NuScale Power (SMR)
Designs modular light-water reactors and licenses the technology for multi-module nuclear plants.
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Develops modular pressurized light-water reactors and earns current revenue from engineering, design, and licensing work for proposed plants. Equipment sales and lifecycle services depend on customer projects reaching financing, regulatory approval, and construction.
Designs and commercializes the NuScale Power Module, a 77 MWe pressurized light-water reactor, and scalable VOYGR plants built from multiple modules. Revenue currently comes from engineering, design, and licensing work for proposed deployments; future plans add module and nuclear steam-supply equipment sales, fuel, commissioning, training, and plant-lifecycle services. Commercial activity spans proposed projects in the United States and Romania.
An NRC-approved design built around passive natural circulation, integrated reactor components, and factory fabrication is the core engineering asset. Long-lead materials and a network of component suppliers support deployment readiness, while ENTRA1 holds exclusive worldwide commercialization, distribution, sales, and development rights. Converting the platform into equipment revenue depends on binding customer orders, project financing, country-specific nuclear approvals, and customer construction and operating licenses.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | UBS | Downgrade | Target: $20 | Target: $6 |
| Aug 14, 2026 | B.Riley Financial | Target | Target: $14 | Target: $15 |
| Aug 11, 2026 | RBC Capital | Reiterate | Rating: —Target: $21 | Target: $10 |
| Aug 6, 2026 | Northland Securities | Target | Target: $19 | Target: $16 |
| Jul 22, 2026 | Barclays | Target | Target: $15 | Target: $11 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.07B · Total debt $5.9M · Total assets $2.05B · Shareholders' equity $2.06B
- Revenue
- $75.0K
- Operating income
- −$64.0M
- Net income
- −$47.5M
No dividends on record.
| Institutions | 52.83% | 227.01M shares | |
|---|---|---|---|
| 572 holders · as of Jun 30, 2026 | |||
| Insiders | 0.26% | 1.11M shares | |
| 15 holders · as of Sep 11, 2026 | |||
| Other | 46.91% | 201.60M shares | |
| remainder | |||
429.72M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (429.72M in the company's Sep 23, 2026 report, 133.91M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 6.82% | 29.31M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.02% | 25.86M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.53% | 15.15M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.28% | 14.08M A | as of Jun 30, 2026 |
Marex Group PLCInstitution | 2.96% | 12.71M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Robert Ramsey Hamady | officer: Chief Financial Officer | −20,000 | $9.49 |
| Aug 27, 2026 | Robert Ramsey Hamady | officer: Chief Financial Officer | −29,880 | $9.39 |
| Aug 18, 2026 | Shinji Fujino | director | −20,000 | $8.86 |
| Aug 5, 2026 | Carl M. Fisher | officer: Chief Operating Officer | −18,771 | $9.36 |
| Jun 30, 2026 | Robert Ramsey Hamady | officer: Chief Financial Officer | −20,000 | $10.14 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NuScale Power | $8.73 | −1.80% | $2.65B | — | — | 247.9 | −99.1% |
| GE Vernova | $947.27 | −0.32% | $253.09B | 27.3 | 46.0 | 6.1 | +21.9% |
| Oklo | $39.63 | −2.03% | $7.04B | — | — | 5,816.5 | — |
| Constellation Energy | $262.75 | −0.27% | $94.61B | 25.6 | 21.1 | 3.0 | +23.0% |
| Vistra | $139.79 | −0.44% | $47.34B | 23.6 | 14.8 | 3.0 | −5.5% |
| Cameco | $92.47 | −2.24% | $41.20B | 163.0 | 67.6 | 16.7 | −11.0% |
| BWX Technologies | $144.09 | −0.29% | $13.24B | 37.2 | 28.9 | 3.8 | +18.0% |
| Median | 27.3 | 28.9 | 4.9 | +18.0% |