Nuclear Energy Renaissance: Should You Buy NuScale Power Stock?

We are entering a nuclear energy generation renaissance. Companies and governments around the world are building and restarting nuclear power plants after realizing they are perfect for the growth in electricity demand that is coming from artificial intelligence (AI) and electric cars. It is curious that environmental groups have opposed nuclear energy for decades despite the fact that it produces nearly zero carbon emissions after construction. However, it looks like the world is finally on the same page in regard to the usefulness of this energy type.Tens of billions are going to be spent on nuclear power in the next few decades, but there are few publicly traded nuclear energy stocks one can buy. One, NuScale Power Corp (NYSE: SMR), plans to disrupt the market with its new small modular reactors (SMRs). Its shares are up close to 500% this year as investors pile into the nuclear energy trade. Should you follow them and buy some shares yourself?It is important to understand why there is a growing demand for nuclear energy -- it's mainly coming from two areas that require a lot of electricity. First is electric cars. Electric vehicles are now 19% of new automotive sales in the United States, up from basically zero a decade ago. This is a huge transition for the automotive market, which will transition the power source from gasoline to electricity, meaning the sector will eat up more and more electric power generation in the years to come.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool