Company Overview - NuScale Power is developing modular, light-water reactor nuclear power plants called VOYGR, with each module capable of generating 77 megawatts of electricity, scalable up to 924 megawatts electric capacity [8] - The company generates revenue by designing, developing, and selling modular nuclear reactors and related energy solutions for electricity generation and industrial applications [8][9] Investment Activity - Virtu Financial LLC established a new position in NuScale Power, holding 579,353 shares valued at $20.86 million at the end of Q3 2025, marking its first disclosed stake in the company [2][6] - This new stake represents 1.16% of Virtu Financial's $1.79 billion in reportable U.S. equity assets [7] - As of November 14, 2025, shares of NuScale Power were priced at $22.45, down 9% over the past year, underperforming the S&P 500 by 22.6 percentage points [7] Market Context - The stock of NuScale Power has experienced volatility in 2025, with a surge in nuclear energy stocks following executive orders from President Donald Trump aimed at boosting the nuclear energy industry [10] - NuScale Power has an exclusive commercial partnership with ENTRA1 Energy, which has secured contracts to deploy up to six gigawatts of nuclear power capacity to the Tennessee Valley Authority across seven states in the U.S., indicating potential sales for NuScale [11]

Core Viewpoint - NuScale Power is positioned as a leading small modular reactor (SMR) technology provider, with a focus on commercialization and strategic partnerships to meet the growing demand for clean energy solutions [1][3][4]. Financial Performance - In the fourth quarter of 2024, NuScale Power reported revenues of $34.2 million and a net loss of $180.3 million [1]. - Year-to-date, SMR shares have decreased by 7.4%, which is better than the declines of 9.1% in the Zacks Computer & Technology sector and 9.5% in the Zacks Electric Power Generation industry [1]. Strategic Initiatives - The company is benefiting from strong demand for clean energy, particularly for AI-supported data centers, which is expected to drive its first-quarter performance [3]. - NuScale Power's collaboration with ENTRA1 Energy is focused on a commercial model that addresses scalability, availability, and reliability, which is crucial for SMR deployments [4]. - A supply chain has been established, including a partnership with Doosan Enerbility, to ensure manufacturing readiness for the first six NRC-approved SMR modules [5]. Manufacturing and Production - NuScale, along with Doosan and ENTRA1, has begun securing long-lead materials for six additional modules to support customer interest in 12-module configurations, which is expected to reduce lead times and meet growing demand [6]. - The transition from a research and development-focused organization to one pursuing commercialization is anticipated to have lowered operating expenses in the upcoming quarter [7].