Core Insights - NuScale Power has experienced a significant decline in stock performance, transitioning from outperforming the market to underperforming, particularly against the S&P 500 over one-year and three-year periods [3][8] - Despite the recent downturn, there remains potential for a price breakout due to increasing demand for clean energy and the company's asset-light business model [8] - The stock price has dropped over two-thirds since mid-October, influenced by reduced enthusiasm for AI data centers, disappointing quarterly earnings, and large shareholder Fluor's plans to sell its stake [9][10] Performance Comparison - Over the past year, NuScale shares have decreased by 32.8%, while the S&P 500 has increased by 11%, resulting in a difference of -43.8% [6] - Over the past three years, NuScale's return is 69%, compared to the S&P 500's 85.61%, leading to a difference of -16.6% [6] - Since the SPAC merger in May 2022, NuScale has seen an 87% return, slightly outperforming the S&P 500's 80% return by 7% [6] Market Sentiment - The initial enthusiasm for NuScale's potential in the small modular nuclear reactor market has waned, contributing to the stock's decline [7] - The company's involvement in a deal with the Tennessee Valley is not expected to generate significant revenue in the near term, further dampening investor sentiment [9] - The recent quarterly earnings release was poorly received, exacerbating the stock's downward trajectory [10]

Industry Overview - Nuclear energy is experiencing a renaissance due to rising electricity demands, government initiatives, and recognition of its safety and cleanliness [1] - The market for nuclear energy projects is seeing a resurgence, with start-ups capitalizing on this trend and their stock prices increasing [1] Company Analysis: NuScale Power - NuScale Power has developed a small modular reactor (SMR) that is the only one approved by the Nuclear Regulatory Commission (NRC) [4] - Each SMR can generate 77 megawatts of power, but none have been built yet, as utilities are still exploring potential uses [4] - The company has a market capitalization of approximately $7 billion and holds close to $1 billion in cash [6] - Despite having an approved reactor design, NuScale has not secured any contracts with utility providers and has never generated a profit [7] Company Analysis: Oklo - Oklo is focused on fast-reactor technology that uses recycled nuclear fuel, aiming for a more cost-effective and efficient process [5] - The company plans to vertically integrate its supply chain with its own nuclear recycling facility and a radioisotopes business, but its reactor designs are not approved by the NRC [5] - Oklo has a market capitalization of around $13 billion and has generated zero revenue since its inception [2][5] Investment Comparison - Between NuScale Power and Oklo, NuScale is considered a better investment due to its approved reactor design and stronger cash position [6] - Oklo's lack of an approved reactor design and higher market cap suggests it may take years to generate revenue, if at all [6] - Overall, while NuScale appears to be a better option, neither stock is recommended for a rational investor's portfolio [8]

Group 1 - NuScale Power's shares fell by 6% while the S&P 500 and Nasdaq Composite rose by 0.9% and 0.6% respectively [1] - UBS analyst Jon Windham maintained a "Neutral" rating for NuScale but cut the price target from $38 to $20, indicating a significant reduction in expected upside [2] - Concerns over potential cash flow issues from a major project were cited as reasons for the price target reduction [2] Group 2 - The energy demands of artificial intelligence (AI) were initially expected to drive up energy needs, benefiting nuclear companies like NuScale [3] - Recent news revealed that Meta Platforms is negotiating to purchase energy-efficient chips from Alphabet, which may indicate a shift towards more energy-efficient models, potentially reducing demand for NuScale's offerings [4][5] - Investor sentiment appears to be affected by the perception that the industry may be moving towards energy-efficient solutions, leading to concerns about NuScale's future [5] Group 3 - The UBS analyst's note suggests that while NuScale may have potential, the current valuation is not justified due to numerous uncertainties [5] - Other investment recommendations have emerged, with analysts identifying ten stocks that are considered better investment opportunities than NuScale [6][7]

Core Viewpoint - NuScale Power's stock experienced a significant decline following a bearish outlook from UBS, which revised its price target down by approximately 47% [3][4]. Group 1: Stock Performance - Shares of NuScale Power ended the previous trading session over 4% higher but are now down 6.7% as of midday trading [1]. - The stock's closing price on Monday was $19.94, and the new UBS price target implies it was fairly valued at that market close [4]. Group 2: Analyst Insights - UBS has lowered its price target for NuScale Power from $38 to $20 while maintaining a neutral rating, citing the company's third-quarter 2025 financial results and payment timing related to a partnership with ENTRA1 Energy [3]. - Earlier in November, Northland analyst Jeff Grampp also reduced the price target for NuScale Power from $40 to $30 [4]. Group 3: Investment Considerations - Despite the recent price target cut, NuScale Power is still viewed as a compelling investment opportunity in the advanced nuclear energy sector [6][8]. - The Motley Fool suggests that potential investors should consider longer holding periods rather than reacting solely to short-term analyst price target changes [5][8].

