NuScale Power (SMR) shares have soared 96.4% year-to-date, significantly outpacing the Zacks Computer & Technology sector’s return of 5.7% and the Zacks Electronics-Power Generation industry’s rise of 96.1%. This growth is largely driven by advancements in Small Modular Reactor (SMR) technology and an expanding partnership base with major tech companies and financial institutions.
NuScale’s SMR technology is capable of producing 150 million gallons of clean water daily, with plans for 12 modules to power 400,000 homes and supply desalinated water to 2.3 million people. The energy demand from sectors like data centers is expected to triple over the next three years, accounting for 12% of U.S. electricity consumption by 2028, creating significant opportunities for NuScale.
Despite its advancements and partnerships, NuScale faces competition from companies like Oklo and BWX Technologies, and is currently overvalued with a forward price-to-sales ratio of 95.22, compared to its sector median of 6.51. The Zacks Consensus Estimate for the company’s loss in 2025 stands at 42 cents per share, unchanged over the past month.
