Core Viewpoint - Oklo Inc. shares surged following the advancement of a key regulatory milestone for its Aurora Powerhouse reactor, driven by accelerating approval timelines, increasing U.S. electricity demand, and strong bipartisan support for next-generation nuclear power [1][5]. Financial Performance - Oklo reported a second-quarter loss of $28 million, translating to a loss of 18 cents per share, which was worse than the estimated loss of 12 cents per share [2][3]. - Revenue projections indicate below $5 million in 2026-2027, rising to approximately $12 million in 2028, and exceeding $21 billion by 2038, reflecting a ten-year CAGR of 112% [8]. Regulatory and Market Position - The company is currently undergoing Phase 1 of the pre-application readiness review for the combined license application (COLA) for the Aurora Powerhouse, with approval timelines expected to compress from over two years to about 18 months [4][5]. - Oklo's technical positioning allows it to utilize down-blended uranium and plutonium-based fuels without enrichment, providing fuel optionality as initial units are deployed [6]. Industry Support and Growth Potential - There is durable bipartisan political support for nuclear power in the U.S., alongside rising electricity demand from AI and data centers, bolstered by policy initiatives like the ADVANCE Act of 2024 [5][6]. - The company aims for its first powerhouse deployment in 2027-2028 and targets 1 GW installed capacity by 2031 [8]. Analyst Insights - HC Wainwright & Co. analyst Sameer Joshi reiterated a Buy rating on Oklo, raising the price target from $55 to $90, citing ongoing regulatory progress and industry momentum [3][4]. - Gross margins are expected to turn positive in 2029, stabilizing around 65%-75% as powerhouses scale, while total operating expenses are projected to rise from approximately $105 million in 2025 to $2.3 billion in 2038, reflecting a thirteen-year CAGR of 27% [8][9].

Core Insights - Cameco (CCJ) reported a significant increase in second-quarter 2025 results, with revenues rising 47% year over year to $634 million (CAD 877 million) and adjusted earnings per share soaring 410% to $0.51 (CAD 0.71), both surpassing Zacks Consensus Estimates [1][6][11] - Over the past three months, Cameco shares have appreciated by 49.5%, outperforming the industry growth of 2.4% [1][3] - The company has raised its 2025 uranium revenue forecast to CAD 2.8-3.0 billion, anticipating higher realized prices [6][16] Financial Performance - Cameco's uranium revenues increased 47% to $510 million (CAD 705 million), with uranium sales volume up 40% year over year [8] - The average realized price for uranium rose by 5% to CAD 81.03 per pound, despite a 17% decline in the average U.S. dollar spot price [8] - In the Fuel Services segment, revenues surged 37% to $117 million (CAD 162 million), driven by a 52% increase in sales volume [9] Cost and Earnings Analysis - Total cost of sales increased 47% to approximately $449 million (CAD 620 million), with uranium segment costs climbing 45% [10] - Adjusted earnings per share surged 410% year over year, primarily due to stronger equity earnings from Westinghouse Electric Company [11] - Cameco's share in Westinghouse reported net earnings of CAD 126 million, a significant turnaround from a net loss of CAD 47 million in the previous year [11][12] Future Outlook - The company expects its share of adjusted EBITDA from Westinghouse to be between $525-$580 million for 2025 [13] - For 2025, Cameco anticipates uranium revenues of CAD 2.8–3.0 billion and fuel services revenues of $500-$550 million, leading to total revenue guidance of CAD 3.3-3.550 billion [16] - The company is also increasing production at McArthur River and Key Lake to meet rising uranium demand [26][27] Market Position and Valuation - Cameco's stock is trading at a forward price-to-sales ratio of 13.06, significantly higher than the industry's 1.15, indicating a stretched valuation [24] - The company holds C$716 million ($519 million) in cash and cash equivalents, with long-term debt of C$996 million ($722 million) [18] - Despite a strong balance sheet, the current premium valuation and volatility in uranium prices suggest that new investors may consider waiting for a better entry point [28]

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Watch: Turkey has spent decades trying to build a nuclear power plant to boost its energy independence. Now, it’s finally getting one thanks to Russia. https://t.co/Ct03xPFBbL ...

Core Viewpoint - NuScale Power is positioned for significant growth due to its unique market position, accelerated operational timeline, and favorable market dynamics [1][3]. Group 1: Market Position and Timeline - NuScale Power is the only company with U.S. Nuclear Regulatory Commission design approval and is on track to deploy its first commercial reactors within a few years [1][7]. - The timeline for commercial operations has been accelerated, with the expected start of commercial revenue moving up to as early as 2027, compared to previous estimates of late 2028 or 2029 [8]. Group 2: Market Dynamics and Volume - The market for NuScale Power has shown elevated volume, with a 30-day moving average nearing 14 million shares daily, indicating a strengthening market [4]. - The MACD momentum indicator reached record levels, suggesting a high probability of retesting stock price highs, which may create a buying opportunity [5]. Group 3: Financial Position and Institutional Activity - The company has increased its share count and debt but is well-capitalized for 2025, with a sufficient cash position to support operations until commercial launch [9]. - Institutional ownership is robust, with nearly 80% of the stock held by institutions, which have been net buyers throughout the year [10]. Group 4: Analyst Ratings and Price Forecast - The consensus rating for NuScale Power has shifted from Buy to Hold, but increased analyst coverage has firmed long-term outlooks, with no Sell ratings currently [12][13]. - The 12-month stock price forecast averages $33.00, indicating a potential downside of 16.43% from the current price, with a high forecast of $46.00 [12].

