Shares of this innovative nuclear power stock jolted higher to start the week and never let up. For years, the U.S. government's interest in advancing renewable energy seemed to be synonymous with solar and wind power. On Monday, however, the Department of Energy revealed a new enthusiasm for facilitating the growth of nuclear power -- the type of nuclear power plants that NuScale Power (SMR 5.36%) is intent on developing itself. Investors took note of the announcement, and shares have powered higher throug ...

Are investors in this nuclear power stock missing the fact that NuScale is running out of cash? What do China and Bill Gates have in common? China has 55 reactors in service and is building 27 more. (The U.S. has one.) China's also building them faster, with plans to add 150 new plants by 2035 -- making its nuclear power industry about twice the size of America's. Is NuScale Power stock a buy? Shares of NuScale Power (SMR 2.56%) inched 2% higher through noon ET after a weekend of positive news got investors ...

Company Overview - NuScale Power is a young company founded in 2007 and went public in 2022 [6] - The company has developed a small modular reactor (SMR) nuclear technology that can generate carbon-free nuclear energy for various end uses, including electricity generation, hydrogen production, desalination, and powering data centers [3] - NuScale Power is still in the research and development stage and has yet to commercialize its technology, but it claims to be close to commercial deployment and is focused on advancing revenue-generating projects while securing new orders [5] - The company does not have any debt, which is notable for a start-up [5] Financial Performance - NuScale Power reported a 75% drop in its year-over-year revenue due to the loss of a contract and a 35% rise in net loss for its first quarter last month [2] - The stock was down 69% through the end of 2023 before dramatically rebounding this year, with a 50.5% jump in May alone [6] - The stock has rallied 162% so far this year, as of this writing [10] Industry and Market Trends - Investors expect NuScale Power to benefit from the U S government's moves to boost the local nuclear industry, including the Prohibiting Russian Uranium Imports Act signed into law in mid-May to ban the import of uranium from Russia [2][7] - The government has called nuclear energy "the way of the future" as it strives to build a low-carbon economy, leading to increased investor enthusiasm for nuclear energy stocks [4][7] - The government plans to pump $2 7 billion to ramp up domestic nuclear fuel production [7] Technology and Contracts - NuScale Power's SMR technology is the first and only such technology to have its design certified by the U S Nuclear Regulatory Commission [8] - The company recently won a contract from Standard Power to develop two SMR-powered facilities in Ohio and Pennsylvania that will deploy 24 NuScale Power modules and generate roughly 2 gigawatts of clean energy [8] Revenue and Monetization - NuScale Power has yet to sell and monetize its first product, making it a speculative bet for investors [10] - The company currently generates little revenue from providing engineering and licensing services to potential customers [10]

SMR NuScale's Financial Performance and Strategy $7.67 52-Week Range $1.81 $11.21 NuScale Power Corporation NYSE: SMR is at the forefront of the nuclear energy sector, which is part of the renewable energy sector. NuScale focuses on developing and deploying advanced, small modular reactor (SMR) technology. This innovative approach to energy production promises to deliver clean, reliable, and scalable carbon-free energy, a crucial element in the global energy transition towards a more sustainable future. The ...

NuScale Power recently inked an important contract, but it still has a lot of work to do before its energy- generating business is sustainable. NuScale Power (SMR -6.43%) announced a big deal in October 2023. It was the first order for its small-scale nuclear power plants. A total of 24 units are expected to be used to produce nearly 2 gigawatts of power in Ohio and Pennsylvania. That's great, but don't get too excited. NuScale Power's stock price is up nearly 200% over the past six months. The contract win ...

Company Overview - NuScale Power operates in the nuclear power sector, focusing on small modular reactors (SMRs) that are cost-effective and scalable, with the ability to operate up to 12 units simultaneously [1][2] - The company has obtained U S regulatory approval for its SMR technology, making it the only technology provider and producer of SMRs with such approval [4] - NuScale recently signed a deal to deliver up to 24 reactors for power projects in Ohio and Pennsylvania, marking a significant step forward [4] Financial Performance - NuScale ended Q1 2024 with approximately $130 million in cash on its balance sheet [5] - The company reported a quarterly loss of $16 5 million, driven by $13 1 million in R&D spending, $19 4 million in general and administrative costs, and $12 1 million in other costs [5] - NuScale is still in the development stage, with high costs expected to persist in the foreseeable future, and management acknowledges the likelihood of continued losses [5] Market Sentiment and Valuation - NuScale's stock has surged over 150% in the last three months, reflecting investor optimism about its potential [1][3] - Despite the rally, the company has yet to deliver a single operational nuclear power plant, making it largely a "story stock" at this stage [4][5] - The company's cash balance can only support about three quarters of spending at current levels, indicating a need for additional funding in the near future [5] Industry Context - Nuclear power is a clean energy source that provides consistent output without carbon dioxide emissions, making it a potential complement to variable renewable energy sources like solar and wind [1] - The high cost and image problems associated with large nuclear power plants have hindered widespread adoption, but NuScale's SMRs aim to address these challenges [2] Investment Considerations - NuScale's current valuation may be driven more by speculative optimism than concrete achievements, as the company has not yet proven its ability to deliver reactors at scale or profitably [4][5][7] - The company's long-term success depends on its ability to consistently and profitably produce nuclear power units, which may take years to demonstrate [5][7] - Aggressive investors may consider NuScale as a high-risk, high-reward opportunity, but the stock may still be too early for most investors to buy [1][7]

