Shares of NuScale Power Corporation (SMR 13.48%) fell 39.5% in December, according to data from S&P Global Market Intelligence. The small modular nuclear reactor (SMR) start-up pulled back last month after a monster run for most of 2024, likely due to a broad pullback for growth and artificial intelligence (AI) stocks in the month. An announcement from competitor GE Vernova may have catalyzed the sell-off as well. Over the last year, NuScale Power stock is up over 800%.Here's why NuScale Power stock fell in ...

This little nuclear reactor maker might have a lot of upside potential.NuScale Power (SMR 3.85%) has been a divisive stock ever since it went public by merging with a special purpose acquisition company in May 2022. The bulls were initially impressed by the disruptive potential of its small modular reactors (SMRs), which can be deployed in areas that aren't well-suited for traditional nuclear reactors. The bears claimed its stock was overvalued and it would struggle to scale up its capital-intensive busines ...

Shares of NuScale Power (SMR -1.06%), a developmental-stage maker of small modular reactors, initially popped this morning on an announcement from the White House on expanding nuclear energy production.While the stock jumped as much as 13% in morning trading, it gave back those gains amid a broader pullback in small-cap stocks in a sign that the boom from Trump's election was fading.As a result, the stock closed down 1.1% while the Russell 2000 fell 1.8%, with the small-cap index giving back all of yesterda ...

Core Message - SAIHEAT Limited announces the integration of HEATNUC, an advanced Small Modular Reactor (SMR) system designed to power AI computing centers, addressing the unique energy demands of AI-driven infrastructure [1] HEATNUC Overview - HEATNUC is a modular, integrated SMR system that provides stable, high-capacity, and clean energy for AI computing centers, leveraging nuclear power and innovative technology to reduce licensing and verification time and costs [2] - The system features closed-loop recycling of waste heat from nuclear and AI computing, enhancing energy efficiency and enabling deployment in remote and harsh environments [2] - HEATNUC is designed to be cost-effective, reliable, and sustainable, meeting the long-term power needs of AI computing centers with zero-carbon operations [3] Key Advantages of HEATNUC - **Environmental Compliance**: Zero emissions, zero pollution, and full carbon-neutral operations [4] - **Efficient Construction**: Prefabricated, modular, and plug-and-play design allows for easy installation and decommissioning [4] - **Low-Operational Demands**: Intelligent monitoring and diagnostic systems minimize staffing needs and enhance safety through proactive accident prevention [4] - **Sustainable Energy Recycling**: Combines nuclear energy with recovered waste heat and storage solutions to maximize energy utilization [4] - **Cost Reduction**: Shortened verification and licensing periods, reduced construction cycles, and minimized operational costs contribute to significant savings [4] - **Open Source**: SAIHEAT provides open-source designs and resources to reduce electricity costs for data centers and promote clean energy adoption [4] Deployment and Impact - HEATNUC's deployment will enable AI computing centers worldwide to meet increasing energy demands sustainably, with compatibility in remote and challenging environments [5] - The technology supports global zero-carbon and intelligent energy goals, revolutionizing AI energy strategies [5] About HEATNUC - HEATNUC is SAIHEAT's power module, focusing on Gen III+ PWR and Gen IV SFR and HTGR technologies for AI center energy solutions [6] - The reactor features self-driven accident prevention mechanisms and an intelligent defense-in-depth safety approach, making it one of the safest SMR options available [6] About SAIHEAT - SAIHEAT Limited provides integrated energy services for next-generation data centers, including the thermal module HEATWIT for data center liquid cooling and heat recycling, and the power module HEATNUC for modular nuclear power development [7] - The company became publicly traded on Nasdaq in May 2022 through a merger with TradeUP Global Corporation [8]

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].

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 ...

Investment Strategy - Michael Wiggins De Oliveira is an inflection investor, focusing on buying cheap companies when their narrative is changing and profitability is expected to increase significantly over the next year [1] - The investment strategy is concentrated, with a portfolio of approximately 15 to 20 stocks and an average holding period of 18 months [1] - The focus is on tech and "the Great Energy Transition," including uranium [1] Professional Background - Michael has over 10 years of experience analyzing companies, with significant expertise in tech and energy sectors [1] - He has a following of over 40K on Seeking Alpha and leads the investing group Deep Value Returns [1] Deep Value Returns Features - The group provides insights through a concentrated portfolio of value stocks [1] - Offers timely updates on stock picks and a weekly webinar for live advice [1] - Provides "hand-holding" support for both new and experienced investors [1] - Features an active, vibrant, and kind community accessible via chat [1] Affiliation - Seeking FCF is an associate of Michael Wiggins De Oliveira [2]

Amazon's NASDAQ: AMZN latest foray into nuclear energy shows the technology has reached a critical mass. Long known to be a critical component of carbon reduction goals, costs, time constraints, and safety were barriers. Today's difference is Small Modular Reactor technology, which is about to blossom. The name says it all: SMR focuses on smaller, modular reactors that are more accessible, more costefficient to build, and scalable, a win-win for today's big tech companies. Companies like NuScale Power Compa ...