SMR
NuScale Power Corporation

NuScale Power CorporationSMR

Industrials · Specialty Industrial Machinery
8.89USD
+1.14%
Sep 23, 2026
SMR overview ready
Licensor Advancing Commercialization of NRC-Certified Small Modular Reactors
NuScale is a pre-commercial advanced-reactor technology developer and licensor.
Strong narrative exposure
Exposed to the Dispatchable Power for Large Loads narrative through Small Modular Reactor and Microreactor Developers — pure play.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Valuation not measured
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Delay or failure to secure first commercial contract.
Market Sep 22Filing Jun 30Price action Sep 22Research Jul 30

Conviction Level

NarrativeHeat9.1ThemeHeat7.1PriceAction1.4Valuation0.3CompanyPosition9.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$2.1B
Avg Volume (60D)
35.3M
60 sessions
Revenue Growth YoY
-15.0%
FY2025 vs FY2024
Gross Margin
+23.5%
Trailing twelve months
Free Cash Flow Yield
-37.0%
Distance from 200DMA
-28.6%
Next Earnings
2026-11-05
P/E
N/M
EV / Sales
96.6x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Dec 31, 2022

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; own history is the dissenting view.
NuScale Power Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
NuScale is a pre-commercial advanced-reactor technology developer and licensor.
Opportunity
High opportunity
Development and commercialization of factory-oriented small nuclear generation systems intended to provide firm, carbon-free electricity or industrial heat for utilities, data centers, industrial users, remote loads, and constrained power markets.
Key risk
Delay or failure to secure first commercial contract.

Narrative & Theme

Dispatchable Power for Large Loads
Part of Small Modular Reactor and Microreactor Developers, with strong fit.
SMR is a direct, high-beta exposure to the need for firm generation serving large and power-constrained loads, particularly where grid expansion cannot deliver capacity quickly enough.
Narrative HeatHot9.1 / 10
Theme HeatHeating up7.1 / 10

Business & Markets

Industrials · Specialty Industrial Machinery
What they do

NuScale Power Corporation develops and licenses small modular nuclear reactor technology, providing design, regulatory support, construction, operation, and maintenance services for nuclear power plants.

How it earns

Project-based revenue primarily from licensing, design services, and support related to small modular reactor deployment.

Products & services
NuScale Power Module (77 MWe light water nuclear reactor)
Regulatory licensing support services
Start-up testing and commissioning support
Accredited training programs
Customers & end markets
Nuclear power plant operators
Government and regulatory bodies
Market position

Niche leader with the only NRC-certified small modular reactor design in the U.S.

Demand drivers
High cyclicality

Dependent on long-term nuclear infrastructure investments and regulatory approvals.