Connecticut Governor Announces New England States to Explore Advanced Nuclear Energy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2026
0mins
Should l Buy SMR?
Connecticut Governor Ned Lamont announced that the governors of all six New England states have issued a joint statement outlining their regional commitment to exploring advanced nuclear energy technologies "while continuing to support the safe, affordable, and reliable operation of the region's existing nuclear facilities." The statement outlines two key next steps. First, the governors are directing their respective state energy offices to explore opportunities to ensure the continued safe, affordable, and reliable operation of the region's existing nuclear generation facilities in coordination with ISO New England, the facilities' owners, federal agencies, and other state and regional stakeholders. Second, the governors are directing state energy agencies to take steps to explore deployment of advanced nuclear generation in states and communities that express a willingness to host such resources. This includes exploring innovative financing structures, federal funding and financial support opportunities, public-private partnerships, and regulatory designs for advanced nuclear energy that will protect consumers, help meet the region's energy needs, and enable New England to capture job growth and economic development opportunities from the deployment of new nuclear technologies with advanced safety systems. Of note, electricity consumption in New England is expected to increase more than 40% over the next 20 years, according to ISO New England. Demand for electricity in the winter is expected to grow fastest. ISO New England's latest forecast shows that winter peak demand is projected to double by 2045.
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Analyst Views on SMR
Wall Street analysts forecast SMR stock price to rise
13 Analyst Rating
5 Buy
6 Hold
2 Sell
Hold
Current: 12.790
Low
18.50
Averages
32.77
High
60.00
Current: 12.790
Low
18.50
Averages
32.77
High
60.00
About SMR
NuScale Power Corporation is a provider of proprietary advanced small modular reactor (SMR) nuclear technology. The NuScale Power Module, the Company's SMR technology, is a small pressurized water reactor that can generate approximately 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross) and can be scaled to meet customer needs through an array of flexible configurations of up to 924 MWe (12 modules) of output. In addition to the sale of NPMs, it offers a diversified suite of services throughout the development and operating life of the power plant. The Company's suite of services is planned to include licensing support, testing, training, fuel supply services and program management, among others. It serves a range of customers consisting of domestic and international governments, utilities, state-owned enterprises and technology and industrial companies in need of carbon-free, reliable energy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- AI Demand Boost: With an expected $7 trillion investment in data center construction globally, nuclear companies like Oklo and NuScale may become key energy suppliers for the emerging AI industry, addressing the urgent need for renewable energy and enhancing their market value.
- Technological Advantage: The application of Small Modular Reactor (SMR) technology allows these companies to build nuclear plants at lower costs and faster speeds, likely attracting more data center operators seeking reliable energy solutions, thereby driving business growth.
- Long-Term Investment Outlook: Although Bank of America forecasts significant ramp-up in SMR capacity won't occur until 2035, Oklo and NuScale's combined market cap remains under $20 billion, suggesting a potential tenfold growth opportunity for investors willing to hold long-term.
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- Stock Price Fluctuation: NuScale Power's shares have declined by 22% since the beginning of 2026, despite a 40% rebound over the past two weeks, indicating market caution regarding the long-term potential of its small modular reactor technology.
- Upcoming Earnings Report: The quarterly earnings report expected on May 7 is anticipated to reveal important updates on the project pipeline and potential customer signings, which are crucial for investors to gauge the company's future trajectory.
- Industry Conference Presentation: On June 2, NuScale Power will present at a conference hosted by the Royal Bank of Canada, allowing management to showcase the overall business strategy rather than just specific financial figures, which could enhance investor confidence.
- Long-Term Growth Drivers: Management needs to focus on the rising electricity demand and the challenges posed by the current grid's limitations, especially in negotiations with five tier-one hyperscalers, as successfully converting these potential sales streams will be critical.
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- Stock Volatility: NuScale Power's shares have declined by 22% since the beginning of 2026, despite a 40% rebound in the past two weeks, indicating market caution regarding the long-term potential of its small modular reactor technology.
