Doosan Enerbility shares jump on W2tr NuScale deal


Doosan Enerbility, a Korean nuclear power plant builder, experienced a significant increase in its stock price, rising by over 16 percent following reports that it is likely to secure orders worth over $1.46 billion for NuScale Power's small modular reactor project in the US. The surge in its stock price resulted in reaching a 52-week high during trading hours. The report indicated that NuScale Power is expected to supply 24 small modular reactors to Standard Power, a leading information technology infrastructure company, with the agreement anticipated to be finalized in the first half of the year. Doosan Enerbility confirmed ongoing discussions with NuScale but expressed caution regarding the reported figures, describing them as speculative and based on vague estimates. Despite the uncertainty, the potential order could have a significant impact on the small modular reactor market and nuclear power companies like Doosan Enerbility. Doosan had previously invested $104 million in NuScale and established the world's first dedicated small modular reactor production line, indicating its commitment to the sector's development and growth.


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