NuScale Power Corporation Class A (SMR)

NuScale Power's stock has experienced significant volatility in the past six months. Key events impacting the stock include the cancellation of the Carbon Free Power Project (CFPP) in Idaho, Fluor Corporation selling its stake, a Bank of America upgrade, the Third Quarter 2025 Earnings Report, and an agreement with the Tennessee Valley Authority (TVA).

The demand for NuScale Power's products and services is not typically subject to traditional seasonal fluctuations. Instead, demand is driven by long-term trends and strategic decisions in the energy sector, including the global energy transition and decarbonization, growing energy needs, replacement of retiring coal plants, and industrial applications.

NuScale Power Corporation specializes in the design and marketing of small modular reactors (SMRs) and operates within the nuclear power industry, focusing on clean, reliable, and carbon-free energy production. The company's flagship product is the NuScale Power Module (NPM), a small, safe, pressurized water reactor that can generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross) and are scalable. As of 2025, NuScale Power Corporation is the only manufacturer in America to offer a U.S. Nuclear Regulatory Commission (NRC)-approved SMR design.

NuScale Power's headquarters are located in Tigard, Oregon, with additional offices in Corvallis, Oregon; Charlotte, North Carolina; and Rockville, Maryland. The company maintains a factory in Corvallis and a test facility at Oregon State University and in Italy. Internationally, NuScale has agreements and projects under negotiation in various regions, including Romania and Ghana, and has seen interest from tech giants for powering U.S.-based data centers.

NuScale Power has cultivated a strong brand reputation as a pioneer and leader in the small modular reactor technology space, particularly due to its regulatory achievements. Key events and factors affecting its reputation in the past year include U.S. NRC Design Approval and Certification, the cancellation of the Carbon Free Power Project (CFPP), strategic partnerships and global interest, research findings on diverse applications, and a focus on AI data centers.

NuScale Power Corporation has a diverse ownership structure, with significant institutional holdings. As of January 9, 2026, there are 680 institutional owners and shareholders holding a total of 108,170,240 shares, controlling approximately 66% of the company. Major institutional shareholders include The Vanguard Group, Inc., BlackRock, Inc., MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., URA - Global X Uranium ETF, Susquehanna International Group, Llp, Van Eck Associates Corp, Samsung C&T Corp, Citadel Advisors Llc, Clear Street Group Inc., Toroso Investments, LLC, Fluor Corp., and Doosan Enerbility Co. Ltd. Individual investors (retail investors) held approximately 30% of total shares outstanding as of Q3 2023. Insiders own under 1% of NuScale Power Corporation in their own names.