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NuScale Power Corporation
$1.7B
Market Cap
91.2
P/E
PEG
-553.8%
ROCE
-84.8%
ROE
0.00
D/E
-2,190.6%
OPM
11
α RS
🔍 SMR is showing a notable setup because Sector RRG has Industrials in the Improving quadrant with the trail still strengthening and fortress_balance preset's Backtest win rate is 53% over 90 days. Net: Partial signal stack, not a recommendation. ? RRG Backtest
Sources
Industrials in Improving quadrant · Backtest win rate 53%
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🌏 Global Investor Returns
Currency-adjusted total returns for SMR including FX impact
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📈 Price History
Ratio Health
Excellent
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Average
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About

NuScale Power Corporation provides small modular reactor technology solutions. It offers NuScale Power Module (NPM), a light water nuclear reactor that can generate 77 megawatts of electricity (MWe). The company also provides design and nuclear regulatory licensing basis information to construct and operate the power plant; and licensing, design, development, construction, operation, and maintenance of the power plant. In addition, it offers regulatory licensing support services; start-up testing and commissioning support; accredited training programs to support initial and ongoing power plant operations; management of all aspects of the U.S. Nuclear Regulatory Commission required inspections, tests, analysis, and acceptance criteria process; NuScale Power Module mechanical handling; initial and ongoing fuel bundle loading and movement; design engineering management during commercial operation; operations and maintenance program management; procurement and spare parts management; nuclear fuel management, including reload analysis; and outage planning and execution support services. The company has a strategic partnership with Ebara Elliott Energy for the development, demonstration, and testing of industrial scale compressors using power modules. NuScale Power Corporation was founded in 2007 and is headquartered in Corvallis, Oregon.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding SMR
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 5.46M $59.1M 0.09% Mar 2026
Steve Cohen Point72 Asset Management 248.4K $2.7M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED NuScale: $0.6M revenue, $1B liquidity, advancing TVA 6 GW SMR deal
Revenue & Profitability
Revenue for Q1 2026 was $0.6 million, down from $13.4 million in Q1 2025 due to the completion of RoPower technology licensing and Fluor FEED phase II work in 2025. Operating expenses (OpEx) were approximately $55 million for the quarter. Net income and operating income figures were not disclosed. Total liquidity stood at $1.0 billion on March 31, 2026, and increased to over $1.2 billion by early May 2026.
Outlook
Management described a "watershed moment" for nuclear energy, with surging demand for 24/7 baseload power from hyperscalers, data centers, and industrial users. They noted strong government support through frameworks like the $550 billion U.S.-Japan agreement and South Korea's $350 billion investment initiative. John Hopkins stated, "We're at a tipping point as a country and in an industry" and that something is "going to break soon." No major headwinds were flagged beyond typical project timelines.
Growth Drivers
Primary growth drivers are the ENTRA1 Energy/TVA partnership for up to 6 GW of SMR capacity and the RoPower project in Romania (currently the most advanced SMR effort in Europe). Management also highlighted a deep pipeline of other engagements across different regions and business models, including PPA structures and development models. The new Houston operations center positions NuScale closer to energy decision-makers.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Not discussed in this earnings call. CFO Ramsey Hamady noted that OpEx is expected to increase as the company nears commercialization, but no specific margin trajectory or operating leverage targets were provided.
Key Risks
Key risks highlighted include project financing dependency (e.g., RoPower requires pre-EPC financing), the long and complex nature of nuclear deployment timelines, and potential tariffs/commodity price volatility (though management viewed these as macro factors not specific to SMRs). An analyst noted the overhang from Fluor selling its remaining NuScale shares, which has now been resolved.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-05
Revenue declined sharply year-over-year due to project phase completion, but liquidity rose to $1.9 billion, supporting readiness for major deployments. Supplier agreements and regulatory approvals position the company for rapid execution once contracts are finalized.
Q1 2026 Q1 2026 2026-05-07
Liquidity remains strong at $1.2 billion, with revenue down year-over-year due to project timing. Key projects with TVA/ENTRA1 and RoPower are advancing, and major international investment frameworks are expected to support future growth.
Q4 2025 Q4 2025 2026-02-26
NRC approval for the 77 MW SMR design and a strengthened $1.3B cash position highlight a year of major progress, with ENTRA1/TVA and RoPower projects advancing and new industrial applications validated. Revenue for 2025 was $31.5M, with strong liquidity supporting future growth.
Q3 2025 Q3 2025 2025-11-06
Secured a landmark 6 GW SMR deployment agreement with TVA and ENTRA1, boosting liquidity to $753.8M and driving a 16x revenue increase year-over-year. Positioned as the sole developer in the U.S.-Japan energy framework, with robust project and financing outlook.
Q2 2025 Q2 2025 2025-08-07
Secured a second NRC approval for its 77 MW SMR, driving increased customer engagement and regulatory tailwinds. Q2 revenue rose to $8.1M, with robust liquidity and a focus on U.S. contracts by year-end, while RoPower FID shifted to late 2026.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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