NuScale Power shares fall as revenue plunges and SMR rollout delays persist

NuScale Power Corporation (NYSE: SMR) saw its shares tumble to an annual low of $8.64, a steep decline from a year‑to‑date high of $57.42. The slide follows a first‑quarter report showing revenue down 96% year over year to $0.57 million and a net loss of $0.14 per share. The company attributed the weakness to reduced licensing fees from its RoPower technology and lower contributions from Fluor engineering services, while research and development expenses rose.

The firm is the only U.S. nuclear company with a small modular reactor (SMR) design approved by the NRC, but major power projects have been pushed back, with commercial deployment now expected around 2030. A non‑binding agreement with the Tennessee Valley Authority to supply up to 72 reactors could trigger a $507 million milestone payment to partner ENTRA1 Energy, yet the deal remains uncertain. Analyst coverage is mixed: Citi lowered its price target to $7, Bank of America set a neutral $12 target, and UBS cut its target to $13. The consensus rating is “Hold” with an average price target of $15.92. These financial and commercial challenges have pressured the stock despite broader market volatility.