NuScale Power Misses Earnings Estimates, Stock Down 30%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy SMR?
Source: Fool
- Earnings Miss: NuScale Power's latest earnings report revealed a significant miss on both sales and earnings, primarily due to a $507 million accounting hit from an expected milestone payment, resulting in a more than 30% decline in stock value.
- Project Pipeline Update: Although NuScale Power's project pipeline has struggled recently, with the largest project's start date pushed from 2030 to 2033 or 2034, the collaboration agreement with ENTRA1 and TVA holds promise, and converting this into firm orders could positively impact stock prices.
- Growing Data Center Demand: The company anticipates that U.S. data center power demand will surge from 25 GW in 2024 to over 80 GW by 2030, necessitating over $500 billion in investment, which presents a significant market opportunity for NuScale Power's SMR technology.
- Customer Conversion Challenges: Despite signing five exploratory NDAs with tier one hyperscalers, NuScale Power has yet to secure any new data center customers as of 2026, and management's insights on the anticipated spending spree from AI operators will significantly influence stock price movements.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy SMR?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on SMR
Wall Street analysts forecast SMR stock price to rise
13 Analyst Rating
5 Buy
6 Hold
2 Sell
Hold
Current: 9.300
Low
18.50
Averages
32.77
High
60.00
Current: 9.300
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.
NuScale Power Set for Major Earnings Announcement on May 7, 2026
- Earnings Announcement Date: NuScale Power is set to announce its next quarterly earnings on May 7, 2026, which could be the most significant earnings report for the nuclear stock in years, prompting investors to pay close attention.
- Project Pipeline Updates: Specializing in small modular reactors (SMRs) with a power capacity of up to 300 MW per unit, NuScale aims to meet the rising energy demand, particularly from AI data centers, which is becoming increasingly critical.
- Market Competition Landscape: While NuScale has signed promising contracts with ENTRA1 and the Tennessee Valley Authority, it has yet to secure any major data center deals this year, in contrast to competitor Oklo, which has booked several significant data center contracts.
- Long-Term Growth Potential: With an expected addition of 18GW of nuclear capacity annually until 2040, and SMR construction not anticipated to accelerate until 2035, NuScale's long-term growth potential remains substantial, especially with its current valuation at just $3.1 billion, appealing to patient investors.
See More
Nuclear Companies Poised to Benefit from AI Data Center Demand
- Nuclear Renaissance Opportunity: Analysts believe the upcoming nuclear renaissance represents a $10 trillion market opportunity, as the rapid buildout of global AI data center infrastructure will significantly increase demand for nuclear energy, driving growth for related companies.
- Oklo's Market Positioning: Oklo focuses on providing small modular reactors suited for data center needs, having signed a deal with Meta Platforms for a 1.2GW system expected to come online by 2030, showcasing its strategic advantage in the AI revolution.
- NuScale's Project Progress: NuScale Power has a deal with the Tennessee Valley Authority to deploy a 6GW system, although specific timelines are still pending, its potential in large utility-scale projects continues to attract investor interest.
- Industry Leader Support: Sam Altman, founder of OpenAI, served as chairman of Oklo, indicating the company's influence and credibility in the AI data center sector, further enhancing its appeal as an investment choice.
See More
SpaceX Plans to Launch One Million Data Centers into Orbit
- Space Data Center Vision: SpaceX has filed an application to launch up to one million data centers into Earth's orbit, a goal unprecedented in scale, which may also serve to generate hype for a potential IPO while supporting the AI revolution.
- Nuclear Renaissance Opportunity: Analysts at Bank of America project that the upcoming nuclear renaissance could represent a $10 trillion market opportunity, likely benefiting nuclear innovators like Oklo and NuScale Power.
- Oklo's Market Positioning: Oklo focuses on small modular reactors and has signed a deal with Meta Platforms for a 1.2GW system expected to be operational by 2030, positioning itself to meet the rising energy demands of AI data centers effectively.
- Investment Choice Analysis: Among nuclear stocks, Oklo is viewed as the superior choice due to its business model being more aligned with the needs of AI data centers, especially given the background of OpenAI's founder having served as its chairman.
See More
Oklo Faces Challenges as Nuclear Start-Up Struggles
- Market Decline: Oklo's stock has plummeted over 40% in 2026, with a $10,000 investment at its peak now worth only $2,840, indicating severe market skepticism regarding its future profitability.
