NuScale Power Corporation (NYSE:SMR) is one of the stocks Jim Cramer recently discussed. Cramer highlighted the stock’s decline over time, as he remarked: “NuScale Power, which is trying to build small-scale nuclear reactors. Like the other nuclear plays, this company’s losing fortunes. Its stock, which at one time was at $57, is now at $17 and change, down just 3% for the year. I hope we can stay at that level, but it might not because, well, it’s got a pretty lofty evaluation still.” Pixabay/Public D ...

Core Insights - NuScale Power and Oklo are significant players in the nuclear energy sector, with NuScale focusing on small modular reactors and Oklo on next-generation fission powerhouses and compact fast reactors [1][2] Market Overview - The global small modular reactor market was valued at $5.81 billion in 2024 and is projected to reach $8.37 billion by 2032, with a CAGR of approximately 4.98% from 2025 to 2032 [2] NuScale Power Analysis - NuScale Power holds a unique position as the only small modular reactor vendor with U.S. Nuclear Regulatory Commission (NRC) design approval, enhancing its competitive edge [4] - The company has received approval for a 77-MW uprate, which is crucial for customers seeking reliable power [4] - A significant development is the 6-GW plan with ENTRA1 and Tennessee Valley Authority (TVA), representing the largest small modular reactor program in the U.S. with 72 modules across up to six plants [5] - The U.S.-Japan framework agreement provides strong government support, with potential funding of up to $25 billion for baseload energy projects [6] - NuScale is advancing the RoPower project in Romania, which is nearing completion and generating steady revenues [7] - Despite these positives, NuScale's revenues remain low at $8.2 million for Q3 2025, and it faces substantial milestone payments and non-binding agreements that could delay cash flow [8][9] Oklo Analysis - Oklo is expanding its small modular reactor market presence with a scalable model, starting with the Aurora reactor at Idaho National Laboratory [10][11] - The company is utilizing the U.S. Department of Energy (DOE) authorization pathway to expedite reactor construction and operation [12] - Oklo is advancing multiple reactor programs, including the Pluto test reactor and supporting Atomic Alchemy's reactor for isotope production, enhancing its technology and operational experience [13] - The company is investing in fuel fabrication and recycling facilities to support its reactors and reduce reliance on external suppliers [14] - Oklo has a customer pipeline of approximately 14 gigawatts, primarily driven by data center demand for reliable power [15] Financial Performance Comparison - The Zacks Consensus Estimate for NuScale Power's 2025 bottom line is a loss of $1.64 per share, widening from a previous estimate of a loss of $0.46 [16] - In contrast, Oklo's 2025 bottom line estimate is a loss of $0.61 per share, which has also widened slightly [18] - Over the past six months, NuScale Power shares have decreased by 59.7%, while Oklo shares have increased by 24.7% [19] - NuScale Power's trailing 12-month Price/Book ratio is 10.8X, compared to Oklo's 9.3X, indicating that Oklo may be more attractive for value-seeking investors [20] Conclusion - Both companies are positioned to benefit from the nuclear energy boom, but NuScale Power's long project timelines and small revenues present challenges [23] - Oklo's scalable model, multiple reactor programs, and reasonable valuation make it a more compelling investment option at this time [25]

Group 1 - The article provides a market analysis covering key players in the industry, including Johnson Controls International PLC, Eaton Corporation PLC, Xylem Inc, and Nuscale Power Corp [1] - The analysis highlights the investment opportunities and market trends associated with these companies, indicating a growing interest in sustainable and energy-efficient solutions [1] - It emphasizes the importance of technological advancements and regulatory support in driving growth within the sectors these companies operate in [1] Group 2 - Johnson Controls International PLC is noted for its innovations in building technologies and energy solutions, positioning itself as a leader in the smart building market [1] - Eaton Corporation PLC is recognized for its focus on electrical and industrial solutions, which are critical for enhancing energy efficiency and sustainability [1] - Xylem Inc is highlighted for its water technology solutions, addressing global water challenges and promoting sustainable water management practices [1] - Nuscale Power Corp is mentioned for its development of small modular reactors, which represent a significant advancement in nuclear energy technology [1]

