NuScale Power Stock Plummets Amid Project Delays
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2026
0mins
Source: Fool
- Stock Performance: NuScale Power's stock has declined nearly 20% year-to-date, trading almost 80% below its record high of $53.43 from last October, indicating market concerns about its future prospects.
- Project Cancellation Impact: The ambitious plan to deploy a 462 MWe nuclear plant in Idaho was scrapped due to skyrocketing costs, leading the company to work as a subcontractor for Fluor on a similar project in Romania, generating most of its revenue from front-end engineering and design (FEED) studies.
- Future Revenue Expectations: Analysts project NuScale's revenue to surge from $31.5 million to $286.8 million between 2025 and 2028, driven by rapid growth in the power-hungry cloud, AI, and data center markets, yet its market cap of $3.75 billion reflects a valuation of 13 times its projected 2028 revenue.
- Increasing Market Challenges: As military conflicts in the Middle East intensify, inflation, and other macroeconomic pressures mount, investors are rotating away from speculative stocks like NuScale towards more conservative investments, which could exert continued downward pressure on NuScale's volatile stock.
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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 (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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- Earnings Release Anticipation: NuScale Power is expected to report its Q2 earnings in early August, and while no major announcements are anticipated, the market is keen on updates regarding a critical growth catalyst that could revive its struggling stock price.
- Rising Market Demand: Global electricity demand is surging due to the rapid growth of AI technologies, benefiting NuScale's business model, as nuclear power is recognized for its potential as a clean energy source, despite traditional plants taking over a decade to build.
- Advantages of SMRs: Compared to conventional large-scale nuclear plants, small modular reactors (SMRs) require less land, have shorter construction periods, and enhanced safety features; currently, only two SMRs are operational worldwide, but over 80 are in development, indicating strong market demand.
- Key Agreement Progress: The landmark deal with the Tennessee Valley Authority to build a 6GW SMR system is seen as a significant advancement, with expectations of a power purchase agreement (PPA) by the end of 2026, which, if successful, would greatly enhance the likelihood of construction starting in 2027.
See More
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- Top Global GreenTech Company: General Fusion was named the world's top GreenTech company by TIME in 2026, scoring 96.68 and surpassing over 8,300 applicants, highlighting its excellence in fusion technology innovation and commercialization efforts.
- Fusion Technology Breakthrough: The company's LM26 demonstration machine successfully heated plasma to approximately 8.4 million degrees Celsius in 2026, achieving a threefold increase in temperature, marking a significant step toward realizing fusion energy and enhancing its market competitiveness.
- Commercialization Progress: The framework agreement with Italy's Renexia signals General Fusion's move toward the commercial power grid; while non-binding, it lays a strategic foundation for future commercial deployment, boosting investor confidence.
- Public Listing Plans: The business combination agreement with Spring Valley Acquisition Corp. III is expected to make General Fusion the first publicly traded pure-play fusion company, with a transaction value of approximately $1 billion, potentially attracting a new class of retail investors into the sector.
See More
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- LM26 Breakthrough: In 2026, the company successfully heated plasma to approximately 8.4 million degrees Celsius with its LM26 demonstration machine, achieving a threefold increase in temperature, marking a significant step toward practical Magnetized Target Fusion and enhancing the feasibility of its technology.
- Framework Agreement in Italy: General Fusion signed a framework agreement with Italy's Renexia to explore deploying fusion technology, indicating a strategic shift from laboratory to commercial power grid, which boosts market confidence in its technology.
- Path to Public Markets: The company entered a business combination agreement with Spring Valley Acquisition Corp. III, aiming for a valuation of approximately $1 billion upon listing on Nasdaq, positioning itself as the first publicly traded pure-play fusion company and attracting increased investor interest in the sector.
See More
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- SpaceX Market Outlook: With a market cap of $2 trillion, SpaceX excels in reducing launch costs, yet the long-term upside for its stock appears limited, prompting investors to carefully assess future growth potential.
- Rivian's Growth Potential: Rivian, valued at approximately $20 billion, is currently trading at a discount, but the launch of its R2 SUV and investments in AI and autonomous driving could position it well in the $10 trillion robotaxi market.
- NuScale's Nuclear Opportunity: NuScale Power, with a market cap of just $3.7 billion, focuses on small modular reactors, facing execution risks but also tapping into a long-term market opportunity valued at $10 trillion in nuclear energy.
- Surge in Data Center Demand: The rapid adoption of AI technologies is driving a surge in data center construction, and NuScale's solutions are poised to meet the energy-intensive demands of this sector, potentially enhancing its market share.
See More
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- Rivian's Growth Potential: Rivian, with a market cap of approximately $20 billion, is launching its R2 SUV priced under $50,000 and heavily investing in AI and autonomous driving, aiming to tap into the $10 trillion robotaxi market, showcasing strong growth prospects.
- NuScale's Market Opportunity: NuScale Power has a market cap of just $3.7 billion, and despite facing high execution risks, its small modular reactors are seen as a promising solution to meet future nuclear energy demands, with market opportunities valued at $10 trillion, offering significant upside potential.
- Investment Recommendations: While SpaceX's innovations in space are impressive, analysts suggest focusing on companies like Rivian and NuScale, which demonstrate more attractive long-term investment potential, particularly in the rapidly evolving electric vehicle and nuclear energy markets.
See More
Fluor's Stable Growth Outlook Amid Challenges
- Successful Business Transformation: Fluor has successfully shifted over 80% of its projects from fixed-price to reimbursable contracts over the past two years, a change that not only reduces execution risks but also lays a foundation for stable growth in the future.
- Market Growth Drivers: With the ongoing growth in cloud computing, AI, industrial, and nuclear markets, Fluor expects to gain more business support, which will further drive revenue growth and enhance its market competitiveness.
- Profitability Improvement: Fluor recently liquidated its remaining stake in NuScale, generating an estimated raw profit of $1.86 billion, a move that will enable the company to achieve more stable profit growth in the coming years.
- Optimistic Future Expectations: Analysts expect Fluor's adjusted EPS to rise by 18% in 2026 and 28% in 2027, and if the company meets these expectations, its stock could potentially rise by about 28% over the next 12 months.
See More