- Significant Regulatory Risks: Despite attention on Oklo's innovative design in the nuclear sector, the commercial viability of its micro nuclear reactor remains untested, compounded by stringent regulatory approvals that have prevented revenue generation, increasing investment uncertainty.
- Competitor Advantage: Oklo's market cap of $8 billion far exceeds NuScale Power's $3 billion, which has received Nuclear Regulatory Commission approval, reflecting excessive optimism and hype surrounding Oklo compared to its more established competitor.
- Investor Confidence Lacking: Although Oklo has partnered with the Department of Energy to expedite its licensing process and had approximately $788 million in funding at the end of 2025, investor confidence remains low amid high interest rates and increasing competition, suggesting a preference for nuclear ETFs over a single pre-revenue company like Oklo.
See More
SpaceX Plans to Launch One Million Data Centers into Orbit
- Space Data Center Vision: SpaceX's application to launch up to one million data centers into Earth's orbit represents an unprecedented initiative aimed at harnessing limitless solar energy in space to reduce cooling costs, thereby facilitating the global buildout of AI infrastructure.
- Nuclear Investment Opportunity: Bank of America analysts project that the upcoming nuclear renaissance could represent a $10 trillion market opportunity, with nuclear innovators like Oklo and NuScale Power poised to benefit directly from this trend, making them attractive options for aggressive growth investors.
- Comparison of Oklo and NuScale: While both companies focus on small modular reactor technology, Oklo's strategy is more aligned with data center needs, having signed a deal with Meta Platforms for a 1.2GW system expected to come online by 2030, highlighting its advantageous market positioning.
- Nuclear Choice for AI Revolution: In light of the rising energy demands of the AI data center industry, Oklo's business model is more targeted, and its former chairman, Sam Altman, underscores its significance in the AI sector.
See More
Oklo Stock Plummets 40%, Raising Market Concerns
- Market Sentiment Shift: Oklo's stock has plummeted over 40% in 2026, with a $10,000 investment at its peak now worth about $2,840, indicating severe market skepticism regarding its future profitability and investor concerns about the commercial viability of its micro nuclear reactor.
- Intensifying Competition: Despite Oklo's $8 billion market cap, its competitor NuScale Power, with a $3 billion valuation, has received approval from the Nuclear Regulatory Commission, highlighting Oklo's disadvantage in regulatory progress and diminishing market confidence in its future.
- Profitability Uncertainty: The concept of Oklo's micro nuclear reactor has yet to be implemented at a commercial scale, leading to significant investor doubts about its ability to generate revenue that meaningfully exceeds operating costs and attract a sufficient customer base, raising questions about its investment value.
- Investment Strategy Shift: Given the high interest rates and increasing competition, analysts suggest that investors would be wiser to invest in nuclear energy ETFs rather than a pre-revenue company like Oklo, reflecting a cautious market attitude towards Oklo's future development.
See More
NuScale Power Set for Major Earnings Announcement on May 7, 2026
- Earnings Announcement Date: NuScale Power is set to announce its next quarterly earnings on May 7, 2026, which could be the most significant earnings report for the nuclear stock in years, prompting investors to pay close attention.
- Project Pipeline Updates: Specializing in small modular reactors (SMRs) with a power capacity of up to 300 MW per unit, NuScale aims to meet the rising energy demand, particularly from AI data centers, which is becoming increasingly critical.
- Market Competition Landscape: While NuScale has signed promising contracts with ENTRA1 and the Tennessee Valley Authority, it has yet to secure any major data center deals this year, in contrast to competitor Oklo, which has booked several significant data center contracts.
- Long-Term Growth Potential: With an expected addition of 18GW of nuclear capacity annually until 2040, and SMR construction not anticipated to accelerate until 2035, NuScale's long-term growth potential remains substantial, especially with its current valuation at just $3.1 billion, appealing to patient investors.
See More
Nuclear Companies Poised to Benefit from AI Data Center Demand
- Nuclear Renaissance Opportunity: Analysts believe the upcoming nuclear renaissance represents a $10 trillion market opportunity, as the rapid buildout of global AI data center infrastructure will significantly increase demand for nuclear energy, driving growth for related companies.
- Oklo's Market Positioning: Oklo focuses on providing small modular reactors suited for data center needs, having signed a deal with Meta Platforms for a 1.2GW system expected to come online by 2030, showcasing its strategic advantage in the AI revolution.
