RICHMOND, Va., July 10, 2024 /PRNewswire/ -- Dominion Energy Virginia today announced it has issued a Request for Proposals (RFP) from leading SMR nuclear technology companies to evaluate the feasibility of developing an SMR at the company's North Anna Power Station in Louisa County, Va. For several years, utilities, state and federal agencies and leading technology firms have explored SMRs as the next generation of carbon-free nuclear power in the U.S. SMRs have the same reliability and environmental benef ...

Lack of profits plus a possible challenge to its technology make NuScale Power a risky investment. Will China make NuScale obsolete? Is NuScale Power stock a sell? That's fine as long as nuclear fission, used in SMRs, remains the cutting-edge technology. But as The Wall Street Journal reported this morning, there's a new technology on the horizon, nuclear fusion, and China is taking the lead in the race to commercialize it. But China is now racing to make it a reality. It is investing twice as much money an ...

June is busting out all over -- and so is this nuclear energy stock. After a strong performance last week, shares of NuScale Power (SMR -0.58%) have continued to climb this week. That earlier surge was prompted by news that the Department of Energy planned to provide $900 million in funding to support the deployment of small modular reactors (SMRs) of the type that NuScale is developing. But the catalyst for the nuclear energy stock's latest rise appears to have been an analyst's auspicious outlook on the c ...

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 ...