Core Insights - November experienced a significant correction in the advanced nuclear energy sector, particularly affecting small modular reactor (SMR) and microreactor companies, which saw substantial stock price declines [1][3] - Industry leaders Oklo Inc., NuScale Power Corp., and Nano Nuclear Energy Inc. have lost over a third of their valuations within weeks, with NuScale Power declining approximately 55%, Oklo by about 39%, and Nano Nuclear Energy by around 37% [2][3] Market Dynamics - The sell-off followed a previous surge fueled by hype around the demand for carbon-free power from AI data centers, but the market began reassessing the risks associated with long-term nuclear investments [3] - The correction highlights the speculative nature of investing in nuclear stocks, despite supportive global energy policies and AI demand [3] Company-Specific Challenges - All three companies are in the pre-commercialization phase, resulting in minimal to no operating revenue, making them vulnerable to market sentiment shifts [4] - The commercial deployment of their technologies is still years away, leading to high cash burn rates and ongoing operating losses, which challenge investor patience [4] - The broader correction in tech and AI-related stocks in November, driven by valuation concerns, also impacted advanced nuclear infrastructure investments [4]

Core Insights - The AI revolution is at a critical juncture, similar to the dot-com bubble, but with a focus on physical infrastructure rather than speculative software [2][3] - There is a significant shortage of physical resources necessary for AI, including reliable electricity and rare earth minerals, creating a tangible asset play for investors [3] - Companies like NuScale Power, MP Materials, and USA Rare Earth are well-positioned to capitalize on the demand for infrastructure supporting AI [4][6] Company and Industry Summaries - The demand for baseload power for AI data centers is increasing, making advanced nuclear energy essential, with NuScale Power leading in regulatory approvals for Small Modular Reactors (SMRs) [4][6] - NuScale Power has secured a commercial agreement for large-scale deployment of its SMR technology, enhancing its market position [5][6] - MP Materials benefits from government pricing support, ensuring revenue stability and potential for vertical expansion in the rare earth supply chain [6] - USA Rare Earth is enhancing its domestic supply chain through strategic acquisitions and is on track to launch its magnet manufacturing facility [6]

Core Insights - First Hydrogen Corp. has initiated technical research in collaboration with the University of Alberta to identify non-radioactive molten-salt fuel mixtures for small modular reactors (SMRs) [1][2] - The research aims to optimize reactor fuel materials and guide future R&D steps, including lab setup and supplier engagement [1][2] - The project is expected to advance First Hydrogen's commercial scale-up objectives in the clean energy sector [2][4] Research and Development - The research will focus on selecting surrogate mixtures that mimic the thermophysical behavior of uranium-bearing fuel salts, prioritizing those suitable for near-term lab evaluation [2] - Prof. Muhammad Taha Manzoor's team will analyze the availability and procurement options for the selected molten-salt mixtures, considering regulatory requirements [2] Industry Context - Molten-salt fuels are gaining attention for their safety, efficiency, and flexibility in nuclear energy applications, allowing for better heat transfer and safer operating conditions compared to conventional solid fuel rods [3] - The International Energy Agency (IEA) projects that electricity consumption for data centers will more than double from 415 terawatt-hours (TWh) in 2024 to 945 TWh by 2030, driven by advancements in artificial intelligence [5] Company Vision - First Hydrogen aims to integrate clean energy solutions for data centers, AI, and green hydrogen production, aligning with its long-term vision for SMRs [4] - The company is committed to developing advanced clean energy solutions, including green hydrogen from state-of-the-art SMRs, to meet global climate goals [7]