There's a reason we use a Japanese word for a catastrophic seismic ocean wave. Japan has had more tsunamis than any place else on Earth. And the massive 9.0% know earthquake 9 days ago and the subsequent tsunami has left nearly 8,500 people dead, some 13,000 missing and nearly a half a million homeless. And it leaves Japan teetering on the edge of a nuclear crisis that has already resulted in measurable amounts of radioactivity turning up in milk, drinking water, and in some crops. Scott P and a 60 Minutes ...

Core Viewpoint - NuScale Power's second-quarter earnings report disappointed investors, leading to a significant drop in stock price, indicating that the company remains a speculative long-term investment prospect [1][6]. Financial Performance - Analysts had forecasted NuScale to generate approximately $11.7 million in revenue, but the actual revenue reported was only $8.1 million, resulting in a loss of $0.13 per share [1][3]. - The company has not yet built any reactors, and thus, earnings were not expected; however, revenue was weaker than anticipated [3]. Cash Management - NuScale has consumed $56.1 million in cash during the first half of 2025, which is less than the cash burned in the same period of 2024, suggesting a potential improvement in cash management [4]. - The company ended the quarter with $489.9 million in cash, cash equivalents, and investments, which is sufficient to sustain operations for nearly five more years at the current cash-burn rate [4]. Market Reactions - Investors are selling NuScale stock due to the absence of significant new announcements in the earnings report and concerns regarding Fluor potentially flooding the market with shares after converting 15 million Class B shares into Class A shares [5]. - The overall sentiment remains that the company's success will depend on its ability to develop and market small modular reactors in the future, making the recent earnings report less impactful [6].

Heat waves across Europe are increasing the need for nuclear power plants to be taken offline, with the situation expected to worsen in the coming decades and few options for mitigation. https://t.co/QuSM7U6jw6 ...

Financial Data and Key Metrics Changes - NuScale reported revenue of $8.1 million for Q2 2025, a significant increase from $1 million in the same period last year, primarily driven by engineering and licensing fees related to the Row Power project [14] - Total liquidity and capital resources stood at $489.9 million as of June 30, 2025, reflecting a decline of $31.5 million from the previous quarter but an increase of $359 million year-over-year [13] Business Line Data and Key Metrics Changes - The increase in revenue was mainly attributed to fees from engineering and licensing work, as well as pre-commercial operational services for the Row Power project [14] - Operating expenses for Q2 2025 were $44.9 million, slightly up from $42 million in the same quarter last year, indicating a disciplined approach to cash management [14] Market Data and Key Metrics Changes - NuScale's SMR technology is gaining traction both domestically and internationally, with ongoing projects in Romania and interest from various sectors including advanced data centers and hydrogen production [10][54] - The company is positioned as the only SMR technology approved by the U.S. Nuclear Regulatory Commission, which enhances its competitive edge in the market [5][9] Company Strategy and Development Direction - NuScale aims to capitalize on the growing demand for clean baseload power, particularly for advanced data centers and industrial applications [7] - The partnership with IntraOne is crucial for project development, financing, and operation, allowing NuScale to focus on technology provision while IntraOne handles project execution [8][70] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding regulatory support for nuclear power, driven by recent executive orders aimed at deploying advanced nuclear technologies [9][48] - The company anticipates increased operating expenses in the latter half of 2025 as it prepares for long lead material purchases to enhance manufacturing readiness [14][16] Other Important Information - NuScale has opened two additional energy exploration centers, bringing the total to 11, aimed at preparing the next generation of nuclear talent [11] - The company is actively engaged in discussions with various potential customers, including the U.S. Government and hyperscalers, to secure contracts for its power modules [63][64] Q&A Session Summary Question: Follow-up on operating expense increase - Management confirmed an expected increase in operating expenses for Q3 and Q4, aligning with efforts to develop 12 modules and enhance supply chain readiness [16][17] Question: Impact of Fleur's stock conversion on business outlook - Management clarified that Fleur's actions regarding stock conversion do not alter NuScale's go-to-market strategy, which remains well-defined and consistent [20][22] Question: Production capacity of Doosan - Doosan can manufacture up to 20 modules per year, and management emphasized the importance of ongoing engagement with suppliers to meet production needs [28] Question: Response to NRC approval and customer engagement - Management noted an increase in customer discussions following the NRC approval, which has opened new opportunities for potential contracts [30][32] Question: Update on Row Power project timeline - The final investment decision for the Row Power project is now expected in mid to late 2026, with ongoing engineering support from NuScale [114][115]

Company Overview and Strategy - NuScale is positioned as a global leader in Small Modular Reactor (SMR) technology, founded in 2007 and years ahead of the competition[8, 9] - The company's SMR technology is the only one approved by the U S Nuclear Regulatory Commission (NRC)[11, 12, 13] - NuScale's strategic partner, ENTRA1, commercializes SMR technology by developing, financing, and operating energy production plants[16, 18, 20] - NuScale remains optimistic about securing a firm order by the end of 2025[23] Regulatory and Project Updates - NuScale is expected to benefit from regulatory tailwinds, including the Inflation Reduction Act and the ADVANCE Act, with multi-billion dollar federal support[24] - The RoPower project in Romania is progressing, with an IAEA SEED advisory mission visiting the site in June 2025[25, 27] - NuScale continues to advance its work to provide six NuScale Power Modules™ to RoPower to support their project at a decommissioned coal plant site in Doicești, Romania[27] Financial Performance - NuScale's Q2 2025 revenue was $8.1 million[31] - Operating expenses for Q2 2025 were $44.9 million, remaining well below the $69.9 million per quarter average in 2023[31, 32] - As of June 30, 2025, the company's liquidity and capital resources totaled $489.9 million[31]