Company Overview - NuScale Power is developing modular, light-water reactor nuclear power plants called VOYGR, with each module capable of generating 77 megawatts of electricity, scalable up to 924 megawatts electric capacity [8] - The company generates revenue by designing, developing, and selling modular nuclear reactors and related energy solutions for electricity generation and industrial applications [8][9] Investment Activity - Virtu Financial LLC established a new position in NuScale Power, holding 579,353 shares valued at $20.86 million at the end of Q3 2025, marking its first disclosed stake in the company [2][6] - This new stake represents 1.16% of Virtu Financial's $1.79 billion in reportable U.S. equity assets [7] - As of November 14, 2025, shares of NuScale Power were priced at $22.45, down 9% over the past year, underperforming the S&P 500 by 22.6 percentage points [7] Market Context - The stock of NuScale Power has experienced volatility in 2025, with a surge in nuclear energy stocks following executive orders from President Donald Trump aimed at boosting the nuclear energy industry [10] - NuScale Power has an exclusive commercial partnership with ENTRA1 Energy, which has secured contracts to deploy up to six gigawatts of nuclear power capacity to the Tennessee Valley Authority across seven states in the U.S., indicating potential sales for NuScale [11]

We recently published 10 Big Names Investors Are Dumping. NuScale Power Corp. (NYSE:SMR) is one of the worst performers on Wednesday. NuScale Power extended its losing streak to a fourth consecutive day on Wednesday, shedding 8.12 percent to close at $15.73 apiece as investors unloaded portfolios on news that it was increasing its authorized capital stock by nearly double. In a regulatory filing on the same day, NuScale Power Corp. (NYSE:SMR) said that it sought the approval of the Secretary of State of ...

Core Insights - Wall Street is increasingly optimistic about nuclear power as a renewable energy source, particularly in light of the growing electricity demands driven by artificial intelligence (AI) [1][2] Group 1: Market Dynamics - The demand for electricity generation in the United States is expected to exceed $1 trillion in capital investments from now until 2029, largely due to AI [3] - Nuclear energy stocks, particularly Oklo and NuScale Power, have seen significant stock price increases, with Oklo rising 733% and NuScale Power increasing 65.6% over the last three years [8] Group 2: Company Profiles - Oklo is developing a small nuclear reactor that utilizes recycled nuclear waste and aims to serve direct-generation needs, such as military applications and data centers [4] - NuScale Power is constructing a small modular reactor (SMR) that has received design approval from the Nuclear Regulatory Commission (NRC) [5] - The standard SMR from NuScale Power is designed to generate 77 megawatts of electricity, contributing to the estimated need for 50 gigawatts of new electricity generation by 2030 [6] Group 3: Financial Performance - Oklo has never generated revenue and lacks an approved reactor design, while NuScale Power generates $64 million in revenue primarily from construction contracts [10] - Both companies are unprofitable, with Oklo reporting negative $68 million in free cash flow and NuScale Power showing negative $283 million [10] Group 4: Investment Considerations - The current investment interest in nuclear energy stocks is largely speculative, with both companies showing minimal revenue and significant cash burn [12] - As of December 15, 2025, both stocks have declined by 50% from their highs, indicating a potential downturn in the nuclear energy trade [13]

Shares of NuScale Power have fallen more than 60% from recent highs. Is now the time to buy?After decades of dormancy and stagnation, nuclear energy is roaring back to life. It's not hard to understand why. As a source of clean energy, nuclear can help companies and nations meet climate objectives. And as a source of reliable, round-the-clock power, nuclear can give artificial intelligence (AI) data centers the juice they need to support ever-growing computational demand.Not all nuclear energy stocks, howev ...

