NuScale Power Corp's (SMR, Financial) stock price currently stands at $12.61, witnessing a slight decline of 1.94% today. Despite this drop, the company's stock has seen an impressive growth trajectory throughout 2024, largely driven by growing interest in nuclear energy alternatives. NuScale Power specializes in small modular nuclear reactors (SMR, Financial) and is strategically positioned to capitalize on the global push to triple nuclear energy capacity by 2050. The company's recent agreements, such as ...

Core Viewpoint - NuScale Power's stock has experienced significant volatility in 2024, with a remarkable increase of over 284% year-to-date, driven by growing investor interest and industry support for small modular nuclear reactors (SMRs) [1][2][6]. Company Summary - NuScale Power is a start-up focused on developing small modular nuclear power plants, which are seen as a reliable and cost-effective alternative to fossil fuels, aligning with global efforts to reduce carbon emissions [2]. - The company’s SMR technology is the first to receive design certification from the U.S. Nuclear Regulatory Commission, and it has secured nearly $600 million in cost-share awards from the Department of Energy [6]. Industry Summary - The nuclear energy sector is gaining renewed attention, with significant backing from major financial institutions and technology companies, including a declaration to triple global nuclear energy capacity by 2050 [3]. - Microsoft and Oracle have recently announced plans to invest in nuclear energy to meet their clean energy goals, indicating a broader trend of corporate support for nuclear power [4][5]. - The U.S. government is also investing in SMR technology, with the Department of Energy planning to allocate $900 million and the Export-Import Bank pledging $98 million for an SMR project in Romania [5]. Analyst Sentiment - Analysts have become increasingly bullish on NuScale Power, with firms like CLSA initiating coverage with an outperform rating and a price target of $11 per share, while Craig-Hallum set a target of $16 per share, citing the company's growth potential [7][8]. - The upcoming third-quarter earnings announcement on November 7 is anticipated to provide insights into the company's commercialization progress and financial health, which could further influence stock performance [9].

Core Viewpoint - NuScale Power, a company specializing in Small Modular Reactors (SMRs), has seen its share price increase by nearly 270% in 2024 despite generating only $1 million in revenue last quarter [1][3]. Company Overview - NuScale Power focuses on developing SMRs, which are smaller than traditional nuclear reactors and can theoretically be constructed more quickly [3]. - The company has received approval from the Nuclear Regulatory Commission (NRC) to build its VOYGR-12 power plants, which can consist of up to 12 NuScale Power Modules (NPMs), each generating 50 megawatts of electricity (MWe) [7][8]. Industry Context - Currently, there are few SMRs operational globally, with construction times for large reactors like VOGTLE 3 and 4 in the US exceeding 10 years [4]. - SMRs offer advantages such as reduced energy loss by being built closer to energy demand and the potential for gradual network expansion [5][6]. Challenges Faced - NuScale has encountered significant setbacks, including the termination of an agreement with the Utah Associated Municipal Power Systems (UAMPS) to build its first operational plant due to escalating costs, which rose from $3 billion to $9.3 billion [9][10]. Market Potential - The demand for nuclear energy is expected to grow, particularly for data centers seeking reliable renewable power sources to meet increasing electricity needs [11][12]. - Despite the company's low revenue, the stock price has surged, reflecting optimism about the future of nuclear energy [12]. Valuation Insights - Analysts suggest that NuScale is currently overvalued, with an average price target of $9.69 indicating a potential downside of 22% [13][14]. - The stock is valued at over 43 times its projected sales for the next twelve months, a figure higher than 98% of publicly traded companies [15]. Analyst Ratings - NuScale Power holds a "Moderate Buy" rating among analysts, but there are concerns regarding its valuation and past implementation failures [15][17].

NuScale Power's technology could make nuclear power widely available for companies and countries looking to reduce their carbon footprints. Companies and governments are striving to meet net zero carbon goals by 2050, and banks have realized that nuclear power will be an important part of these goals. On Sept. 23, several major financial institutions expressed their desire to triple nuclear energy capacity globally by 2050. The declaration came during discussions at Climate Week in New York and has the back ...

Group 1 - NuScale Power's shares declined by 3.2% following the British government's decision to exclude the company from the list of competitors for small modular nuclear reactors (SMRs) in the U.K. [1] - The initial list of companies competing for the U.K. SMR program included six firms, but was narrowed down to four, excluding NuScale and EDF from France [2] - The remaining companies in the competition are GE Hitachi Nuclear Energy, Rolls-Royce SMR, Holtec, and Westinghouse, with plans to further reduce the list to two or three for co-funding contracts [2] Group 2 - The exclusion of NuScale from the U.K. program is viewed negatively, as it may influence U.S. regulators' perceptions of the company's technology [4] - The remaining competitors, Rolls-Royce and GE, have market capitalizations of $60 billion and $200 billion respectively, indicating that nuclear power will not significantly impact their overall revenue or earnings in the near term [5] - Investors seeking dedicated investments in nuclear power may need to consider alternatives, as the current options do not provide a pure play in the sector [5]

The nuclear energy surge continues. Shares of NuScale Power (SMR 9.73%) surged as much as 12.3% in trading on Tuesday as the market continues to push nuclear energy stocks higher. Shares gave back some of those gains late in the day, but were still up 7.4% at 3:30 p.m. ET. The nuclear boom continues Over the past few weeks, tech and energy companies have come together to provide a bullish view on the future of nuclear energy. Microsoft and Constellation Energy announced the restart of a reactor on Three Mil ...

NuScale Power Corporation (SMR) shares rallied 11.3% in the last trading session to close at $10.70. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.7% gain over the past four weeks. NuScale is benefiting from increasing electricity demand and strong bipartisan support for advanced nuclear energy solutions, positioning itself as a key player in the transition to decarbonized baseload power. This company is ...

NuScale is working its way toward selling small-scale modular-nuclear reactors one step at a time. NuScale Power (SMR 11.34%) is looking to mass produce small-scale modular-nuclear reactors. It would be a major step forward for nuclear power to have such a product. But building any nuclear power plant, large or small, is a complex task and highly regulated by the government. NuScale's next big hurdle on the way to the finish line will come in mid-2025. NuScale Power operates in a difficult industry The name ...

NuScale Power's technology has the potential to make nuclear power more affordable and flexible, but there are some things you'll want to consider before buying it today. Energy demand is set to explode over the next few decades, driven by growing populations, developing emerging market economies, and the widespread integration of artificial intelligence. In response to carbon reduction goals, companies are undertaking intriguing projects to address the escalating energy demand. Small modular reactors (SMRs ...

NuScale stock might earn a profit in 2028. Can you wait that long? Shares of NuScale Power Corporation (SMR 11.53%) surged 8% through 10:20 a.m. ET Friday after investment bank CLSA initiated coverage of the stock with an "outperform" (i.e., buy) rating and an $11 price target on the $9 stock. If CLSA's right about that, NuScale investors stand to earn 18% profits over the next year -- on top of today's gain. What CLSA said about SMR And yet, if CLSA is optimistic about NuScale stock, it has a funny way of ...