NuScale Power (SMR) stock is soaring 5.52% in pre-market trading on Tuesday, continuing its upward momentum from the previous day's 5.75% gain. This significant surge comes as part of a broader rally in nuclear energy stocks, reflecting growing investor confidence in the sector.

The nuclear energy industry is experiencing a resurgence of interest, with several companies in the sector seeing substantial gains. Energy Fuels led the pack with an 11% increase, while other firms like NANO Nuclear Energy and Oklo also posted notable gains. This collective upward movement suggests a shift in market sentiment towards nuclear power as a viable and attractive energy solution.

The rally in nuclear stocks appears to be fueled by recent supportive government actions and positive analyst outlooks. President Donald Trump's signing of a sweeping executive order aimed at rebuilding America's nuclear energy capacity has injected optimism into the sector. The order outlines an aggressive roadmap for the industry, including goals to have 10 new large-scale reactors under construction by 2030. Additionally, Goldman Sachs analyst Brian Lee maintained a constructive view on the nuclear opportunity, citing potential long-term tailwinds for companies in the nuclear fuel supply chain. These factors, combined with growing global energy demands and efforts to reduce carbon emissions, are contributing to the positive outlook for NuScale Power and its peers in the nuclear energy industry.