Summary of Key Points from the Nuclear Industry Conference Call Industry Overview - The conference call focuses on the nuclear industry, particularly the outlook for 2026 and beyond, including supply and demand forecasts, pricing, and investor positioning in nuclear equities [1][2]. Core Themes and Insights 1. **US Government Investment in Nuclear** - The US government has partnered with Cameco (CCJ), Westinghouse, and Brookfield, committing over $80 billion to support new large-scale nuclear projects [2][3]. - This investment aims to jumpstart supply chains and mitigate costs for initial projects, addressing concerns from utilities about previous project overruns, such as the Vogtle project, which exceeded its budget by approximately $17 billion [3]. 2. **Future Nuclear Projects and Technology** - The announcement of new nuclear Final Investment Decisions (FIDs) is expected to correlate with available capital and the risk profile of developers. Larger projects, particularly AP1000 technology, are favored over Small Modular Reactors (SMRs) due to established data and government backing [4][6]. - The first large nuclear reactor FID in the US could be announced as early as the first half of 2026 [6]. 3. **Uranium Pricing Outlook** - Uranium prices are projected to rise, with long-term prices increasing from $80/lb to $86/lb since August 2025, driven by renewed nuclear power demand and contracting activity [9][41]. - Spot prices are expected to reach approximately $91/lb by the end of 2026, up from around $76/lb currently [9]. 4. **Nuclear Fuel Supply Chain Developments** - Urenco plans to add 700,000 SWU/year capacity at its New Mexico facility by 2025, and Orano is investing $1.8 billion to increase enrichment capacity by 2.5 million SWU by 2028 [10]. - Updates on uranium refining and conversion capacity expansions are anticipated in 2026 [10]. 5. **Policy and Regulatory Issues** - A final ruling on a Section 232 investigation into uranium imports is pending, which could impact uranium pricing depending on the outcome [11]. - Historical context includes a previous investigation in 2019 that did not result in restrictions but highlighted national security concerns regarding the nuclear fuel supply chain [13]. 6. **Catalysts for SMR Companies** - 2026 is expected to see an acceleration of catalysts for SMR companies, including customer contracts and progress on the DOE's reactor pilot programs targeting criticality for at least three SMR projects by July 2026 [14]. - The European Commission's Strategic Action Plan for SMRs is also anticipated in early 2026 [14]. 7. **Uranium Supply Updates** - Key updates include a public hearing on NexGen's Rook 1 project, which could significantly impact uranium supply in the 2030s [15]. - Kazatomprom has revised its 2026 production guidance down by approximately 10% [16]. Additional Insights - The cumulative uranium deficit is projected to reach 1,914 million lbs between 2025-2045, indicating a structural supply-demand imbalance [24]. - The nuclear sector has seen significant equity performance, with Goldman Sachs' nuclear coverage outperforming the S&P 500 by 124% year-to-date [45]. - Investor interest has shifted towards upstream uranium producers like CCJ and UEC, with expectations of continued upward pressure on uranium prices due to increasing demand from new reactor builds [52]. Conclusion - The nuclear industry is poised for significant growth driven by government investments, rising uranium prices, and a focus on large-scale reactor construction. The landscape for SMRs and uranium supply chains will be critical to monitor as developments unfold in 2026 and beyond [1][50].

Core Insights - Oklo and NuScale Power are both involved in the small modular reactor sector, but their recent quarterly results indicate they are at significantly different stages of development [1] Company Summaries - Oklo operates in the small modular reactor space and has recently reported quarterly results that suggest it is at an earlier stage compared to its competitor [1] - NuScale Power, also in the small modular reactor market, has released quarterly results that reflect a more advanced stage of development relative to Oklo [1]

Core Viewpoint - NuScale Power's stock continues to decline, with a pre-market drop of 2.26% to $19.86, following a 4.69% drop the previous day. Citigroup has reiterated a "Sell/High Risk" rating and significantly lowered the target price from $37.5 to $18.5, citing ongoing revenue pressures despite potential short-term stock price boosts [1][1]. Group 1: Stock Performance - The closing price of NuScale Power on December 10 was $20.32, reflecting a decrease of 4.69% [1]. - The pre-market price on December 11 is $19.86, down by 2.26% [1]. - The stock has a 52-week high of $57.42 and a low of $11.08, indicating significant volatility [1]. Group 2: Financial Metrics - The total market capitalization of NuScale Power is $5.747 billion [1]. - The average price of the stock is $20.306, with a trading volume of 22.479 million shares [1]. - The company has a total share count of 283 million, with a circulating value of $3.321 billion [1]. Group 3: Analyst Insights - Citigroup highlights that while there may be short-term factors that could drive the stock price higher, long-term revenue pressures are expected to persist [1]. - Existing contract-related revenues are declining, and partner Fluor is continuously reducing its stake, which may impact NuScale's financial stability [1]. - NuScale may need to issue additional equity to meet payment obligations, further complicating its financial outlook [1].