NuScale Power
Designs modular light-water reactors and licenses the technology for multi-module nuclear plants.
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Profile
Develops modular pressurized light-water reactors and earns current revenue from engineering, design, and licensing work for proposed plants. Equipment sales and lifecycle services depend on customer projects reaching financing, regulatory approval, and construction.
Designs and commercializes the NuScale Power Module, a 77 MWe pressurized light-water reactor, and scalable VOYGR plants built from multiple modules. Revenue currently comes from engineering, design, and licensing work for proposed deployments; future plans add module and nuclear steam-supply equipment sales, fuel, commissioning, training, and plant-lifecycle services. Commercial activity spans proposed projects in the United States and Romania.
An NRC-approved design built around passive natural circulation, integrated reactor components, and factory fabrication is the core engineering asset. Long-lead materials and a network of component suppliers support deployment readiness, while ENTRA1 holds exclusive worldwide commercialization, distribution, sales, and development rights. Converting the platform into equipment revenue depends on binding customer orders, project financing, country-specific nuclear approvals, and customer construction and operating licenses.
Company facts
Key statistics
Year to date −43.1% · Average volume (30d) 34.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 14, 2026 | B.Riley Financial | Target | $14 | $15 | |
| Aug 11, 2026 | RBC Capital | Reiterate | Sector Perform | $21 | $10 |
| Aug 6, 2026 | Northland Securities | Target | $19 | $16 | |
| Jul 22, 2026 | Barclays | Target | $15 | $11 | |
| Jul 13, 2026 | Truist Financial | Target | $10 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.13 | −$0.13 | +0.2% | $8.8M | $75.0K | −99.1% | +0.96% |
| May 7, 2026Q1 FY26 | −$0.11 | −$0.14 | −27.3% | $7.0M | $565.0K | −91.9% | −0.24% |
| Feb 26, 2026Q4 FY25 | −$0.10 | −$0.80 | −700.0% | $8.6M | $1.8M | −79.0% | −3.60% |
| Nov 6, 2025Q3 FY25 | −$0.14 | −$1.85 | −1,225.0% | $11.1M | $8.2M | −25.5% | −6.53% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.4M | $8.1M | $8.2M | $1.8M | $565.0K | $75.0K | |
| Gross profit | $7.0M | $1.8M | $2.7M | −$61.0K | −$244.0K | −$152.0K | |
| Operating income | −$35.3M | −$43.1M | −$538.4M | −$72.7M | −$57.5M | −$64.0M | |
| Net income | −$14.0M | −$17.6M | −$273.3M | −$50.8M | −$44.0M | −$47.5M | |
| Diluted EPS | −$0.11 | −$0.13 | −$1.85 | −$0.16 | −$0.27 | −$0.29 | |
| Gross margin | 52.4% | 22.1% | 32.9% | -3.4% | -43.2% | -202.7% | |
| Operating margin | -264.1% | -534.9% | -6,532.9% | -4,022.2% | -10,181.2% | -85,337.3% |
Fiscal years (4-quarter sums)FY21 $2.9M · FY22 $11.8M · FY23 $22.8M · FY24 $37.0M · FY25 $31.5M
Revenue by product · Q4 FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.07B · Total debt $5.9M · Total assets $2.05B · Shareholders' equity $2.06B
Dividends
No dividends on record.
Ownership
Shares outstanding — · Float —
Shares outstanding and float — provider count disagrees with the price.
The provider's share count does not square with the market price, so neither it nor anything divided by it is shown.
The institutional figure is the one the filers report, not a quotient recomputed on the share count.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Van Eck Associates Corp | 29.31M | 13F | Aug 14, 2026 | |
| BlackRock, Inc. | 22.37M | 6.50% | 13G | Jul 29, 2026 |
| Vanguard Portfolio Management LLC | 15.15M | 13F | Aug 13, 2026 | |
| Vanguard Capital Management LLC | 14.08M | 13F | Aug 13, 2026 | |
| Marex Group PLC | 12.71M | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Robert Ramsey Hamady | officer: Chief Financial Officer | −29,880 | $9.39 |
| Aug 18, 2026 | Shinji Fujino | director | −20,000 | $8.86 |
| Aug 17, 2026 | Robert Ramsey Hamady | officer: Chief Financial Officer | 0 | |
| Aug 5, 2026 | Carl M. Fisher | officer: Chief Operating Officer | −18,771 | $9.36 |
| Jun 30, 2026 | Robert Ramsey Hamady | officer: Chief Financial Officer | −20,000 | $10.14 |
Peers
- GE Vernova
BWRX-300 (300 MWe BWR SMR) under construction in Canada; TVA Clinch River filed.
- Oklo
Aurora fast reactor; ~18 GW non-binding orders (Meta, Switch, Equinix, DoD).
- Constellation Energy
22 GW U.S. nuclear fleet; Microsoft and Meta 20-year clean baseload PPAs signed.
- Vistra
~6,400 MW nuclear fleet; 3,800 MW in AWS and Meta 20-year PPAs already closed.
- Cameco
49% Westinghouse stake; AP300 SMR (300 MWe PWR) targets NRC cert 2027.
- BWX Technologies
DoD prime for Project Pele microreactor; dominant SMR nuclear OEM.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NuScale Power | $9.28 | +0.05% | $2.77B | — | — | 259.1 | −99.1% |
| GE Vernova | $914.10 | +0.30% | $242.88B | 26.2 | 43.5 | 5.9 | +21.9% |
| Oklo | $40.35 | +0.57% | $6.98B | — | — | 5,771.9 | — |
| Constellation Energy | $277.11 | +0.13% | $99.38B | 26.9 | 22.4 | 3.2 | +23.0% |
| Vistra | $138.00 | +0.67% | $46.22B | 23.1 | 14.6 | 2.9 | −5.5% |
| Cameco | $99.97 | −0.04% | $43.56B | 170.0 | 70.9 | 17.4 | −11.0% |
| BWX Technologies | $153.62 | +0.47% | $14.00B | 39.4 | 30.4 | 4.0 | +18.0% |
| Median | 26.9 | 30.4 | 4.9 | +18.0% |