Interest in nuclear solutions is growing, especially from well-capitalized sectors.
Some exciting news from peers injected some life into NuScale Power (SMR 6.09%) stock on the first trading day of the week. Investors rushed into NuScale stock, sending the stock up more than 6% over the trading session. By comparison, the benchmark S&P 500 index rose just 0.8% on the day.
Google enters nuclear game with Kairos Power
The news comes from privately held Kairos Power, which reported Monday that it has signed a development deal with Alphabet Inc.’s Google. A well-known technology company and a nuclear solutions provider are partnering to launch a series of nuclear projects totaling 500 megawatts of power. These should be in place by 2035, Kairos said.
NuScale doesn’t exactly benefit from this thrilling news, but it does add a little bit to the company’s wheelhouse. The company develops small modular reactors (SMRs, hence its ticker symbol) that can be manufactured in pieces and assembled on-site for customers. For clients with resource and time constraints, this can be a very attractive solution.
The Google and Kairos news comes on the heels of similar nuclear agreements signed by other tech giants, namely Microsoft and Oracle.
I need more energy, please
Recently, the demand for energy has been increasing, especially from the power-hungry technology sector, and with it the need for power generation solutions. NuScale Power successfully addresses this dynamic by providing a cost-effective and resource-saving solution. We wouldn’t be surprised if the company signs its own development deal (or several) with well-known names in the tech industry.
Suzanne Frey, an Alphabet executive, is a member of the Motley Fool’s board of directors. Eric Volkman has no position in any stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Microsoft, and Oracle. The Motley Fool recommends NuScale Power and recommends the following options: A long January 2026 $395 call on Microsoft and a short January 2026 $405 call on Microsoft. The Motley Fool has a disclosure policy.