- NuScale's Project Progress: NuScale Power has a deal with the Tennessee Valley Authority to deploy a 6GW system, although specific timelines are still pending, its potential in large utility-scale projects continues to attract investor interest.
- Industry Leader Support: Sam Altman, founder of OpenAI, served as chairman of Oklo, indicating the company's influence and credibility in the AI data center sector, further enhancing its appeal as an investment choice.
See More
SpaceX Plans to Launch One Million Data Centers into Orbit
- Space Data Center Vision: SpaceX has filed an application to launch up to one million data centers into Earth's orbit, a goal unprecedented in scale, which may also serve to generate hype for a potential IPO while supporting the AI revolution.
- Nuclear Renaissance Opportunity: Analysts at Bank of America project that the upcoming nuclear renaissance could represent a $10 trillion market opportunity, likely benefiting nuclear innovators like Oklo and NuScale Power.
- Oklo's Market Positioning: Oklo focuses on small modular reactors and has signed a deal with Meta Platforms for a 1.2GW system expected to be operational by 2030, positioning itself to meet the rising energy demands of AI data centers effectively.
- Investment Choice Analysis: Among nuclear stocks, Oklo is viewed as the superior choice due to its business model being more aligned with the needs of AI data centers, especially given the background of OpenAI's founder having served as its chairman.
See More
Oklo Faces Challenges as Nuclear Start-Up Struggles
- Market Decline: Oklo's stock has plummeted over 40% in 2026, with a $10,000 investment at its peak now worth only $2,840, indicating severe market skepticism regarding its future profitability.
- Significant Regulatory Risks: Despite attention on Oklo's innovative design in the nuclear sector, the commercial viability of its micro nuclear reactor remains untested, compounded by stringent regulatory approvals that have prevented revenue generation, increasing investment uncertainty.
- Competitor Advantage: Oklo's market cap of $8 billion far exceeds NuScale Power's $3 billion, which has received Nuclear Regulatory Commission approval, reflecting excessive optimism and hype surrounding Oklo compared to its more established competitor.
- Investor Confidence Lacking: Although Oklo has partnered with the Department of Energy to expedite its licensing process and had approximately $788 million in funding at the end of 2025, investor confidence remains low amid high interest rates and increasing competition, suggesting a preference for nuclear ETFs over a single pre-revenue company like Oklo.
See More
SpaceX Plans to Launch One Million Data Centers into Orbit
- Space Data Center Vision: SpaceX's application to launch up to one million data centers into Earth's orbit represents an unprecedented initiative aimed at harnessing limitless solar energy in space to reduce cooling costs, thereby facilitating the global buildout of AI infrastructure.
- Nuclear Investment Opportunity: Bank of America analysts project that the upcoming nuclear renaissance could represent a $10 trillion market opportunity, with nuclear innovators like Oklo and NuScale Power poised to benefit directly from this trend, making them attractive options for aggressive growth investors.
- Comparison of Oklo and NuScale: While both companies focus on small modular reactor technology, Oklo's strategy is more aligned with data center needs, having signed a deal with Meta Platforms for a 1.2GW system expected to come online by 2030, highlighting its advantageous market positioning.
- Nuclear Choice for AI Revolution: In light of the rising energy demands of the AI data center industry, Oklo's business model is more targeted, and its former chairman, Sam Altman, underscores its significance in the AI sector.
See More
Oklo Stock Plummets 40%, Raising Market Concerns
- Market Sentiment Shift: Oklo's stock has plummeted over 40% in 2026, with a $10,000 investment at its peak now worth about $2,840, indicating severe market skepticism regarding its future profitability and investor concerns about the commercial viability of its micro nuclear reactor.
- Intensifying Competition: Despite Oklo's $8 billion market cap, its competitor NuScale Power, with a $3 billion valuation, has received approval from the Nuclear Regulatory Commission, highlighting Oklo's disadvantage in regulatory progress and diminishing market confidence in its future.
- Profitability Uncertainty: The concept of Oklo's micro nuclear reactor has yet to be implemented at a commercial scale, leading to significant investor doubts about its ability to generate revenue that meaningfully exceeds operating costs and attract a sufficient customer base, raising questions about its investment value.
- Investment Strategy Shift: Given the high interest rates and increasing competition, analysts suggest that investors would be wiser to invest in nuclear energy ETFs rather than a pre-revenue company like Oklo, reflecting a cautious market attitude towards Oklo's future development.
See More
