in Oklo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Oklo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor 's total average return is957% — a market-crushing outperformance compared to167%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
Yahoo
24-05-2025
- Business
- Yahoo
Here is Why Oklo (OKLO) Surged Today
The share price of Oklo Inc. (NYSE:OKLO) surged by 23.04% on May 23, 2025. Let's shed some light on the development. Marcin Balcerzak/ Backed by OpenAI's Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States. Oklo Inc. (NYSE:OKLO) rallied on Friday after President Trump signed an executive order to boost America's nuclear energy industry by streamlining the construction of new reactors and ensuring the domestic mining and enrichment of uranium. Aimed to ensure the country's energy security, the strategic move will help meet America's rising electricity demand, which is expected to surge to record levels in 2025 and 2026 amid an increased demand from data centers powering the ongoing AI boom. The order pays special attention to small modular reactors as they are relatively more affordable, versatile, and quicker to build. This presents a significant opportunity for players like Oklo Inc. (NYSE:OKLO), as the company's Aurora Powerhouse, capable of holding up to 75 megawatts, is well-suited to meet the needs of large-scale data operators without the necessity for design alterations. Moreover, Oklo's unique business model, which involves selling power directly to consumers under long-term contracts, puts it in a strong position to generate sustained, recurring revenue and mitigate the usual challenges in nuclear project development. While we acknowledge the potential of OKLO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKLO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Here is Why Oklo (OKLO) Surged Today
The share price of Oklo Inc. (NYSE:OKLO) surged by 23.04% on May 23, 2025. Let's shed some light on the development. Marcin Balcerzak/ Backed by OpenAI's Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States. Oklo Inc. (NYSE:OKLO) rallied on Friday after President Trump signed an executive order to boost America's nuclear energy industry by streamlining the construction of new reactors and ensuring the domestic mining and enrichment of uranium. Aimed to ensure the country's energy security, the strategic move will help meet America's rising electricity demand, which is expected to surge to record levels in 2025 and 2026 amid an increased demand from data centers powering the ongoing AI boom. The order pays special attention to small modular reactors as they are relatively more affordable, versatile, and quicker to build. This presents a significant opportunity for players like Oklo Inc. (NYSE:OKLO), as the company's Aurora Powerhouse, capable of holding up to 75 megawatts, is well-suited to meet the needs of large-scale data operators without the necessity for design alterations. Moreover, Oklo's unique business model, which involves selling power directly to consumers under long-term contracts, puts it in a strong position to generate sustained, recurring revenue and mitigate the usual challenges in nuclear project development. While we acknowledge the potential of OKLO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKLO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Here is Why NuScale Power (SMR) Gained So Much Today
The share price of NuScale Power Corporation (NYSE:SMR) surged by 19.43% on May 23, 2025. Let's shed some light on the development. NuScale Power Corporation (NYSE:SMR) is a provider of proprietary advanced small modular reactor (SMR) nuclear technology. NuScale Power Corporation (NYSE:SMR) received a significant boost on Friday after President Trump signed an executive order to quadruple America's nuclear energy production by cutting down on regulations and fast-tracking new licenses for reactors and power plants. Nuclear energy has emerged as a key candidate to power the country's AI boom and its accompanying data centers, which are expected to raise the domestic power demand to record highs in 2025 and 2026. The White House has put special focus on small modular reactors, or SMRs, known for their affordability, versatility, and shorter construction times. This presents a significant opportunity for NuScale Power Corporation (NYSE:SMR) as its NuScale Power Module is the first and only SMR to receive design approval from the U.S. Nuclear Regulatory Commission. It must also be mentioned that NuScale Power Corporation (NYSE:SMR) reported strong results for its Q1 2025 last week, beating forecasts in both earnings and revenue. Notably, the company's revenue jumped by 870% during the quarter to $13.38 million, with significant potential for further growth after the recent developments. While we acknowledge the potential of SMR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SMR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Here is Why NuScale Power (SMR) Gained So Much Today
The share price of NuScale Power Corporation (NYSE:SMR) surged by 19.43% on May 23, 2025. Let's shed some light on the development. NuScale Power Corporation (NYSE:SMR) is a provider of proprietary advanced small modular reactor (SMR) nuclear technology. NuScale Power Corporation (NYSE:SMR) received a significant boost on Friday after President Trump signed an executive order to quadruple America's nuclear energy production by cutting down on regulations and fast-tracking new licenses for reactors and power plants. Nuclear energy has emerged as a key candidate to power the country's AI boom and its accompanying data centers, which are expected to raise the domestic power demand to record highs in 2025 and 2026. The White House has put special focus on small modular reactors, or SMRs, known for their affordability, versatility, and shorter construction times. This presents a significant opportunity for NuScale Power Corporation (NYSE:SMR) as its NuScale Power Module is the first and only SMR to receive design approval from the U.S. Nuclear Regulatory Commission. It must also be mentioned that NuScale Power Corporation (NYSE:SMR) reported strong results for its Q1 2025 last week, beating forecasts in both earnings and revenue. Notably, the company's revenue jumped by 870% during the quarter to $13.38 million, with significant potential for further growth after the recent developments. While we acknowledge the potential of SMR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SMR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
