NuScale and GE Vernova's Nuclear Market Prospects
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2026
0mins
Source: NASDAQ.COM
- Nuclear Market Recovery: Following the Fukushima disaster in 2011, the nuclear energy market faced a decade-long decline; however, new decarbonization initiatives and safer reactor technologies are driving a recovery, with global nuclear capacity expected to expand by up to 2.6 times by 2050, indicating strong growth potential.
- NuScale's Technological Edge: NuScale's small modular reactors (SMRs) are designed to be 65 feet high and 9 feet wide, allowing for on-site assembly that significantly reduces construction time and costs for nuclear power plants, with its 50 MWe and 77 MWe designs receiving Standard Design Approvals from the U.S. Nuclear Regulatory Commission.
- GE Vernova's Diversified Strategy: As the energy division of GE, GE Vernova derived over half of its 2025 orders from its Power segment, which includes gas turbines and nuclear services, with analysts projecting revenue and adjusted EBITDA growth rates of 15% and 54% respectively from 2025 to 2028, reflecting robust market demand.
- Investment Outlook: Despite NuScale's market cap of $4 billion and a sales multiple of 45 times, analysts expect its annual revenue to triple from $88 million in 2026 to $287 million in 2028, highlighting significant future growth potential, suggesting investors consider gradually increasing their holdings in the stock now.
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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: 11.740
Low
18.50
Averages
32.77
High
60.00
Current: 11.740
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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- Nuclear Renaissance Opportunity: As AI data centers and electrification drive a nuclear revival in the U.S., the country faces a stark reality of minimal domestic uranium mining, positioning Eagle Nuclear Energy Corp. to address this supply-demand gap and highlighting its strategic significance in the nuclear market.
- Technological Partnership Progress: On June 9, 2026, Eagle announced a collaboration with Tensor Medium Corporation to leverage advanced algorithms and AI for reactor simulation and optimization, marking a significant technological advancement in reactor design and engineering support for its small modular reactor (SMR) program.
- Uranium Resource Advantage: Eagle's Aurora uranium project is recognized as hosting the largest conventional uranium resource in the U.S., with 32.75 million pounds of indicated resources and 4.98 million pounds inferred, with a pre-feasibility study targeted for completion in the second half of 2027, propelling the company towards uranium production.
- Growing Market Demand: U.S. electricity demand is projected to surge due to the rise of AI data centers, with nuclear power emerging as the preferred clean and stable energy source for tech companies and utilities, aligning Eagle's strategic positioning with this market trend.
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- Market Outlook and Competition: As U.S. uranium demand continues to rise, Eagle's dual focus on domestic uranium production and advanced reactor technology positions it favorably in the competitive landscape, despite challenges from established players like Energy Fuels and Uranium Energy.
See More
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- Supply Security Priority: Decades of underinvestment have left Western uranium supply chains heavily reliant on a few foreign suppliers, prompting a national security focus on domestic uranium production and enrichment, thereby enhancing the emphasis on local resources.
- Dual Waves of Technology: The nuclear renaissance encompasses not only traditional large reactors but also a new generation of small modular reactors (SMRs) and microreactors designed to directly power individual facilities like data centers, highlighting the significance of technological innovation in the industry.
See More
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- New Contract Announcement: The company signed a new contract with Paragon, a division of Mirion Technologies, to finalize the design of the Highly Integrated Protection System (HIPS), marking steady progress in its commercialization roadmap for small modular reactor technology.
- Rising Electricity Demand: The rally occurred against a backdrop of increasing investor sentiment towards nuclear power developers, driven by rising electricity demand from AI data centers and the growing need for reliable carbon-free baseload power, further boosting NuScale's stock price.
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See More
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- Orbital Data Center Concept: SpaceX's strategy includes establishing orbital data centers powered by solar energy to address energy supply issues; however, skepticism remains among industry experts regarding the commercial viability of this approach, potentially impacting the company's strategic execution.
- Prospects of Small Modular Reactors: With major tech firms renewing interest in nuclear energy, companies like NuScale and Oklo are focusing on developing small modular reactors (SMRs), which, while not yet commercialized, could reshape nuclear supply chains in the next decade due to their potential cost and construction advantages.
See More
