Investors are beginning to discover a company that promises to change the way carbon-free energy is produced. Its microreactors using spent fuel could open up a new market worth hundreds of billions of dollars. Within months, the stock has shot up hundreds of percent, and the market is asking: is this more short-term hype or a technology that will usher in a new era of nuclear power?

Top points of analysis

• Rapid stock growth: Since going public, the company's stock has shot up by tens of percent, reflecting growing investor interest in new nuclear technologies.
• Breakthrough technology: Microreactors capable of generating electricity from spent fuel, with a capacity of around 1-15 MW - suitable for industry, military and remote areas.
• Huge addressable market: By 2035, the small and modular reactor segment could be worth over $100 billion, with the company targeting first commercial deployments within a few years.
• Government and regulatory support: A strong partnership with the U.S.…