Latest news with #NuclearRegulatoryCommission
Yahoo
2 days ago
- Business
- Yahoo
Citi Starts Coverage of NuScale Power (SMR) Stock, Gives Neutral
NuScale Power Corporation (NYSE:SMR) is one of the 10 Unstoppable Stocks to Buy According to Hedge Funds. On June 23, Citi analyst Vikram Bagri began coverage of the company's stock with a 'Neutral' rating and a price objective of $46. The company possesses a first-mover advantage in the industry, which is aided by increased power demand due to the data centers and AI. A Nuclear power plant with all its safety & security protocols in place. Notably, NuScale Power Corporation (NYSE:SMR)'s unrated and approved 77 MW design, modular technology, relationship with Fluor, supply chain partnerships, and no HALEU dependence place it well amidst competition, while new contract announcements remain on the horizon, added the analyst. However, it was also pointed out that significant execution risks are there, while the stock appears to be pricing nearly 50 GW of installs by 2040, added Bagri. NuScale Power Corporation (NYSE:SMR) announced that it has received design approval from the US Nuclear Regulatory Commission for the uprated 250 MWt (77 MWe) NuScale Power Modules. In Q1 2025, the company's revenue rose $12.0 million to $13.4 million compared to $1.4 million. This rise was due to revenues generated from FEED Phase 2 project as well as the Technology License Agreement for the RoPower Doicești power plant. 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: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now 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
Asharq Al-Awsat
6 days ago
- Politics
- Asharq Al-Awsat
Saudi Arabia: 'No Radioactive Effects' Detected in Gulf after US Strikes on Iran
Saudi regulatory authorities said Sunday that "no radioactive effects were detected" in the Gulf region after US strikes on Iran's nuclear facilities. "No radioactive effects were detected on the environment of the Kingdom and the Arab Gulf states as a result of the American military targeting of Iran's nuclear facilities," the Kingdom's Nuclear and Radiological Regulatory Commission wrote in a post on X. The Atomic Energy Organization of Iran confirmed that attacks took place on its Fordo, Isfahan and Natanz sites. Iran said there were no signs of radioactive contamination at the three locations and no danger to nearby residents.
Yahoo
6 days ago
- Politics
- Yahoo
Saudi Nuclear Agency Says No Radioactive Contamination Detected From Iran
Saudi Arabia's Nuclear and Radiological Regulatory Commission says no radioactive effects have been detected in Saudi Arabia and other Arab states in the Persian Gulf following U.S. strikes on neighboring Iran's nuclear sites.
Yahoo
7 days ago
- Politics
- Yahoo
Nuclear waste in Texas? What to know about latest Supreme Court ruling that allows it
In a recent ruling, the Supreme Court has made it easier to consider the possibility of nuclear waste storage on the Texas-New Mexico border. The high court rejected challenges to a nuclear waste storage site in the area on Wednesday, June 18, marking a victory for the federal government after a decade of legal wrangling by the state of Texas and the oil industry. The ruling, in a 6-3 decision, noted that they cannot challenge the Nuclear Regulatory Commission's approval of the site because they "hadn't sufficiently participated in the commission's licensing proceedings." Three conservative justices − Neil Gorsuch, Clarence Thomas and Samuel Alito − dissented. The Texas and oil industry objected, to no avail, to the waste being stored above ground in the Permian Basin, a prominent oil field region known for its underpopulated, wide-open spaces in southwestern Texas. In 2021, the commission approved temporary storage sites in Texas due to nuclear power plants running out of space, and the planned permanent underground storage facility in Nevada's Yucca Mountain. The federal government argued the storage was temporary while a permanent location was constructed. According to USA reporting, Nevada's Yucca Mountain was the only authorized site where the Department of Energy could permanently store spent nuclear fuel; the Obama administration effectively nixed the project over political and environmental concerns. No timeline was provided for when such waste could be stored in the region. The Trump administration publicly defended the Nuclear Regulatory Commission's authority to approve temporary sites and noted it will try to revive the Yucca Mountain option as a place to store nuclear waste. Beginning in the 1950s, the U.S. began large-scale nuclear power generation using nuclear fuel in reactors, along with an ongoing political debate over the disposal of spent fuel, once it can no longer efficiently generate electricity. The 1982 Nuclear Waste Policy Act established a permanent repository for nuclear power plant waste, which is still considered hazardous for thousands of years. USA Today contributed to this story. Kristian Jaime is the Top Story Reporter for the El Paso Times and is reachable at Kjaime@ This article originally appeared on El Paso Times: Nuclear waste in Texas? What to know about Supreme Court ruling
LBCI
20-06-2025
- Politics
- LBCI
Saudi Nuclear Regulatory Authority: Any attack on civilian nuclear facilities violates international resolutions
Saudi Arabia's Nuclear and Radiological Regulatory Commission said on Friday that any military attacks on civilian nuclear facilities constitute a violation of international law, following Israeli strikes on Iranian nuclear sites amid the ongoing aerial conflict between the two sides. 'Any armed attack by any party, or any threat targeting nuclear facilities designated for peaceful purposes, is a violation of international resolutions, the principles of the United Nations Charter, international law, and the Statute of the International Atomic Energy Agency,' the commission said in a statement. AFP
