NuScale Power's Stock Fluctuations Post-IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 18 hours ago
0mins
Source: Fool
- Stock Fluctuations: NuScale Power went public in 2022 through a SPAC merger, opening at $10.70 and reaching a record high of $53.43 last October, but currently trades around $14, indicating a divided market view on its growth potential.
- Market Valuation: With a market cap of $4 billion and a price-to-earnings ratio of 40, NuScale's valuation reflects that future sales expectations for 2026 are already priced in, despite the company not having sold any reactors, presenting significant investment risks.
- Revenue Sources: Currently, NuScale generates revenue primarily as a subcontractor for Fluor in the planned construction of a 462 MWe nuclear plant for Romania's RoPower, which remains in the front-end engineering and design phase, with a final investment decision expected this year.
- Future Outlook: Although NuScale aims to deploy its first SMRs in Romania by 2030, project delays due to soaring costs mean that the first reactors in the U.S. likely won't be installed until 2032, with most revenue until then coming from FEED study fees.
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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: 14.270
Low
18.50
Averages
32.77
High
60.00
Current: 14.270
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.
Investment Potential of Small Modular Reactors
- Nuclear Market Opportunity: NuScale Power holds the unique position of being the only company with a U.S. Nuclear Regulatory Commission-approved small modular reactor (SMR) design, capable of expanding to 12 modules generating 924 megawatts of carbon-free electricity; however, its stock has declined nearly 40% over the past year, indicating potential long-term investment challenges.
- Major Agreement Signed: The Tennessee Valley Authority has signed an agreement with NuScale for up to 6 gigawatts of new nuclear capacity, marking the largest SMR agreement to date, sufficient to power approximately 60 data centers, yet the stringent regulations in the nuclear industry may delay any significant financial returns for years.
- Slow Project Progress: NuScale has been planning a six-module plant in Romania since 2021, and although the customer recently approved the first module, commercial operations are not expected to commence until July 2033, causing investor concerns regarding the timeline and viability of the project.
- Uncertain Market Outlook: While the global SMR market is projected to grow to $8.2 billion by 2035, NuScale's current market capitalization stands at $4.3 billion with trailing twelve-month revenues of only $64 million, and the absence of near-term commercial deployments further diminishes investor confidence in the stock.
See More
NuScale Power Faces Class Action Lawsuit Over Securities Violations
- Class Action Initiated: NuScale Power Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934 during the period from May 13 to November 6, 2025, with investors having until April 20, 2026, to seek lead plaintiff status, indicating significant legal risks for the company.
- Financial Loss 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, resulting in a quarterly net loss of $532 million, reflecting a drastic deterioration in the company's financial health.
- Partner Qualification Concerns: The lawsuit alleges that NuScale's reliance on ENTRA1 for commercialization of its core technology is misplaced, as ENTRA1 lacks any significant project experience in nuclear energy, which could have long-term implications for NuScale's business model and market trust.
- Stock Price Volatility: Following the financial disclosures on November 6, 2025, NuScale's stock price fell over 12% within two days, indicating increasing investor concerns about the company's future prospects, which may impact its ability to raise funds and maintain market competitiveness.
See More
Analysis of NuScale Power's Stock Price Volatility
- Significant Stock Fluctuation: NuScale Power's stock surged nearly 200% in 2025 but has since dropped about 20% by early 2026, indicating market uncertainty regarding its future, prompting investors to carefully assess risks.
- Sales Opportunities Awaiting Confirmation: While NuScale Power shows potential sales with a Romanian power company and the Tennessee Valley Authority, no actual sales have materialized yet, highlighting the company's early-stage business model that investors should monitor closely.
- Risks and Rewards: For risk-tolerant investors, entering now could yield gains if sales are confirmed, but they must be aware of the potential losses if no sales occur, necessitating a cautious investment approach.
- Technology Outlook is Key: The reactor technology of NuScale Power is central to its long-term development, and investors should only consider holding or buying the stock if they believe in its ability to support a sustainable business model.
See More
NuScale Power's Stock Fluctuations Post-IPO
- Stock Fluctuations: NuScale Power went public in 2022 through a SPAC merger, opening at $10.70 and reaching a record high of $53.43 last October, but currently trades around $14, indicating a divided market view on its growth potential.
