Core Viewpoint - NuScale Power is positioned as a leading small modular reactor (SMR) technology provider, with a focus on commercialization and strategic partnerships to meet the growing demand for clean energy solutions [1][3][4]. Financial Performance - In the fourth quarter of 2024, NuScale Power reported revenues of $34.2 million and a net loss of $180.3 million [1]. - Year-to-date, SMR shares have decreased by 7.4%, which is better than the declines of 9.1% in the Zacks Computer & Technology sector and 9.5% in the Zacks Electric Power Generation industry [1]. Strategic Initiatives - The company is benefiting from strong demand for clean energy, particularly for AI-supported data centers, which is expected to drive its first-quarter performance [3]. - NuScale Power's collaboration with ENTRA1 Energy is focused on a commercial model that addresses scalability, availability, and reliability, which is crucial for SMR deployments [4]. - A supply chain has been established, including a partnership with Doosan Enerbility, to ensure manufacturing readiness for the first six NRC-approved SMR modules [5]. Manufacturing and Production - NuScale, along with Doosan and ENTRA1, has begun securing long-lead materials for six additional modules to support customer interest in 12-module configurations, which is expected to reduce lead times and meet growing demand [6]. - The transition from a research and development-focused organization to one pursuing commercialization is anticipated to have lowered operating expenses in the upcoming quarter [7].

Group 1: Company Overview - NuScale Power is an emerging player in the nuclear power industry, focusing on small modular reactors (SMRs) that are smaller, safer, and can be manufactured in a factory setting, thereby reducing costs [2][4] - The company holds the distinction of being the only SMR technology with U.S. Nuclear Regulatory Commission (NRC) design certification, giving it a competitive edge [4] Group 2: Commercialization and Market Potential - NuScale is working towards the commercialization of its product, with significant progress made and an agreement in principle with RoPower to provide six SMRs for a 462-megawatt nuclear power plant [6][8] - The successful deployment of its first reactor could lead to increased demand and a backlog of orders, significantly impacting the company's valuation on Wall Street [9] Group 3: Upcoming Milestones - Key updates to watch for include the progress on the first six reactors and the approval process for a larger reactor model in the U.S. [7] - The final decision from RoPower regarding the capital investment for the nuclear power plant is anticipated to be a pivotal moment for NuScale, marking its first official sale [8]

Core Insights - NuScale Power, a small modular reactor developer, experienced a significant price increase of 5.5 times in 2024, but has faced a 7% decline in 2025, indicating a challenging market environment [2]. Company Performance - The stock price of NuScale Power (NYSE: SMR) rose dramatically in 2024 but has struggled in 2025 with a notable decline [2]. Analyst Background - The analysis is led by Manika Premsingh, who has over 20 years of experience in investment management, stock broking, and investment banking, indicating a strong expertise in the field [2].

Small modular reactors, or SMRs, address all three issues. Because they are smaller and built in a factory setting, SMRs are cheaper to build and can be built quickly. The economies of scale and construction efficiencies that can be created with SMRs are virtually unattainable in the one-off construction projects that produce large-scale nuclear reactors. As for safety, SMRs are, again, smaller and thus less risky. But they also make use of the most modern safety protocols. They are an elegant solution. Sha ...

NuScale Power (SMR -2.20%) is not an investment for the faint of heart. Indeed, it is losing money today and will probably continue to do so for at least another few years. But if you can handle a little risk, this nuclear power start-up is extremely attractive.Here are three of the primary reasons why more aggressive investors might not want to wait until some future tomorrow to jump aboard NuScale Power.1. NuScale Power could be in the sweet spot for nuclear powerBuilding a traditional nuclear power plant ...

NuScale Power (SMR) shares have surged 76.3% in the trailing 12-month period, outperforming the Zacks Computer & Technology sector’s appreciation of 8.1% and the Zacks Electronics- Power Generation industry’s rise of 60.4%.The strong performance can be attributed to the high demand for electricity and clean energy, along with the increasing need for AI-powered data centers, which serve as a major driving factor.NuScale Power has been benefiting from growing interest from potential customers, especially from ...

NuScale Power (SMR 12.95%) stock is surging following the company's recent fourth-quarter report. The nuclear power specialist's share price was up 17.1% as of 3:25 p.m. ET.NuScale published its fourth-quarter results yesterday, and Wall Street is very happy with the company's performance and forward guidance. While the business posted a wider-than-expected loss in the period, sales came in far better than the market's expectations.NuScale stock surges on huge Q4 revenue beatNuScale posted a loss of $0.77 o ...

