NuScale Power Corporation

Key Points
Ten large-cap stocks representing five sectors have delivered higher year-to-date gains than Palantir.
Wall Street analysts aren't especially excited about any of them.
Most of the high-flying stocks have exorbitant valuations.
No matter how you look at it, Palantir Technologies (NASDAQ: PLTR) is one hot stock. The share price of the artificial intelligence (AI) and data analytics software company has more than doubled year to date.
Is Palantir the hottest stock on the market? Nope, not by a long stretch. Despite the impressive gain, it's not even the best-performing large-cap stock.
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The top 10
Ten stocks of companies with market caps of $10 billion or more have outgained Palantir so far in 2025:
Data source: Finviz, Yahoo! Finance. *As of intraday trading on July 18, 2025. YTD = Year-to-date.
This list reflects several fast-growing markets. Like Palantir, three of the stocks have strong artificial intelligence (AI) connections. Coreweave is an AI cloud computing provider. Symbotic is a leader in AI-powered robotics for warehouses. NuScale Power makes small modular nuclear reactors that generate electricity, with a special focus on providing power for AI data centers.
Roblox runs a virtual universe for online gamers. It also has AI ties, though. For example, Roblox Cube is a generative AI application that helps users create 3D and 4D objects and scenes for its gaming platform.
Three of the stocks outperforming Palantir this year are in the financial services business. Robinhood is a popular online brokerage. Circle Internet Group specializes in building the infrastructure for stablecoins. Futu Holdings operates a digital brokerage and wealth management platform.
AngloGold Ashanti is a global gold mining company, but it's intertwined with the financial world. The price of gold has skyrocketed due largely to investors' concerns about market volatility.
Two other stocks are flying high -- literally. AST SpaceMobile is building a satellite-based broadband network. Joby Aviation operates vertical takeoff and landing air taxis.
Wall Street's take
Wall Street isn't bullish on Palantir. Only four of the analysts surveyed by LSEG in July recommended buying the stock. The consensus 12-month price target for Palantir is 34% lower than the current share price.
Do analysts have more favorable opinions about the 10 large-cap stocks that have outgained Palantir this year? For the most part, no.
The price targets for Coreweave, Robinhood, NuScale Power, Symbotic, and Roblox are at least 30% below the share prices for these stocks. The average price target for Joby Aviation is more than 50% lower than its share price. Analysts also expect shares of Circle Internet Group, Futu Holdings, and AST SpaceMobile to fall by double-digit percentages over the next 12 months.
Of the 10 large-cap stocks outperforming Palantir in 2025, only one has a consensus price target that reflects positive upside potential -- AngloGold Ashanti. But don't get excited yet. Analysts think the gold miner's shares will rise by less than 3% over the near term.
Are the analysts right?
I suspect Wall Street analysts are right to be skeptical about the near-term prospects of most of these high-flying stocks. The biggest knock against them (with a couple of exceptions) is their exorbitant valuations. That's the main issue for Palantir, too.
However, AngloGold Ashanti's shares trade at only 10.4 times forward earnings even after its huge gains. And while Symbotic's earnings multiples are at nosebleed levels, the stock's price-to-sales ratio is a much more reasonable 1.33.
Any or all of these stocks could continue to soar over the coming months. I think, though, that the best choices are the most attractively valued -- AngloGold Ashanti and Symbotic.
Should you invest $1,000 in AngloGold Ashanti Plc right now?
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Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies, Roblox, and Symbotic. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

These 10 Large-Cap Stocks Have Outgained Palantir in 2025. Here's How Wall Street Thinks They'll Do.