- Market Valuation: With a market cap of $4 billion and a price-to-earnings ratio of 40, NuScale's valuation reflects that future sales expectations for 2026 are already priced in, despite the company not having sold any reactors, presenting significant investment risks.
- Revenue Sources: Currently, NuScale generates revenue primarily as a subcontractor for Fluor in the planned construction of a 462 MWe nuclear plant for Romania's RoPower, which remains in the front-end engineering and design phase, with a final investment decision expected this year.
- Future Outlook: Although NuScale aims to deploy its first SMRs in Romania by 2030, project delays due to soaring costs mean that the first reactors in the U.S. likely won't be installed until 2032, with most revenue until then coming from FEED study fees.
See More
Cameco's 135% Surge Over the Past Year: Will It Maintain Its Momentum?
Energy Sector Performance: The energy sector has underperformed in the S&P 500, posting losses of 1.3% since 2022, while other sectors like technology have seen significant gains.
Nuclear Energy Stocks: Despite the overall struggles of the energy sector, nuclear energy stocks have outpaced the market, driven by increasing global demand for uranium and a resurgence in interest in nuclear energy.
Cameco's Growth: Cameco, a leading uranium producer, has experienced substantial stock gains, with a 21% year-to-date increase in 2026, and is expected to continue benefiting from rising uranium demand.
Analyst Recommendations: Analysts are bullish on Cameco, giving it a consensus "Buy" rating and highlighting its potential for significant upside, with expectations of strong earnings growth in the coming years.
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U.S. Nuclear Expansion Collides with Uranium Supply Constraints
- Nuclear Expansion Initiative: President Trump's signing of four executive orders aims to quadruple U.S. nuclear capacity over the next 25 years, addressing the surging electricity demand driven by sectors like AI and quantum computing.
- Uranium Supply Shortage: With projections indicating a significant increase in uranium demand by 2026, domestic mine production is failing to meet reactor requirements, leading to a structural supply deficit that heightens investor focus on resource control.
- Merger Progress: The merger between Spring Valley Acquisition Corp. II and Eagle Energy Metals is advancing, with the SEC declaring its registration statement effective, and a shareholder vote scheduled for February 23, 2026, marking a critical step towards NASDAQ listing.
- Technological Investment: Eagle Energy Metals is collaborating with BBA USA Inc. to design a drilling campaign at the Aurora uranium project to support a Pre-Feasibility Study, which is expected to enhance its competitiveness in the U.S. uranium market to meet rising nuclear energy demands.
See More
Investment Potential of Small Modular Reactors
- Nuclear Market Opportunity: NuScale Power holds the unique position of being the only company with a U.S. Nuclear Regulatory Commission-approved small modular reactor (SMR) design, capable of expanding to 12 modules generating 924 megawatts of carbon-free electricity; however, its stock has declined nearly 40% over the past year, indicating potential long-term investment challenges.
- Major Agreement Signed: The Tennessee Valley Authority has signed an agreement with NuScale for up to 6 gigawatts of new nuclear capacity, marking the largest SMR agreement to date, sufficient to power approximately 60 data centers, yet the stringent regulations in the nuclear industry may delay any significant financial returns for years.
- Slow Project Progress: NuScale has been planning a six-module plant in Romania since 2021, and although the customer recently approved the first module, commercial operations are not expected to commence until July 2033, causing investor concerns regarding the timeline and viability of the project.
- Uncertain Market Outlook: While the global SMR market is projected to grow to $8.2 billion by 2035, NuScale's current market capitalization stands at $4.3 billion with trailing twelve-month revenues of only $64 million, and the absence of near-term commercial deployments further diminishes investor confidence in the stock.
See More
NuScale Power Faces Class Action Lawsuit Over Securities Violations
- Class Action Initiated: NuScale Power Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934 during the period from May 13 to November 6, 2025, with investors having until April 20, 2026, to seek lead plaintiff status, indicating significant legal risks for the company.
- Financial Loss 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, resulting in a quarterly net loss of $532 million, reflecting a drastic deterioration in the company's financial health.
