NuScale Power Has Tumbled From All-Time Highs in 2025. Here's What's Next.

Core Viewpoint - NuScale Power's stock has significantly declined from its all-time high of $57.42 to approximately $13, representing a drop of over 77% due to various negative factors affecting investor sentiment [1]. Group 1: Investor Sentiment and Market Conditions - A widespread concern regarding a potential AI bubble negatively impacted NuScale, as the company is positioned to supply power to AI data centers through its small modular reactors (SMR) [2]. - Other nuclear stocks, including Oklo and Nano Nuclear Energy, also experienced declines due to the same negative sentiment surrounding the AI sector [2]. Group 2: Financial Performance - In November, NuScale reported third-quarter earnings that missed estimates significantly, with an expected loss of $0.11 per share compared to an actual loss of approximately $1.85 per share [3]. - The company received authorization in December to increase its shares from 332 million to 662 million, indicating potential dilution for existing shareholders [3]. - Fluor, one of NuScale's largest shareholders, announced plans to sell its entire stake, further contributing to negative sentiment around the stock [3]. Group 3: Future Prospects - Despite current challenges, there is potential for recovery if NuScale can secure firm sales, with positive developments emerging regarding a project with Romanian nuclear operator Nuclearelectrica [4]. - The project involves building an SMR plant in Romania, approved by shareholders, which will deploy six 77-megawatt modules and aims for commercial operation by 2033 [5]. - However, the long wait for commercial operation may deter investors, especially given NuScale's current cash burn and losses [6].