NuScale Power SMR is benefiting from an expanding partner base, which includes major technology companies and financial institutions. This expansion positions SMR as a key player in the future of sustainable, carbon-free energy. The company also continues to attract strong interest from major technology companies and infrastructure capital.
Companies like Meta Platforms, Microsoft, Alphabet and Oracle have made substantial commitments to using nuclear energy, including SMR technology, to meet their sustainability goals, which positively impacts NuScale Power’s market positioning.
Microsoft’s commitment to nuclear energy has further validated the demand for small modular reactor (SMR) technology in powering data centers and heavy industries. Microsoft is also planning an $80 billion investment in fiscal 2025 to build AI-enabled data centers, contributing to the projected six-fold increase in U.S. power demand over the next 20 years.
Companies like Google and Oracle are also showing interest in using SMR technology for large-scale data centers, reinforcing the growing trend toward nuclear solutions for energy-intensive tech operations. As Alphabet, META Platforms, Microsoft, and Oracle align their energy strategies with sustainable nuclear options, the demand for SMR technology continues to gain momentum, positioning NuScale Power at the forefront of this emerging energy market.
NuScale Power has also made significant strides in the manufacturing and commercialization of its SMR technology, including progress with key partners such as Doosan Interability and ENTRA1 Energy, which further solidifies its position in the market.
SMR Faces Stiff Competition
SMR faces stiff competition in the nuclear energy industry from companies such as Oklo OKLO and Constellation Energy CEG.
OKLO’s expanding clientele has been noteworthy. The company signed a memorandum of understanding with Korea Hydro & Nuclear Power in May 2025 to collaborate on the development and global deployment of its advanced nuclear technology. This partnership aims to jointly advance the design and verification of Oklo’s Aurora powerhouse and cooperate on early project development efforts. This collaboration is expected to strengthen OKLO’s position in the global nuclear energy market.
In June 2025, Constellation Energy signed a 20-year power purchase agreement with Meta to supply 1,121 MW of emissions-free nuclear energy from the Clinton Clean Energy Center. Constellation Energy’s deal with Meta ensures the plant’s continued operation post-2027, expands output by 30 MW, and supports Meta’s clean energy goals.
SMR’s Share Price Performance, Valuation and Estimates
SMR shares have surged 157.1% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s appreciation of 8.4% and the Zacks Electronics- Power Generation industry’s rise of 132.6%.
SMR Stock Performance
Image Source: Zacks Investment Research
SMR stock is trading at a premium, with a forward 12-month Price/Sales of 119.52X compared with the Computer & Technology sector’s 6.64X. SMR has a Value Score of F.
SMR Valuation
Image Source: Zacks Investment Research
For 2025, the Zacks Consensus Estimate for loss is pegged at 45 cents per share, which has widened by 3 cents over the past 30 days. SMR reported earnings of 42 cents per share in the year-ago quarter.
NuScale Power Corporation Price and Consensus
SMR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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SMR Benefits From Expanding Partner Base: A Sign for More Upside?

If you’re wondering why Oklo’s stock (NYSE:OKLO) made such a dramatic move lately, you’re not alone. It’s been a rollercoaster—one powered by government deals, nuclear buzz, and, well, a big old stock sale. Let’s break it down in plain terms.
Oklo rallied higher—up nearly 30% at one point—after the company announced it had been selected by the U.S. Air Force to build a small nuclear reactor at Eielson Air Force Base in Alaska. This isn’t just any project. It’s a major credibility boost for a company trying to prove that small modular reactors (SMRs) can provide clean, reliable energy for remote or high-demand sites. While OKLO stock has been volatile, if you seek upside with lower volatility than individual stocks, the Trefis High Quality portfolio presents an alternative – having outperformed the S&P 500 and generated returns exceeding 91% since its inception.
This deal essentially signals: “Hey, the government trusts Oklo’s tech.” That’s gold for a small-cap nuclear innovator. But, right when investors were buzzing with excitement, Oklo also dropped some less thrilling news—it’s issuing $400 million in new shares. That means dilution. In simple terms, your slice of the Oklo pie just got a bit smaller. This often dampens the mood, and sure enough, the stock gave up some of its gains in after-hours trading. Still up, but with a touch of reality. Separately, can oil help bring peace? Check out – Trump’s Russia Math, Simplified.
Oklo only started trading publicly this year, and it’s already made headlines—partly because it’s trying to do something revolutionary: replace diesel generators with clean, compact nuclear power. However, not all the attention has been positive. A previous attempt to get a license for its reactor design was rejected by U.S. regulators in 2022. Oklo says it’s working on a new application, but that uncertainty has kept some investors cautious.
So, what’s next for Oklo? The key things to watch now are whether it can successfully reapply for NRC approval, will the Air Force deal turn into a model for other military or government sites, and lastly, how wisely will it spend the $400 million?
Oklo’s stock jumped on real news—government confidence in its tech. But the follow-up stock sale reminded everyone this is still a high-risk, high-reward bet. Nuclear dreams are heating up—but Oklo still has to power through some big hurdles.
Not too happy about the volatile nature of OKLO stock? The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Oklo Stock Just Took Off?

