NuScale Power Corp ( SMR ) shares surged 21.4% to $21.60 on Tuesday following the release of its first-quarter earnings after Monday’s close.

What To Know: The company reported quarterly revenue of $13.4 million, significantly surpassing analysts’ expectations of $4.26 million. The revenue boost was attributed to progress on its FEED Phase 2 project and a Technology License Agreement for Romania's RoPower Doicești power plant.

NuScale reduced its quarterly operating expenses by $2.3 million year-over-year to $42.3 million, largely due to lower R&D costs as the company advances from development toward commercialization. The company’s net loss from operations narrowed to $35.3 million from $44.0 million in the same quarter last year.

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CEO John Hopkins emphasized NuScale's ongoing momentum as the only SMR provider with US NRC design approval. He noted that 12 reactor modules are already in production, with a target delivery date set for 2030.

NuScale, along with partner ENTRA1 Energy, is in advanced discussions with a range of potential customers, including governments, data centers and energy firms.

The company ended the quarter with $521.4 million in liquidity and raised $102.4 million through its ATM equity program, reinforcing its capital position as it scales operations.

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How To Buy SMR Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in NuScale Power’s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, SMR has a 52-week high of $32.30 and a 52-week low of $5.86.