Core Insights - NuScale Power is a $5 billion provider of advanced nuclear small modular reactor (SMR) technology, facing significant financial challenges after reporting a Q3 loss of $1.85 per share, wider than the previous year's loss of 18 cents and the Zacks Consensus Estimate of a loss of 11 cents [1][2] - The company's EPS Consensus for the year has been revised from -$0.50 to -$1.64, indicating an annual loss increase of over 490% [2] - Despite reporting revenues of $8.24 million for the quarter, a 1,635% increase from $0.48 million year-over-year, this figure missed the Zacks Consensus Estimate by 25.7% [2] Financial Performance - Operating expenses surged by 1,213.5% year-over-year to $541.15 million, while gross margin decreased to 32.9% from 37.9% [13] - The company reported an operating loss of $538.44 million, significantly wider than the loss of $41.02 million reported in the same quarter last year [14] - As of September 30, 2025, NuScale had cash and cash equivalents of $692.1 million, up from $420.7 million as of June 30, 2025 [14] Strategic Developments - NuScale's technology design is the first and only SMR to receive certification from the U.S. Nuclear Regulatory Commission (NRC), positioning it favorably in the market [5][9] - The company is involved in a significant partnership with ENTRA1 Energy, which is set to receive up to $25 billion in investment capital under a $550 billion U.S.-Japan Framework Agreement aimed at expanding energy infrastructure [5][6] - This initiative is expected to support the growing energy demand from AI data centers and manufacturing, while also creating thousands of jobs and enhancing U.S. energy independence [7][8] Market Dynamics - The SMR industry is gaining traction, with strong support from both the U.S. and Japan, as well as increasing interest due to the anticipated demand for energy solutions [9][10] - However, the stock has experienced volatility, with a significant sell-off attributed to the planned monetization of shares by major shareholder Fluor, which holds approximately 39% of the company [11][12] - The stock price fell from $53 to $33 in October but showed some recovery, indicating potential investor interest despite ongoing financial challenges [12]

Core Insights - NuScale Power has been a prominent player in the U.S. nuclear renaissance, but its stock has seen a significant decline of 46% over the past three months as of November 21 [1] - Over the past year, NuScale Power's stock has underperformed the market, dropping 29% compared to an 11.4% increase in the S&P 500, resulting in a decrease in value from $100 to $70.90 for investors [6] - The stock experienced a temporary boost following President Trump's executive orders aimed at promoting nuclear energy, but this momentum has not been sustained [4][9] Company Performance - Despite a strong performance in the spring, NuScale Power's stock has struggled to recover after a decline in late 2024 and early 2025 [4] - Investors have become more cautious, reducing their positions in the company, which has lost some of its previous appeal [5] - The volatility in NuScale Power's stock is expected to continue, leading some investors to consider nuclear energy exchange-traded funds as a safer alternative [7] Market Context - The nuclear energy sector is still in the early stages of a renaissance, suggesting that it may be premature to dismiss NuScale Power as a growth opportunity [7] - The company's stock price has dropped nearly 40% in the last three months, reflecting broader market challenges [9] - Analysts have identified other stocks that may offer better investment opportunities than NuScale Power at this time [10]

Core Insights - NuScale Power is developing small modular reactors (SMRs) that are smaller, quicker to construct, and suitable for remote locations, making them a unique offering in the U.S. nuclear energy market [1] - The stock of NuScale Power surged 200% in 2025 due to supportive policies from the Trump administration and the U.S. Army's Janus program announcement, indicating strong investor interest [2] - As of November 13, 2025, NuScale Power shares were priced at $23.15, reflecting a 7.33% decline over the past year, underperforming the S&P 500 by 19.9 percentage points [3] Investment Activity - Samsung C&T Corp increased its holdings in NuScale Power by 2,578,702 shares in Q3 2025, raising the total stake to 5,185,804 shares valued at approximately $186.69 million [4] - Institutional investors like Samsung C&T are capitalizing on the nuclear energy boom driven by rising demand for clean energy from sectors such as AI data centers and semiconductor manufacturing [5] Market Potential - NuScale Power's commercialization partner, ENTRA1 Energy, is securing significant contracts, highlighting the growth potential for NuScale Power [6] - Despite the potential, NuScale Power has yet to bring its SMR technology to market and generate revenue, indicating possible stock volatility [6]