NuScale Power Shares Plummet 85% as Commercial Deals Remain Elusive

NuScale Power (NYSE: SMR) has seen its market value fall about 85% since July 2025, with its share price sliding to roughly $8.5 after a steep decline. The company is the only advanced reactor developer whose small modular reactor (SMR) design has been certified by the U.S. Nuclear Regulatory Commission, giving it a regulatory head start. However, the firm lacks firm commercial contracts, and quarterly revenue has collapsed from around $8 million in 2025 to $0.6 million in the first quarter of 2026.

NuScale’s most significant potential catalyst is a 6‑gigawatt SMR project for a major northeastern U.S. utility, for which a power‑purchase agreement is expected by the end of 2026. Analysts hold mixed views: price targets range from $9 to $19, with a consensus “hold” rating and a median target of about $15. The company posted a loss of $0.14 per share and a negative net margin of over 2,000%, and its market capitalization stands at about $3.1 billion. Bank of America estimates the long‑term global nuclear market at $10 trillion, underscoring the sector’s potential despite NuScale’s near‑term challenges.