NuScale Power (NYSE:SMR) Issues Earnings Results

NuScale Power (NYSE:SMR) posted its quarterly earnings data on Thursday. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03), FiscalAI reports. NuScale Power had a negative return on equity of 56.54% and a negative net margin of 2,066.55%.The company had revenue of $0.57 million for the quarter, compared to the consensus estimate of $7.00 million. The business’s revenue was down 95.8% on a year-over-year basis.

Here are the key takeaways from NuScale Power’s conference call:

• NuScale holds a clear regulatory advantage as the only SMR vendor with NRC standard design approval under 10 CFR Part 52 for its 50 MW and 77 MW modules, which the company says materially de-risks licensing and accelerates customer referenceability.
• The company runs on proven low-enriched uranium (LEU) and has a fuel partnership with Framatome, avoiding HALEU supply constraints that affect many advanced-reactor competitors.
• NuScale reports tangible supply‑chain and factory fabrication progress — Doosan production is active, a multi-sourcing strategy and a recent supplier working group were convened to reduce single‑source risks and increase schedule confidence.
• Strong liquidity provides runway for commercialization, with approximately $1.0 billion at March 31, 2026 and over $1.2 billion by early May, which management says supports continued supply‑chain and manufacturing readiness.
• Commercial deployment hinges on external milestones — definitive PPA/OEM agreements with ENTRA1/TVA and pre‑EPC financing for RoPower could drive meaningful revenue, but those financings and contracts remain contingent and unresolved.

NuScale Power Trading Down 0.5%

SMR stock traded down $0.07 during trading on Friday, reaching $12.52. 37,920,430 shares of the stock were exchanged, compared to its average volume of 39,007,288. The firm’s 50 day moving average is $11.63 and its 200 day moving average is $18.11. NuScale Power has a twelve month low of $8.85 and a twelve month high of $57.42. The firm has a market cap of $4.23 billion, a P/E ratio of -4.29 and a beta of 2.24.

Insider Buying and Selling at NuScale Power

In related news, CTO Jose N. Reyes, Jr. sold 25,951 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $12.22, for a total transaction of $317,121.22. Following the transaction, the chief technology officer directly owned 268,081 shares of the company’s stock, valued at approximately $3,275,949.82. This represents a 8.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $12.07, for a total value of $162,945,000.00. Following the transaction, the director directly owned 26,436,472 shares in the company, valued at approximately $319,088,217.04. This trade represents a 33.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 40,572,082 shares of company stock worth $481,029,608 in the last quarter. Company insiders own 1.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in NuScale Power by 117.8% during the 4th quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock worth $163,176,000 after buying an additional 6,227,747 shares during the period. Morgan Stanley raised its stake in NuScale Power by 81.0% during the 4th quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock worth $74,788,000 after buying an additional 2,361,532 shares during the period. Samsung C&T Corp raised its stake in NuScale Power by 98.9% during the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after buying an additional 2,578,702 shares during the period. Voloridge Investment Management LLC acquired a new position in NuScale Power during the 4th quarter worth approximately $48,993,000. Finally, Geode Capital Management LLC raised its stake in NuScale Power by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 3,221,828 shares of the company’s stock worth $45,662,000 after buying an additional 237,355 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.

NuScale Power News Roundup

Here are the key news stories impacting NuScale Power this week:

• Negative Sentiment: NuScale missed Q1 estimates on both earnings and revenue, reporting a loss of $0.14 per share versus the expected $0.11 loss and just $0.56 million in revenue versus $7.0 million expected; revenue also fell sharply year over year, highlighting continued execution and commercialization challenges. Article Title
• Negative Sentiment: Operating expenses are climbing and RoPower-related activity has slowed, adding to concerns that near-term growth may not be keeping pace with spending. Article Title
• Neutral Sentiment: Fluor fully exited its equity stake in NuScale, which changes the shareholder structure but still leaves Fluor as an EPC partner; investors may view this as a governance/funding shift rather than a direct business setback. Article Title
• Positive Sentiment: Longer-term optimism remains tied to NRC approvals, a potential TVA power purchase agreement later this year, and the 6 GW ENTRA1 program, which could support future demand for NuScale’s small modular reactor technology. Article Title
• Positive Sentiment: Some analysts still see meaningful upside from current levels, with consensus price targets implying about 45% upside if execution improves and earnings estimates trend higher. Article Title

Analyst Upgrades and Downgrades

Several research analysts have commented on SMR shares. TD Cowen downgraded NuScale Power from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Barclays cut their target price on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th. HSBC started coverage on NuScale Power in a report on Thursday, April 23rd. They set a “hold” rating and a $13.00 target price on the stock. Finally, Zacks Research raised NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.38.

About NuScale Power

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.