Should You Buy NuScale Power Stock While It's Below Its All-Time High?

Company Overview - NuScale Power's stock reached a record high of $51.67 on July 25, representing a significant increase from its opening price of $10.70 after going public on May 3, 2022, but has since pulled back nearly 30% [1] - The company specializes in developing small modular reactors (SMRs) that are prefabricated and can be deployed in areas unsuitable for larger reactors, potentially reducing construction time and costs [3] Regulatory Approvals - NuScale is the only company to have received Standard Design Approvals from the U.S. Nuclear Regulatory Commission (NRC) for its modular reactors, with approvals for both its 50-megawatt and 77-megawatt designs [4] Efficiency and Market Potential - The 77-megawatt designs occupy only 1% of the space of conventional reactors while generating similar power, positioning SMRs as a key solution for the growing demand in cloud, AI, and data center markets [5] Project Developments - The company had to abandon a planned 462-MW plant in Idaho due to rising costs and lack of customer commitments but has since secured an agreement with the Tennessee Valley Authority for deploying up to 6,000 megawatts of SMR capacity, marking the largest deployment in U.S. history, expected to come online by 2032 [6][9] Revenue Generation - Currently, NuScale generates revenue primarily as a subcontractor for Fluor's construction of a new 462-MW plant in Romania, which is still in the front-end engineering and design phase, with a final investment decision anticipated in 2026 [7][8] Financial Outlook - NuScale has a market cap of $5.23 billion, which is 109 times the expected revenue of $48 million in 2025, with projections indicating a narrowing of annual net losses from $137 million to $79 million [9] - Analysts forecast a significant revenue increase to $350 million by 2027, driven by business expansion and favorable project developments [10] Capital Needs and Insider Activity - To support its growth, NuScale may need to raise additional capital, having already tripled its outstanding shares since its public debut, indicating potential dilution [11] - Insider sentiment appears positive, with insiders purchasing nearly eight times as many shares as they sold over the past year, suggesting confidence in the company's future [12]