- Partner Qualification Concerns: The lawsuit alleges that NuScale's reliance on ENTRA1 for commercialization of its core technology is misplaced, as ENTRA1 lacks any significant project experience in nuclear energy, which could have long-term implications for NuScale's business model and market trust.
- Stock Price Volatility: Following the financial disclosures on November 6, 2025, NuScale's stock price fell over 12% within two days, indicating increasing investor concerns about the company's future prospects, which may impact its ability to raise funds and maintain market competitiveness.
See More
Analysis of NuScale Power's Stock Price Volatility
- Significant Stock Fluctuation: NuScale Power's stock surged nearly 200% in 2025 but has since dropped about 20% by early 2026, indicating market uncertainty regarding its future, prompting investors to carefully assess risks.
- Sales Opportunities Awaiting Confirmation: While NuScale Power shows potential sales with a Romanian power company and the Tennessee Valley Authority, no actual sales have materialized yet, highlighting the company's early-stage business model that investors should monitor closely.
- Risks and Rewards: For risk-tolerant investors, entering now could yield gains if sales are confirmed, but they must be aware of the potential losses if no sales occur, necessitating a cautious investment approach.
- Technology Outlook is Key: The reactor technology of NuScale Power is central to its long-term development, and investors should only consider holding or buying the stock if they believe in its ability to support a sustainable business model.
See More
NuScale Power's Stock Fluctuations Post-IPO
- Stock Fluctuations: NuScale Power went public in 2022 through a SPAC merger, opening at $10.70 and reaching a record high of $53.43 last October, but currently trades around $14, indicating a divided market view on its growth potential.
- Market Valuation: With a market cap of $4 billion and a price-to-earnings ratio of 40, NuScale's valuation reflects that future sales expectations for 2026 are already priced in, despite the company not having sold any reactors, presenting significant investment risks.
- Revenue Sources: Currently, NuScale generates revenue primarily as a subcontractor for Fluor in the planned construction of a 462 MWe nuclear plant for Romania's RoPower, which remains in the front-end engineering and design phase, with a final investment decision expected this year.
- Future Outlook: Although NuScale aims to deploy its first SMRs in Romania by 2030, project delays due to soaring costs mean that the first reactors in the U.S. likely won't be installed until 2032, with most revenue until then coming from FEED study fees.
See More
Cameco's 135% Surge Over the Past Year: Will It Maintain Its Momentum?
Energy Sector Performance: The energy sector has underperformed in the S&P 500, posting losses of 1.3% since 2022, while other sectors like technology have seen significant gains.
Nuclear Energy Stocks: Despite the overall struggles of the energy sector, nuclear energy stocks have outpaced the market, driven by increasing global demand for uranium and a resurgence in interest in nuclear energy.
Cameco's Growth: Cameco, a leading uranium producer, has experienced substantial stock gains, with a 21% year-to-date increase in 2026, and is expected to continue benefiting from rising uranium demand.
Analyst Recommendations: Analysts are bullish on Cameco, giving it a consensus "Buy" rating and highlighting its potential for significant upside, with expectations of strong earnings growth in the coming years.
See More
U.S. Nuclear Expansion Collides with Uranium Supply Constraints
- Nuclear Expansion Initiative: President Trump's signing of four executive orders aims to quadruple U.S. nuclear capacity over the next 25 years, addressing the surging electricity demand driven by sectors like AI and quantum computing.
- Uranium Supply Shortage: With projections indicating a significant increase in uranium demand by 2026, domestic mine production is failing to meet reactor requirements, leading to a structural supply deficit that heightens investor focus on resource control.
- Merger Progress: The merger between Spring Valley Acquisition Corp. II and Eagle Energy Metals is advancing, with the SEC declaring its registration statement effective, and a shareholder vote scheduled for February 23, 2026, marking a critical step towards NASDAQ listing.
- Technological Investment: Eagle Energy Metals is collaborating with BBA USA Inc. to design a drilling campaign at the Aurora uranium project to support a Pre-Feasibility Study, which is expected to enhance its competitiveness in the U.S. uranium market to meet rising nuclear energy demands.
See More