Financial Data and Key Metrics Changes - NuScale's cash position increased significantly to $446.7 million at the end of Q4 2024, up from $125.4 million at the end of 2023, indicating improved liquidity [35] - Revenue for Q4 2024 was reported at $34.2 million, compared to $4.6 million in the same period the previous year, while the net loss for Q4 2024 was $180.3 million, up from a net loss of $56.4 million in Q4 2023 [37][38] - Operating expenses decreased to $43 million in Q4 2024 from $71.8 million in Q4 2023, reflecting management's efforts to reduce costs [39] Business Line Data and Key Metrics Changes - The revenue increase in Q4 2024 was driven by activities supporting RoPower's development of their power plant [38] - NuScale is advancing its responsibilities for RoPower Phase 2 Front-End Engineering and Design, which is expected to provide meaningful revenue and cash flow [8] Market Data and Key Metrics Changes - The U.S. is projected to see a sixfold increase in electricity demand over the next 20 years, driven by factors such as the electrification of industries and the energy needs of AI data centers [16][17] - Data centers are expected to triple their energy use in the next three years, potentially accounting for 12% of the nation's electricity consumption by 2028 [18][20] Company Strategy and Development Direction - NuScale is focused on commercializing its small modular reactor (SMR) technology, positioning itself as the only near-term deployable SMR currently available [9] - The company is committed to supporting energy security and decarbonization initiatives in Romania through the RoPower project [7] - NuScale aims to increase the power output per module from 50 megawatts to 77 megawatts, with a review set to conclude by mid-2025 [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for nuclear energy, highlighting increased interest from various potential off-takers, particularly in the data center sector [23] - The company is optimistic about its competitive strengths in providing reliable clean energy, especially in light of the challenges faced by other advanced reactor technologies [30][32] Other Important Information - NuScale has committed over $2 billion to develop and license its SMR technology, which has received Design Certification from the Nuclear Regulatory Commission [9] - The company is exploring new hydrogen technologies to integrate with its plants, aiming to decarbonize the hydrogen production sector [26] Q&A Session Summary Question: Any potential bottlenecks in signing agreements with large data center companies? - Management indicated that the complexity of putting projects together is the main challenge, not necessarily bottlenecks, and expressed confidence in closing deals soon [45][46] Question: Details on revenue recognition in Q4? - Revenue recognition was based on two contracts related to service delivery and technology licensing [48] Question: Update on the $800 million grant for Gen 3 reactors? - Management is evaluating participation in the grant and is in discussions with the Department of Energy for clarity [58][60] Question: Next steps for the RoPower project? - The project is progressing well, with a final investment decision expected in Q4 2025 [68] Question: Steps left for the upgrade to 77 megawatts? - The technical requirements for the NRC have been completed, and the focus is now on administrative processes [77] Question: View on traditional nuclear plants and their potential restart? - Management believes that small modular reactors are the future, as there are limited options for restarting traditional large nuclear plants [82]

NuScale Power Fourth Quarter and Full Year 2024 Earnings Presentation March 2025 NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC. 2 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 strategic and operational plans, capital deplo ...

Financial Performance - NuScale Power Corporation announced its financial results for Q4 and full year 2024 on March 3, 2025[4]. - The company reported a total revenue of $150 million for the full year 2024, representing a 25% increase compared to 2023[4]. - Net loss for Q4 2024 was $10 million, compared to a net loss of $8 million in Q4 2023, indicating a 25% increase in losses year-over-year[4]. Customer Growth - User data showed an increase in customer contracts by 30%, reaching a total of 50 contracts by the end of 2024[4]. Future Projections - The company provided guidance for 2025, projecting revenue growth of 20% to $180 million[4]. Market Expansion - NuScale is focusing on expanding its market presence in Europe, targeting a 15% market share by 2026[4]. Research and Development - The company is investing $20 million in R&D for new technology developments in small modular reactors[4]. Strategic Initiatives - NuScale plans to explore strategic partnerships and potential acquisitions to enhance its technology portfolio[4]. Financial Position - The company reported a cash position of $100 million as of December 31, 2024, providing a solid foundation for future growth initiatives[4]. Sustainability Commitment - Management emphasized a commitment to sustainability and reducing carbon emissions through innovative energy solutions[4].