NuScale Power Secures NRC Design Certification for Small Modular Reactor, Huge Market Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 01 2026
0mins
Should l Buy SMR?
Source: Fool
- First-Mover Advantage: NuScale Power is the only reactor developer in the U.S. to secure Nuclear Regulatory Commission (NRC) design certification for a small modular reactor (SMR), highlighting its leadership in the clean energy sector, despite a nearly 20% decline in stock price year-to-date.
- Market Application Potential: SMRs are widely regarded as a crucial component of clean energy, capable of providing carbon-free power in locations where continuous grid supply is not feasible, such as mining sites, military camps, and AI data centers, thus addressing diverse market needs.
- Potential Customers: NuScale has established a preliminary partnership with Romanian project company RoPower to deploy six SMRs in Doiceşti, although no formal contracts have been signed yet, indicating significant market demand potential.
- Cooperation Agreement: NuScale has also signed a memorandum of understanding with ENTRA1 Energy to deploy up to 6 gigawatts (GW) of SMR power with the Tennessee Valley Authority, although no actual revenue has been realized yet, necessitating close monitoring of project developments.
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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: 10.260
Low
18.50
Averages
32.77
High
60.00
Current: 10.260
Low
18.50
Averages
32.77
High
60.00
About SMR
NuScale Power Corporation is a provider of proprietary advanced small modular reactor nuclear technology. The NuScale Power Module, the Company's SMR technology, is a small pressurized water reactor that can generate 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 governments, political subdivisions, state-owned enterprises, investor-owned utilities and other technology and industrial companies, both in domestic and international markets.
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.
- Class Action Filed: Pomerantz LLP has announced a class action lawsuit against NuScale Power, alleging securities fraud or other unlawful business practices by the company and certain officers, with investors advised to apply as Lead Plaintiff by April 20, 2026.
- Expense Surge: In Q3 2025, NuScale's general and administrative expenses skyrocketed over 3,000% to $519 million, primarily due to a $495 million payment to ENTRA1 Energy LLC, resulting in a quarterly net loss of $532 million, up from $46 million the previous year.
- Market Reaction: Following the financial disclosures, NuScale's stock price plummeted by $7.57, or 19.97%, over the next two trading sessions, closing at $30.34 per share, indicating investor concerns about the company's financial health.
- Project Potential: The agreement with ENTRA1 could involve up to 72 NPMs, suggesting that NuScale's milestone payments could exceed $3 billion, highlighting both the potential rewards and risks associated with this ambitious energy project.
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- Lawsuit Background: NuScale Power Corporation (NYSE: SMR) is facing a securities fraud class action lawsuit for alleged material misstatements regarding its commercialization strategy for nuclear energy projects during the period from May 13 to November 6, 2025, which has shaken investor confidence.
- Financial Losses: In Q3 2025, NuScale's general and administrative expenses surged over 3,000% to $519 million, resulting in a quarterly net loss of $532 million, a significant increase from $46 million in the same period last year, directly impacting its stock performance.
- Stock Price Volatility: On November 6, 2025, NuScale's stock price dropped by $5.45, or approximately 14.4%, closing at $32.46 from $37.91 the previous day, reflecting market concerns over the company's financial health.
- Investor Action: Affected investors have until April 20, 2026, to apply for lead plaintiff status, encouraged to contact Kessler Topaz Meltzer & Check, LLP for legal support, indicating the company's recognition of investor rights and potential legal liabilities.
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- Kyndryl Lawsuit Overview: Kyndryl Holdings, Inc. faces a class action lawsuit for materially misstated financial statements and inadequate internal controls during the period from August 2024 to February 2026, which severely undermines investor confidence and could negatively impact its stock performance.
- PayPal Lawsuit Details: PayPal Holdings, Inc. is accused in a class action lawsuit from February 2025 to February 2026 of overstating its business execution capabilities and dismissing competitive concerns, leading to a decline in investor trust and potential adverse effects on its market share.
- NuScale Lawsuit Background: NuScale Power Corporation is facing a class action lawsuit for failing to disclose significant risks associated with its nuclear projects during the period from May 2025 to November 2025, which could jeopardize its commercialization strategy and affect future financing and project timelines.
- Corcept Lawsuit Issues: Corcept Therapeutics Incorporated is under scrutiny in a class action lawsuit from October 2024 to January 2026 for not meeting FDA requirements regarding the effectiveness assessment of its drug, which may lead to significant review challenges for its new drug application and impact the company's future competitiveness.
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- Lawsuit Background: Bleichmar Fonti & Auld LLP has announced a class action lawsuit against NuScale Power and its executives for securities fraud, resulting in a significant stock drop of 12.4% on November 10, 2025, from $32.46 to $28.43, reflecting serious investor concerns over the company's financial transparency.
- Financial Misrepresentation: NuScale's general and administrative expenses surged to $519 million in Q3 2025, primarily due to a $495 million payment to ENTRA1 for services, indicating major financial management failures that could undermine future investor confidence.
- False Claims of Experience: The lawsuit alleges that NuScale misrepresented ENTRA1's capabilities as an independent power plant development platform, while ENTRA1 had only three employees and had never successfully built or operated any nuclear power projects, potentially leading investors to misjudge the company's prospects.
- Legal Implications: Investors have until April 20, 2026, to apply to lead the case, and if the lawsuit succeeds, it could result in significant financial compensation for NuScale's shareholders, further impacting the company's market reputation and shareholder trust.
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- Class Action Notice: Rosen Law Firm reminds investors who purchased NuScale Power Class A common stock between May 13, 2025, and November 6, 2025, to apply to be lead plaintiff by April 20, 2026, to participate in the class action and potentially receive compensation.
- Lawsuit Background: The lawsuit alleges that NuScale failed to disclose ENTRA1 Energy LLC's lack of experience in the nuclear sector during the class period, exposing investors to significant risks, and when the truth emerged, investors suffered damages.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked No. 1 by ISS Securities Class Action Services in 2017, demonstrating its successful track record in this field.
- Investor Guidance: The firm advises investors to select counsel with proven success to avoid partnering with inexperienced intermediaries, ensuring that their rights in the class action are effectively protected.
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- Nuscale Power Options Volume: Nuscale Power Corporation's options trading volume reached 109,764 contracts, representing approximately 11 million shares, which is about 56.4% of its average daily trading volume of 19.4 million shares over the past month, indicating strong market interest in its future performance.
- High Volume Call Options: Specifically, the $11.50 strike call option expiring on April 2, 2026, saw 21,936 contracts traded today, equating to approximately 2.2 million underlying shares, reflecting a strong bullish sentiment among investors regarding the stock's potential upside.
- Constellation Energy Options Activity: Constellation Energy Corp's options trading volume stood at 16,099 contracts, representing about 1.6 million shares, which accounts for 55% of its average daily trading volume of 2.9 million shares over the past month, showcasing active market engagement.
- Bullish Call Options Trading: For Constellation, the $300 strike call option expiring on May 15, 2026, recorded a trading volume of 1,374 contracts today, representing approximately 137,400 underlying shares, indicating investor confidence in the company's future growth prospects.
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