The nuclear stock rose following its earnings report.Shares of NuScale Power (SMR 8.91%) were moving higher today after the development-stage maker of small modular reactors reported third-quarter results last night.While the numbers weren't the focus, management commentary on its progress seemed to please investors.As a result, the stock was up 4.3% as of 1:42 p.m. ET after being up as much as 19.2% earlier in the session. NuScale takes some more baby stepsNuscale reported revenue of $475,000 in the quarte ...

The red-hot nuclear energy stock has made investors filthy rich this year, but how far can it go?NuScale Power (SMR 10.26%) stock continues to stun investors. It rocketed 65.3% in October, according to data provided by S&P Global Market Intelligence. Thanks to last month's rally and investors' excitement spilling over to this month so far, the nuclear energy stock is up a staggering 550%-plus in 2024, as of this writing.It took only a couple of non-company-specific events in October to send NuScale Power st ...

Financial Data and Key Metrics Changes - NuScale's cash position improved to $161.7 million, with no debt and $5.1 million restricted [36] - Revenue for Q3 2024 was $0.5 million, down from $7 million in Q3 2023, while net loss decreased to $45.5 million from $58.3 million [37] - Operating expenses were reduced to $41.2 million from $93.9 million year-over-year, reflecting cost reduction efforts [38] Business Line Data and Key Metrics Changes - The company reported an operating loss of $41 million, significantly improved from $92.9 million in the previous year [38] - A $20 million customer deposit was announced, related to the RoPower project, indicating progress in pre-engineering services and technology licensing [54] Market Data and Key Metrics Changes - The demand for carbon-free energy is accelerating, particularly driven by data centers, which are expected to increase their power consumption significantly by 2030 [9][8] - Major tech companies are increasingly seeking nuclear energy solutions, with commitments to carbon-free energy [11][12] Company Strategy and Development Direction - NuScale aims to lead in the small modular reactor (SMR) market, emphasizing the importance of nuclear energy in the clean energy transition [24][26] - The company is focused on maintaining a competitive edge through advanced technology, safety, and manufacturing readiness [34][30] Management's Comments on Operating Environment and Future Outlook - Management highlighted the critical role of nuclear technology in meeting the growing energy demands of data centers and supporting sustainability goals [33][72] - The company is optimistic about the future, expecting increased interest from hyperscalers and other potential customers for SMR technology [15][23] Other Important Information - NuScale is the only U.S. NRC approved technology with reactors in production, positioning it uniquely in the market [14][30] - The company is actively engaging with various sectors, including oil and gas, for potential energy solutions [18] Q&A Session Summary Question: Thoughts on FERC rejection of Talen in the Amazon Data Center - Management believes the FERC decision will not hinder market progress and highlights the need for SMRs as a solution for incremental power [41][42] Question: Importance of uprate progress for Part 52 approval - Management confirmed that the uprate approval is on track for mid-2025 and is crucial for scaling up to meet customer demands [45][46] Question: Involvement in recent announcements by tech companies - Management noted that while they are in discussions with major tech companies, the nature of those discussions differs from other market announcements [51][53] Question: Customer deposit related to RoPower - The $20 million deposit is linked to progress on the RoPower project, indicating advancement in pre-engineering services [54] Question: Fuel flexibility for higher power output - Management stated that while higher enrichment fuel could technically be used, the current design does not necessitate it [57][58] Question: Department of Energy $800 million light water reactor program - Management clarified that a competitive process is required to partner with the DOE for the program [61] Question: Natural gas development in light of data center power needs - Management acknowledged that while natural gas remains an option, the long-term commitments to decarbonization by tech companies favor nuclear solutions [63] Question: Approval timelines for the 12 module design - Management indicated that the upgrade approval will apply to both six and twelve module designs, with site-specific licensing to follow [66][67]

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC. Forward-Looking Statements This presentation may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," "anticipates," "plans" or other similar expressions). These forward-looking statements include statements relating to ...

Financial Results Announcement - NuScale Power Corporation announced its financial results for the quarter ended September 30, 2024, on November 7, 2024[3]. - The press release detailing the financial results is attached as Exhibit 99.1[5]. Company Classification and Stock Information - The company is classified as an emerging growth company under the Securities Exchange Act of 1934[2]. - The Class A common stock has a par value of $0.0001 per share and is traded under the symbol SMR on the New York Stock Exchange[2]. - The warrants are exercisable for one share of Class A common stock at an exercise price of $11.50 per share[2]. Financial Metrics and Reporting - The report does not include specific financial metrics or performance indicators for the quarter[4]. - The company has not indicated any new or revised financial accounting standards compliance[2]. - No information on user data, future outlook, or new product developments was provided in the current report[4]. - The report does not mention any market expansion or acquisition strategies[4]. - The filing does not include any liabilities under Section 18 of the Securities Exchange Act of 1934[4].

NuScale Power is a story stock. If you don't believe the story, you probably shouldn't own it. If you do believe the story, enjoy the ride.NuScale Power (SMR -0.68%) isn't a household name. That's not shocking since it has a fairly small market cap of around $1.7 billion and doesn't have a product to sell yet.The interesting thing with this nuclear power stock is that these two facts could be seen as a reason to buy shares and, at the same time, a reason to sell them. Here's a look at the buy, sell, or hold ...

NuScale Power has rocketed skyward thanks to renewed interest in nuclear power. But is it a buy near all-time highs? After the Fukushima nuclear reactor meltdown in 2011, countries around the world reconsidered their dedication to nuclear power. Fast-forward to today, and nuclear power appears to be experiencing a renaissance. This nuclear resurgence is the world in which NuScale Power (SMR -6.78%) operates -- and it represents both opportunities and risks. So is worth buying the stock under $23 a share, wh ...

Nuclear energy is suddenly hot. Nuscale Power looks like a leader. All of a sudden, nuclear energy is trendy. In the last month, three big tech companies, Microsoft, Alphabet, and Amazon, have all signed deals for nuclear energy. That's not a coincidence. The AI race is forcing the tech giants to reckon with how to power the massive data centers they're building to run AI applications like ChatGPT. In fact, the biggest constraint in AI may not be the technology itself, but a source of cheap and available en ...

Companies are betting big on nuclear energy to power AI. We are entering a nuclear energy generation renaissance. Companies and governments around the world are building and restarting nuclear power plants after realizing they are perfect for the growth in electricity demand that is coming from artificial intelligence (AI) and electric cars. It is curious that environmental groups have opposed nuclear energy for decades despite the fact that it produces nearly zero carbon emissions after construction. Howev ...

Nuclear energy stocks are on fire. Shares of NuScale Power (SMR 1.33%) jumped as much as 54.9% in trading this week, according to data provided by S&P Global Market Intelligence, as the market continues to speculate on future nuclear growth. Shares gave back some of those gains late in the week and are up 37.7% from last Friday's close, as of noon ET. Nuclear energy back in the mainstream Artificial intelligence (AI) has caused a big surge in nuclear energy interest because of the immense energy needs of AI ...