- Upcoming Earnings Report: The latest quarterly earnings report, expected on May 7, is anticipated to reveal updates on the project pipeline and the conversion of potential customers into signed partnerships, which is crucial for improving market sentiment.
- Industry Conference Presentation: On June 2, NuScale Power will present at a conference hosted by the Royal Bank of Canada, allowing management to emphasize long-term growth drivers, particularly the rising demand for electricity, without delving into specific reported numbers.
- Strategic Partnership Progress: The CEO disclosed that the company has signed five exploratory NDAs with
See More
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- Competitive Landscape: In contrast to NuScale Power, Oklo's market cap hovers around $11 billion, nearly three times that of NuScale, reflecting market recognition of Oklo's technology and leadership, particularly following Sam Altman's involvement which has provided a strategic advantage.
- Growing Customer Demand: Oklo's customer base is primarily composed of data centers and AI startups, with expectations that energy needs will double by 2030, creating substantial market demand for Oklo's SMR technology and further enhancing its growth potential.
- Design Strategy Differences: NuScale Power's SMR designs target utility-scale deployments capable of generating 6 gigawatts, while Oklo focuses on smaller applications ranging from 15 to 50 megawatts, making it better suited for direct adoption by data centers, highlighting significant differences in market positioning between the two companies.
See More
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- Competitive Landscape: Oklo's market cap hovers around $11 billion, nearly three times that of NuScale, and while both companies are pre-revenue, Oklo's premium valuation is largely attributed to the influence of its chairman, Sam Altman, reflecting investor confidence in its future development.
- Technology Application Differences: NuScale's SMR designs are primarily targeted at utility-scale deployments, capable of generating 6 gigawatts of power per project, whereas Oklo focuses on smaller applications suitable for specific customers like data centers, highlighting a significant divergence in market positioning between the two companies.
- Cautious Investment Advice: Although NuScale Power is considered a promising SMR stock, analysts have noted that it did not make the current list of top investment stocks, suggesting that investors should carefully assess its long-term investment value.
See More
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- Future Growth Potential: Brookfield aims to double its business size from 2025 to 2030, targeting $1.2 trillion in fee-bearing capital and $5.9 billion in distributable earnings, with the nuclear market's expansion expected to directly enhance its future dividend growth prospects.
See More
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- Market Recovery Signal: Both Oklo and NuScale have seen their stock prices surge over 30% in recent months, despite earlier declines of over 40% this year, indicating a growing market confidence in the nuclear sector's recovery.
- AI Demand Boost: With an expected $7 trillion investment in data center construction globally, nuclear companies like Oklo and NuScale may become key energy suppliers for the emerging AI industry, addressing the urgent need for renewable energy and enhancing their market value.
- Technological Advantage: The application of Small Modular Reactor (SMR) technology allows these companies to build nuclear plants at lower costs and faster speeds, likely attracting more data center operators seeking reliable energy solutions, thereby driving business growth.
- Long-Term Investment Outlook: Although Bank of America forecasts significant ramp-up in SMR capacity won't occur until 2035, Oklo and NuScale's combined market cap remains under $20 billion, suggesting a potential tenfold growth opportunity for investors willing to hold long-term.
See More
NuScale Power Faces Major Investment Opportunities Ahead
- Stock Price Fluctuation: NuScale Power's shares have declined by 22% since the beginning of 2026, despite a 40% rebound over the past two weeks, indicating market caution regarding the long-term potential of its small modular reactor technology.
- Upcoming Earnings Report: The quarterly earnings report expected on May 7 is anticipated to reveal important updates on the project pipeline and potential customer signings, which are crucial for investors to gauge the company's future trajectory.
- Industry Conference Presentation: On June 2, NuScale Power will present at a conference hosted by the Royal Bank of Canada, allowing management to showcase the overall business strategy rather than just specific financial figures, which could enhance investor confidence.
- Long-Term Growth Drivers: Management needs to focus on the rising electricity demand and the challenges posed by the current grid's limitations, especially in negotiations with five tier-one hyperscalers, as successfully converting these potential sales streams will be critical.
