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- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ______________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ____________ Commission file number 001-04321 NUSCALE POWER CORPORATION Delaware 98-1588588 (State or other jurisdicti ...

NuScale Power Corporation (SMR) is scheduled to report first-quarter 2024 results on May 9.The Zacks Consensus Estimate is pegged at a loss of 21 cents per share. In the last reported quarter, it incurred a loss of 16 cents. The Zacks Consensus Estimate for revenues is pegged at 3.15 million, suggesting a decline of 42.8% from the prior-year quarter’s levels.Based in Portland, OR, NuScale specializes in providing innovative advanced nuclear small modular reactor (“SMR”) technology.In the past year, shares o ...

Monty Rakusen/DigitalVision via Getty Images Founded in 2007, NuScale Power (NYSE:SMR) is a US-based company that designs and develops small and modular nuclear reactors. Since going public in 2022 at a price of $10, all-time share performance has been underwhelming overall. However, SMR appears to have gained some momentum as of late. The stock still traded around $3 price level at the beginning of the year. But it trended upwards and rebounded to its debut day price level of $10 in March, a few days after ...

NuScale Power (SMR -25.60%) shrugged off the report of a money-losing fourth quarter last week, but it can't quite shake the effects of a Wall Street sell rating. After Wells Fargo downgraded the stock to underweight yesterday, NuScale shares lost 35% -- and they're losing another 23% through 11 a.m. ET on Wednesday.NuScale's (very) recent ups and downsThe producer of small modular nuclear reactors reported horrible earnings last week: Quarterly sales nearly doubled, but quarterly losses were twice as bad a ...

Easy come, easier go. Yesterday, shares of small modular (nuclear) reactor builder NuScale Power Corporation (SMR -36.39%) soared 29% on the back of a price-target hike from analysts at Canaccord Genuity.Today, though, a different investment bank -- Wells Fargo -- pointed out how crazy that momentum rally looked. Now, NuScale stock is dropping 33% as of 11:45 a.m. ET.What Wells Fargo saidNuScale stock had already tripled this year, as Wells Fargo points out today in a note on StreetInsider.com. The fact tha ...

NuScale Power (NYSE:SMR) stock is up a staggering 29% today after Canaccord Genuity analysts raised its price target to $8 per share from $4.25. Indeed, with today’s gains, NuScale’s rally only continues from its promising fourth-quarter earnings report last week. NuScale has enjoyed plenty of Wall Street love following its earnings report last week. Despite the nuclear reactor company missing earnings per share (EPS) estimates, reporting an EPS loss of -25 cents per share, compared to analyst estimates of ...

The green energy revolution tends to revolve around certain clean energy types. Most notably, wind, solar and battery technology continues to improve, and that’s where most investors continue to focus most intently on. However, shares of NuScale Power (NASDAQ:SMR) are gaining attention today. SMR stock is surging more than 25% on very heavy volume. This nuclear power company is seeing a singificant uptick in interest around a key announcement tied to an upcoming project in Romania.The company put forward a ...