NuScale Power Corporation Class A (SMR)

Over the past six months, NuScale Power Corp. (SMR) stock has experienced a significant decline of approximately 58%. A major event impacting the stock was the Q1 2026 earnings report on May 7, 2026, which reported sharply lower revenues and a widened net loss. Other contributing factors include analyst price target reductions and the filing of securities-fraud class actions in late March 2026 related to the ENTRA1 partnership. Insider selling has also been a notable activity.

The demand for NuScale Power Corp.'s products and services does not exhibit significant seasonality. NuScale's SMR technology is designed to provide "always-on, carbon-free baseload energy," which is crucial for consistent power generation. The applications for NuScale's SMRs represent continuous and year-round energy demands, suggesting a stable and non-seasonal demand for its products and services.

NuScale Power Corporation is an American company specializing in the design and marketing of small modular reactors (SMRs). Its core product is the VOYGR™ power plant, which utilizes the NuScale Power Module™ (NPM) technology, a small, safe, pressurized water reactor designed to generate 77 megawatts of electricity (MWe) per module. These modules are scalable, offering configurations such as the VOYGR-4, VOYGR-6, and VOYGR-12 power plants. NuScale's technology is designed for diverse applications, including electrical generation, district heating, desalination, commercial-scale hydrogen production, and other industrial process heat applications. The company's mission is to advance nuclear power to improve the quality of life globally by providing scalable, carbon-free energy solutions.

NuScale Power's headquarters are located in Tigard, Oregon, with additional offices in Corvallis, Oregon; Rockville, Maryland; Charlotte, North Carolina; Richland, Washington; and London, United Kingdom. The company has active projects and negotiations for SMR deployment in various regions, including an agreement to construct an SMR in Poland by 2029 and the RoPower project in Romania. The company is also pursuing opportunities in the United States, including a significant initiative with the Tennessee Valley Authority (TVA). In January 2025, an SMR simulator training center was opened in Ghana.

NuScale Power has built a strong reputation as a pioneer in SMR technology, primarily due to its significant regulatory achievements, including being the first SMR to receive U.S. Nuclear Regulatory Commission (NRC) design approval. However, NuScale's reputation has faced challenges, including the cancellation of the Carbon Free Power Project (CFPP) and the Q1 2026 earnings report, which showed sharply lower revenues and wider losses. The filing of securities-fraud class actions in late March 2026 related to its ENTRA1 partnership has also cast a shadow on its reputation.

NuScale Power Corporation has a diverse ownership structure. Institutional investors hold a substantial portion of the company's shares, with major holders including Vanguard Group Inc., Van Eck Associates Corp, and BlackRock, Inc. Other significant institutional holders are Samsung C&T Corp., Doosan Enerbility Co., Ltd., State Street Corp., and Fluor Corp. Retail investors collectively possess a significant stake, holding approximately 47% of the company's shares. Insiders own less than 1% of the company's stock, and there has been a trend of insider selling.