See More
NuScale Power Faces Investor Sentiment Challenges
- Stock Volatility: NuScale Power's shares have declined by 22% since the beginning of 2026, despite a 40% rebound in the past two weeks, indicating market caution regarding the long-term potential of its small modular reactor technology.
- Upcoming Earnings Report: The latest quarterly earnings report, expected on May 7, is anticipated to reveal updates on the project pipeline and the conversion of potential customers into signed partnerships, which is crucial for improving market sentiment.
- Industry Conference Presentation: On June 2, NuScale Power will present at a conference hosted by the Royal Bank of Canada, allowing management to emphasize long-term growth drivers, particularly the rising demand for electricity, without delving into specific reported numbers.
- Strategic Partnership Progress: The CEO disclosed that the company has signed five exploratory NDAs with
See More
NuScale Power Faces Massive Growth Potential in SMR Market
- Massive Market Opportunity: NuScale Power's market cap is currently below $4 billion, yet experts believe the company is pursuing a $10 trillion global opportunity in the small modular reactor (SMR) sector, indicating significant long-term investment potential.
- Competitive Landscape: In contrast to NuScale Power, Oklo's market cap hovers around $11 billion, nearly three times that of NuScale, reflecting market recognition of Oklo's technology and leadership, particularly following Sam Altman's involvement which has provided a strategic advantage.
- Growing Customer Demand: Oklo's customer base is primarily composed of data centers and AI startups, with expectations that energy needs will double by 2030, creating substantial market demand for Oklo's SMR technology and further enhancing its growth potential.
- Design Strategy Differences: NuScale Power's SMR designs target utility-scale deployments capable of generating 6 gigawatts, while Oklo focuses on smaller applications ranging from 15 to 50 megawatts, making it better suited for direct adoption by data centers, highlighting significant differences in market positioning between the two companies.
See More
The Promising Future of Small Modular Reactors
- Market Opportunity: NuScale Power's market cap is currently below $4 billion, yet it aims to chase a global market opportunity worth up to $10 trillion, indicating significant growth potential in the small modular reactor (SMR) sector.
- Competitive Landscape: Oklo's market cap hovers around $11 billion, nearly three times that of NuScale, and while both companies are pre-revenue, Oklo's premium valuation is largely attributed to the influence of its chairman, Sam Altman, reflecting investor confidence in its future development.
- Technology Application Differences: NuScale's SMR designs are primarily targeted at utility-scale deployments, capable of generating 6 gigawatts of power per project, whereas Oklo focuses on smaller applications suitable for specific customers like data centers, highlighting a significant divergence in market positioning between the two companies.
- Cautious Investment Advice: Although NuScale Power is considered a promising SMR stock, analysts have noted that it did not make the current list of top investment stocks, suggesting that investors should carefully assess its long-term investment value.
See More
Brookfield Asset Management Eyes Nuclear Market Growth
- Nuclear Market Recovery: Following a decade of stagnation post-Fukushima, the nuclear sector is witnessing a resurgence, with the IAEA projecting a 2.6-fold increase in global nuclear capacity by 2050, indicating strong market recovery potential driven by renewed investments in nuclear projects.
- Strategic Investment by Brookfield: Brookfield Asset Management's acquisition of a 51% stake in Westinghouse, in partnership with uranium miner Cameco, not only strengthens its position in the nuclear sector but also lays a solid foundation for future revenue growth in a booming market.
- Robust Financial Performance: Brookfield's fee-bearing capital reached $457 billion in 2023, up from $418 billion in 2022, and is projected to grow to $603 billion by 2025, reflecting its strong appeal and stability in the alternative investment space amid macroeconomic challenges.
- Future Growth Potential: Brookfield aims to double its business size from 2025 to 2030, targeting $1.2 trillion in fee-bearing capital and $5.9 billion in distributable earnings, with the nuclear market's expansion expected to directly enhance its future dividend growth prospects.
See More
