NuScale Power’s Stock Rises 92.8% Amid Strong Earnings

NuScale Power SMR shares increased by 92.8% in the past month, outperforming the Zacks Computer and Technology sector, which grew by 8.5%, and the Zacks Electronics – Power Generation industry, which grew by 91.6%.

The stock’s performance is fueled by impressive first-quarter 2025 revenue, which surged to $13.4 million from $1.4 million, driven by the Front-End Engineering and Design (FEED) Phase 2 project and a Technology License Agreement for Romania’s RoPower Doicesti power plant.

NuScale’s transition from research and development to commercialization has improved its liquidity position to $521.4 million in cash and short-term investments, aiding project execution and operational stability.

Strategic Partnerships Fuel NuScale’s Growth

NuScale’s global expansion relies heavily on strategic collaborations. Its exclusive partnership with Energy ENTRA1 supports a project pipeline exceeding 30 gigawatts across sectors like data centers and utilities.

NuScale Power Corporation Price and Consensus

NuScale’s collaboration with RoPower Nuclear in Romania has marked the 462 MWe SMR project entering FEED Phase 2. With the support of Fluor Corporation and Doosan Enerbility, the project edges closer to commercial viability.

The company anticipates U.S. Nuclear Regulatory Commission approval for its 77 MWe module by July 2025, positioning it to deploy by 2030 and solidifying its regulatory lead in the SMR market.

NuScale is strengthening its supply chain with agreements with Doosan, Framatome, and Paragon, addressing critical path items through recent supplier engagement with over 30 vendors.

Challenges Facing NuScale Power

However, NuScale has yet to secure its first firm customer order, raising uncertainty about its near-term revenue. This order is now expected by late 2025, creating concerns regarding cash flow and financial stability.

Despite these challenges, interest in SMR technology from major corporations like Meta Platforms, Microsoft, Alphabet, and Oracle is increasing, as they seek sustainable energy solutions.

NuScale could benefit from this corporate interest as these companies explore nuclear energy options to meet the power demands of AI-driven data centers.

Additionally, NuScale is grappling with a tight nuclear supply chain that may inhibit production capabilities, leading to potential delays and higher costs, complicating its goal of meeting the 2030 deployment timeline.

Financial Estimates Decline

The 2025 Zacks Consensus Estimate for loss is projected at 41 cents per share, unchanged over the past month, a significant decline from the prior year’s earnings of 42 cents.

Conclusion: Hold NuScale Stock

NuScale’s partnerships and regulatory achievements suggest long-term potential in the SMR market. However, the absence of a major customer and supply chain issues present significant obstacles to near-term execution.

Currently, SMR holds a Zacks Rank #3 (Hold).