Shares of this innovative nuclear power stock jolted higher to start the week and never let up. For years, the U.S. government's interest in advancing renewable energy seemed to be synonymous with solar and wind power. On Monday, however, the Department of Energy revealed a new enthusiasm for facilitating the growth of nuclear power -- the type of nuclear power plants that NuScale Power (SMR 5.36%) is intent on developing itself. Investors took note of the announcement, and shares have powered higher throug ...

Are investors in this nuclear power stock missing the fact that NuScale is running out of cash? What do China and Bill Gates have in common? China has 55 reactors in service and is building 27 more. (The U.S. has one.) China's also building them faster, with plans to add 150 new plants by 2035 -- making its nuclear power industry about twice the size of America's. Is NuScale Power stock a buy? Shares of NuScale Power (SMR 2.56%) inched 2% higher through noon ET after a weekend of positive news got investors ...

The young company is yet to commercialize its technology, but investors found a reason to bet on NuScale Power stock. Ironically, NuScale Power reported a 75% drop in its year-over-year revenue because of the loss of a contract and a 35% rise in net loss for its first quarter last month. Why did the stock go parabolic in May, then? It turns out that investors expect NuScale Power to benefit from the U.S. government's moves to boost the local nuclear industry. NuScale Power has developed a small modular reac ...

SMR NuScale's Financial Performance and Strategy $7.67 52-Week Range $1.81 $11.21 NuScale Power Corporation NYSE: SMR is at the forefront of the nuclear energy sector, which is part of the renewable energy sector. NuScale focuses on developing and deploying advanced, small modular reactor (SMR) technology. This innovative approach to energy production promises to deliver clean, reliable, and scalable carbon-free energy, a crucial element in the global energy transition towards a more sustainable future. The ...

NuScale Power recently inked an important contract, but it still has a lot of work to do before its energy- generating business is sustainable. NuScale Power (SMR -6.43%) announced a big deal in October 2023. It was the first order for its small-scale nuclear power plants. A total of 24 units are expected to be used to produce nearly 2 gigawatts of power in Ohio and Pennsylvania. That's great, but don't get too excited. NuScale Power's stock price is up nearly 200% over the past six months. The contract win ...

NuScale Power is up over 150% in the last three months. But the truth is that it might still be too early to buy the stock for many investors. Is it too late to buy a stock that has risen more than 150%? For many stocks the answer would be yes, you've probably missed the boat. But for NuScale Power (SMR 16.64%), the answer may be a more surprising one -- it's probably too early for most investors to consider buying the company. What's going on here? NuScale has a great plan That is where a quick look at the ...

Investors love unprofitable nuclear power plant company NuScale Power. But I'd prefer to see it earn a profit before buying the stock.Last week was a great week to own nuclear fuel stocks like Cameco (CCJ 1.40%), as the Biden administration announced tenders to buy $3.4 billion worth of nuclear fuel for American atomic power plants.This week is starting off on a similarly hopeful note for another (potential) beneficiary of administration support for nuclear energy. Rising only modestly on Friday's bullish n ...

Mark, when we announced our cost savings plan in January, we did mention a savings of $50 million to $60 million on an annualized basis. Our cash from operations for this quarter was about negative $33.5 million. I anticipate that our cash burn on ongoing basis will be sub $10 million. We took a number of one-time charges during the first quarter. I think you're about in the ballpark if you're thinking 20% or low 20% as a quarterly cash burn rate just based on where we stand today. I'm talking about cash fl ...

NuScale Power Corporation (SMR) came out with a quarterly loss of $0.21 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.22 per share when it actually produced a loss of $0.25, delivering a surprise of -13.64%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.NuScale Power, which belong ...

NuScale Power Corporation (SMR) is scheduled to report first-quarter 2024 results on May 9.The Zacks Consensus Estimate is pegged at a loss of 21 cents per share. In the last reported quarter, it incurred a loss of 16 cents. The Zacks Consensus Estimate for revenues is pegged at 3.15 million, suggesting a decline of 42.8% from the prior-year quarter’s levels.Based in Portland, OR, NuScale specializes in providing innovative advanced nuclear small modular reactor (“SMR”) technology.In the past year, shares o ...