Investors love unprofitable nuclear power plant company NuScale Power. But I'd prefer to see it earn a profit before buying the stock. Last week was a great week to own nuclear fuel stocks like Cameco (CCJ 1.40%), as the Biden administration announced tenders to buy $3.4 billion worth of nuclear fuel for American atomic power plants. NuScale Power remains a company in start-up mode. While it often boasts it's "the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) n ...

Financial Data and Key Metrics Changes - NuScale reported cash and equivalents of $137.1 million, an increase from $125.4 million at the end of Q4 2023, with no debt [15] - Revenue for Q1 2024 was $1.4 million, down from $5.5 million in Q1 2023, while the net loss increased to $48.1 million from $35.6 million in the same period [15][25] - The company anticipates annualized cost savings of $50 million to $60 million starting in Q2 2024, with a projected cash burn rate of approximately $20 million per quarter [15][25] Business Line Data and Key Metrics Changes - The company is transitioning from an R&D-based model to commercial operations, which includes a one-time charge of $3.2 million related to cost reduction efforts [25] - NuScale has deployed six E2 centers, with four at U.S. universities and two internationally, to support its power plants [13] Market Data and Key Metrics Changes - The U.S. added 32 gigawatts of zero-emissions electricity generation in 2023, but still falls short of the 46 to 79 gigawatts needed to meet Paris Agreement targets [9] - Electricity demand from data centers globally is projected to exceed 1,000 terawatt hours by 2026, more than double the levels of 2022 [10] Company Strategy and Development Direction - NuScale aims to leverage its small modular reactor (SMR) technology to meet the growing demand for clean, reliable energy, particularly from data centers and AI companies [14][20] - The company has formed a strategic partnership with Inter One Energy to enhance its power plant development and ownership capabilities [12] - NuScale is focusing on maintaining competitive advantages in technology, safety, and regulatory success to support its growth in the energy sector [14] Management's Comments on Operating Environment and Future Outlook - Management highlighted the urgency for clean energy solutions driven by the electrification of various sectors, including transportation and technology [18] - The company is optimistic about the market, noting significant interest from hyperscale data center companies and the need for immediate energy solutions [28][45] - Management emphasized that nuclear energy is a critical component of the global energy transition, providing a reliable and sustainable energy source [14][69] Other Important Information - NuScale's standard design approval application for a 77-megawatt design was accepted for review by the U.S. Nuclear Regulatory Commission, with a conclusion expected by July 2025 [13] - The company is actively working on the RoPower project in Romania, with planning for Phase 2 engineering design work ongoing [23][66] Q&A Session Summary Question: What is the timeline for orders from hyperscale data center companies? - Management indicated that there is significant momentum in discussions with hyperscale data center companies, with an immediate demand for energy solutions [54][55] Question: Are there any implications from restrictions on Russian uranium imports? - Management confirmed that there are no implications for NuScale, as the company uses conventional fuel manufactured in the U.S. [30] Question: How many commercial operations are expected before the end of the decade? - Management stated that the capacity to execute is crucial, and they are currently focused on securing long-term power purchase agreements [33] Question: What is the status of the sales and marketing agreement with Inter One? - Management noted that the agreement is for development purposes and is part of a broader strategy to create bankable projects [35][36] Question: What is the cash burn outlook for the second quarter? - Management projected that cash use in the second quarter should be around $20 million, factoring in the anticipated cost savings [37]

NuScale Power Corporation (SMR) came out with a quarterly loss of $0.21 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.22 per share when it actually produced a loss of $0.25, delivering a surprise of -13.64%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.NuScale Power, which belong ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 8-K __________________________________ NuScale Power Corporation (Exact name of registrant as specified in its charter) 12725 SW 66th Avenue, Suite 107 Portland, OR 97223 (971) 371-1592 (Registrant's telephone number, including area code) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 9, 2024 Delaware 001- ...