NuScale Power Corporation Class A (SMR)

NuScale Power's stock has experienced significant volatility. The stock has increased by 106.01% over the last year, with a 136.32% increase over the last six months and a 223% surge over the past year. Key positive drivers include the U.S. Nuclear Regulatory Commission's (NRC) design approval of NuScale's 77 MWe SMR technology in May 2025, and a historic agreement in September/October 2025 with the Tennessee Valley Authority (TVA) and ENTRA1 Energy for the deployment of up to 6 gigawatts of SMR capacity. On October 21, 2025, Citigroup downgraded NuScale to Sell/High Risk, resulting in a stock price decrease. Additionally, in September 2025, Director Corp Fluor sold shares of NuScale Power stock, and the company reported missing analysts' consensus estimates for earnings per share and revenue in its August 7th quarterly report.

The demand for NuScale Power's products and services does not exhibit strong short-term seasonality. The market for SMRs is experiencing steady growth driven by long-term global trends, including increasing demand for clean, reliable, and scalable energy solutions. Supportive regulations, government decarbonization goals, and the shift towards decentralized power generation contribute to a consistent and growing demand for SMR technology.

NuScale Power Corp. specializes in the design and marketing of small modular reactors (SMRs). The company operates within the Producer Manufacturing sector, focusing on Electrical Products and Nuclear Power industries, with products including VOYGR SMR Plants and NuScale Power Modules (NPMs). NuScale's initial 50 MWe module design was the first SMR to be certified by the U.S. Nuclear Regulatory Commission (NRC) in 2022, and newer 77 MWe module designs were approved by the NRC on May 29, 2025. These SMRs are designed to provide carbon-free energy for various applications.

NuScale Power Corporation is headquartered in Tigard, Oregon, with its origins in Corvallis, Oregon. The company has projects and agreements in the United States, including an agreement with the Tennessee Valley Authority (TVA) and ENTRA1 Energy to deploy up to 6 gigawatts of NuScale SMR capacity across TVA's seven-state service region. Internationally, NuScale is involved in projects in Poland with KGHM Polska Miedź SA and in Romania with the RoPower project. Additionally, Nuclear Power Ghana and Regnum Technology Group signed an agreement to build a 12-module nuclear power plant in Ghana.

NuScale Power has generally maintained a positive brand reputation due to its pioneering role in small modular reactor technology and regulatory achievements. The company received U.S. Nuclear Regulatory Commission (NRC) design approval in 2020 and again in May 2025 for its 77 MWe design. However, NuScale's reputation faced a setback in November 2023 with the mutual termination of the Carbon Free Power Project (CFPP) and in October 2025, a downgrade by Citigroup negatively impacted investor sentiment.

NuScale Power Corporation's ownership structure includes institutional, retail, and individual investors. Institutional investors hold a significant stake, with major shareholders including Vanguard Group Inc., BlackRock, Inc., and D. E. Shaw & Co., Inc. Retail investors also possess a substantial portion, holding approximately 30% to 47% of the total shares outstanding, while insiders own less than 1% of the company's stock.