NuScale Power Corp. (NYSE: SMR) has been identified as one of the 12 best industrial stocks carrying more than 50% upside potential by analysts tracking the sector.
The company secured a significant contract on June 17, awarding Paragon the work needed to complete the design of its Highly Integrated Protection System for the NuScale Power Module.
The United States Nuclear Regulatory Commission has already issued approval for an SMR design specifically tailored to NuScale, providing a major regulatory foundation for the company’s growth ambitions.
Under the terms of the agreement, Paragon will finalize the remaining design work and complete engineering on three critical HIPS-based control and instrumentation systems central to reactor operations.
The contract covers the Plant Protection System, which oversees non-safety operations including control room HVAC, giving operators an important layer of operational management.
Also included is the Safety Display and Indication System, which feeds operators vital post-accident plant data, alongside the Module Protection System, which safeguards each individual reactor module.
The agreement further stipulates Independent Verification and Validation services for Module Protection System development, designed to support the validation of safety-critical programs across nuclear applications.
NuScale President and CEO John Hopkins acknowledged Paragon’s critical role in building the HIPS technology, noting the partnership has strengthened the company’s underlying control systems.
Hopkins stated: “This partnership helps us to achieve the goal of delivering reliable, carbon-free power to our customers while ensuring the highest level of safety.”
NuScale Power Corp. is focused on small modular reactor technology solutions and offers the NuScale Power Module, a 77 MWe light water nuclear reactor serving as the centerpiece of its product lineup.
Beyond its flagship reactor module, the company also delivers construction, operation, design, licensing, and maintenance services for power plants, broadening its revenue base across the nuclear energy lifecycle.
The stock’s identification among top industrial picks with significant upside reflects growing investor interest in clean energy infrastructure and the expanding role of small modular reactor technology in the global power sector.
