NuScale Power Corporation (SMR) AI Stock Analysis

NuScale Power Corporation, based in Portland, Oregon, is a developer and vendor of modular light water reactor nuclear power plants. Founded in 2007 and operating as a subsidiary of Fluor Enterprises, Inc., the company creates scalable energy solutions for electricity generation, district heating, desalination, hydrogen production, and industrial process heat applications. Its primary product is the NuScale Power Module, a water reactor designed to produce 77 megawatts of electricity (MWe). NuScale also offers customizable larger-scale plant designs, including the VOYGR-4, VOYGR-6, and the VOYGR-12 power plant capable of generating up to 924 MWe.

NuScale reported FY2025 revenue of $31.5M, down 15.0% from $37.0M in FY2024, after rising from $2.9M in FY2021, $11.8M in FY2022, and $22.8M in FY2023. Gross margin was 36.3% in FY2025, compared to 86.7% in FY2024 and 16.9% in FY2023. Operating margin was -2190.6% in FY2025, with net loss expanding to -$355.8M and EPS reaching -$2.89. In the latest quarter ended June 30, 2026, quarterly revenue fell 99.1% year-over-year, bringing trailing twelve-month revenue to $10.7M and operating margin to -85337.3%.

As of June 30, 2026, NuScale held $1.07B in cash and short-term investments against $5.9M in total debt, leaving net cash of $1.07B. The company recorded a current ratio of 37.88 and a debt-to-equity ratio of 0.00, supported by shareholders' equity of $2.06B. For FY2025, operating cash flow was -$459.6M and free cash flow was -$460.1M, with capital expenditures of $508,000. Cash was bolstered through $1.31B in share issuance in FY2025, and share count expanded 275.4% over 5 years.

NuScale trades at a price-to-sales multiple of 223.8x and an EV-to-revenue multiple of 233.0x, compared to the median of 1.5x price-to-sales for its US-listed Industrials peers. Its price-to-book ratio is 1.7x. Over the past year, SMR fell 87.8%, while the S&P 500 (SPY) returned 16.8%. Over a 5-year period, SMR declined 41.3%, trailing the S&P 500 return of 83.0%. The stock trades 49.3% below its 200-day average.

Wall Street analysts hold 5 Strong Buy, 1 Buy, 9 Hold, 1 Sell, and 2 Strong Sell ratings on SMR. The mean price target is $11.77, which is 101.8% above the last close of $5.83. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$0.48 on revenue of $24.0M. For the next fiscal year, 10 analysts project revenue to reach $129.6M with EPS of -$0.73. The company achieved 0 EPS beats over the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of NuScale Power Corporation (SMR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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