Core Viewpoint - The nuclear energy sector, particularly small modular reactors (SMRs), is experiencing a resurgence, with NuScale Power positioned as a potential leader in this market due to its innovative technology and strategic projects [4][11]. Industry Overview - The Global X Uranium ETF has seen a recovery from a low of $5.97 in March 2020 to approximately $41, while uranium's spot price has increased from $30.82 to nearly $60, driven by low-carbon initiatives and rising demand [3][4]. - The demand for uranium has outstripped supply due to mine closures and geopolitical factors, leading to renewed interest in nuclear energy stocks [3][4]. Company Profile: NuScale Power - NuScale Power specializes in the development of small modular reactors (SMRs) that are compact and can be deployed in less-than-ideal locations for traditional reactors [6][7]. - The company has received Standard Design Approvals (SDAs) from the U.S. Nuclear Regulatory Commission for its SMR designs, indicating regulatory progress [7]. - NuScale's market cap is approximately $5 billion, with a current stock price around $18.68, reflecting significant volatility in its valuation [5][10]. Financial Performance and Projections - NuScale has not yet sold any SMRs but is generating revenue through front-end engineering and design (FEED) studies, particularly in Romania and for the Tennessee Valley Authority [8][9]. - Analysts project a compound annual growth rate (CAGR) of 98% in revenue from $37 million in 2024 to $289 million by 2027, driven by new projects and market demand [11]. - The nascent SMR market is expected to grow at a CAGR of 42.31% from 2024 to 2035, positioning NuScale favorably as a first mover [12]. Market Challenges and Future Outlook - Despite high valuations and near-term volatility, NuScale's stock could rebound as it advances its projects and secures more customers by 2026 [13]. - Current market conditions, including high Treasury yields and investor caution, are impacting speculative stocks like NuScale, but potential future developments could lead to a quick recovery [13].