Core Insights - NuScale Power shares have increased by 7.2% following the release of its second-quarter 2025 results, driven by strong revenue growth and early NRC approval for its 77 MWe SMR design [1][3] - The company reported a loss per share of 13 cents, an improvement from the 31 cents loss in the same quarter last year, although it missed the Zacks Consensus Estimate by 8.33% [1][9] - Revenues for the quarter reached $8.1 billion, a significant increase of 733% from $967 million in the prior-year quarter, but also fell short of the Zacks Consensus Estimate by 11.15% [2] Revenue and Growth - The year-over-year revenue increase was primarily attributed to higher fees from engineering, licensing, and pre-commercial operational services related to the RoPower project [2][9] - For the third quarter of 2025, the Zacks Consensus Estimate for loss is projected at 11 cents per share, unchanged over the past 30 days, with expected revenues of $11.10 million, indicating a year-over-year increase of 2,260.64% [7] Operating Performance - The gross margin for the second quarter of 2025 improved to 22.1% from 12.1% in the same quarter of 2024 [4] - Operating expenses rose by 6.8% year over year to $44.86 million, while research and development expenses decreased by 2.7% to $11.8 million [4] - The company reported a loss from operations of $43.08 million, slightly higher than the $41.8 million loss in the prior-year quarter [5] Balance Sheet - As of June 30, 2025, NuScale Power had cash and cash equivalents and short-term investments totaling $420.7 million, down from $521.4 million as of March 31, 2025 [6] Market Performance - Year to date, NuScale Power shares have appreciated by 119.5%, significantly outperforming the Zacks Computer & Technology sector's return of 13.8% [3]

Group 1: Global Enriched Uranium Landscape - Enriched uranium is defined as uranium with a U-235 isotope content higher than the natural level of approximately 0.711%[10] - The global enriched uranium production capacity is highly concentrated, with four companies accounting for 99% of the market share[28] - By 2030, the total enriched uranium production capacity is projected to reach 70,300 thousand SWU/year, up from 62,900 thousand SWU/year in 2025[28] Group 2: SMR Technologies and Market Trends - The global market for Small Modular Reactors (SMRs) is expected to grow significantly, with installed capacity projected to increase from 1 GWe in 2030 to 122.25 GWe by 2050, reflecting a compound annual growth rate (CAGR) of 27.16%[56] - The U.S. SMR market is anticipated to see a compound growth rate of 4% from 2023 to 2035 due to supportive government policies[86] - As of now, there are 68 active SMR designs globally, with 4 in operation and 4 under construction[51] Group 3: U.S. Enriched Uranium Demand and Supply - The U.S. is projected to face a 30% shortfall in enriched uranium supply due to the ban on Russian uranium imports starting in 2024[89] - The U.S. Department of Energy (DOE) has allocated $3.4 billion to support domestic uranium production capabilities, including enrichment and conversion technologies[93] - The enriched uranium demand in the U.S. is expected to grow significantly, with estimates reaching 1,500 tons by 2030[88] Group 4: Investment and Market Performance - Recent market performance shows a significant increase in stock prices for companies involved in nuclear energy, with Centrus Energy rising by 203% and NuScale Power by 170%[98] - The total funding requirement for SMR projects is estimated at $176 billion, indicating substantial investment opportunities in the sector[67]