The Unquenchable Need for AI Energy
According to the World Economic Forum, AI’s computational power needs are soaring, doubling roughly every 100 days. Data center power was just 88 gigawatts in 2022. However, thanks to the buildout of massive data centers (used to train large language models like ‘ChatGPT’) by big tech juggernauts like Alphabet (GOOGL), Microsoft (MSFT) and Meta Platforms (META) that number is expected to increase to more than 300 GW by the end of the decade.
China Vs. US: The Battle for AI Supremacy
It’s no secret to investors that the United States and China have the most significant economic and defense rivalry globally. Each year, the rivalry intensifies, and the AI revolution will only escalate the stakes. Artificial Intelligence is such a groundbreaking technology that whichever country wins the AI race, likely wins the race for superior defense, a robust economy, and global domination.
In past cycles, America’s free market capitalist system has proven to be the best framework for producing technology and new innovations. The US dominated the internet boom, software, and several other industries. While most Wall Street analysts agree that the US is off to an early and slight lead in the AI race, China is hot on their heels. In addition, one critical element threatens the United States’ AI supremacy: energy.
China Dominates Energy Production
Last year, China generated more than 10k terawatt-hours (TWh) of electricity, dominating the US. China currently produces more than the combined output of the US, EU, and India. Meanwhile, China isn’t slowing down its production and continues to produce energy at a blistering pace, with forward projections suggesting that China will produce the equivalent of the US power grid each year!
Image Source: Our World in Data
The Big Beautiful Bill Will Spur Nuclear Demand
The massive and multi-faceted ‘Big Beautiful Bill’ was recently signed into law by President Trump. Nuclear will benefit dramatically from the bill for two reasons:
· US Debt will Soar: The Congressional Budget Office estimates that the BBB will add $3.4 trillion to the US deficit over the next decade. With the deficit set to soar, the US will have no choice but to fully embrace AI and “grow the country out of debt.” (More on that later)
· Solar Subsidies will be Removed: The loss of solar subsidies in the BBB will lead to a natural market force toward cheap and clean nuclear power.
US Seeks to Remove Nuclear Red Tape
US Energy Secretary Chris Wright sent nuclear-related stocks soaring Monday after he posted to social media a message that read:
“Let’s talk nuclear energy: the energy-dense, always-ON energy source that we’ve smothered for decades with regulatory red tape. Under the Trump administration, you’re going to truly see the launch of the nuclear renaissance. The coming years will be HUGE.”
Several uranium, energy storage, and nuclear-related stocks spiked on heavy trading volume after the news, including Cameco (CCJ), Centrus Energy (LEU), NuScale Power (SMR), and Eos Energy Enterprises (EOSE). In addition, Oklo (OKLO), a small modular reactor company where Chris Wright once sat on the board of directors, continued its breathtaking multi-month advance and broke out of a powerful bull flag chart pattern.
Image Source: TradingView
Bottom Line
The race for AI supremacy is intrinsically linked to energy production capabilities. If the US wants to win the AI race, it will have to embrace nuclear in a big way.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nuclear's Moment: Securing US AI Supremacy

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Constellation Energy Corp (Symbol: CEG), where a total volume of 13,901 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.5% of CEG's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $330 strike call option expiring July 18, 2025, with 2,628 contracts trading so far today, representing approximately 262,800 underlying shares of CEG. Below is a chart showing CEG's trailing twelve month trading history, with the $330 strike highlighted in orange:
Wells Fargo & Co (Symbol: WFC) saw options trading volume of 103,464 contracts, representing approximately 10.3 million underlying shares or approximately 58.6% of WFC's average daily trading volume over the past month, of 17.7 million shares. Particularly high volume was seen for the $75 strike put option expiring September 19, 2025, with 5,637 contracts trading so far today, representing approximately 563,700 underlying shares of WFC. Below is a chart showing WFC's trailing twelve month trading history, with the $75 strike highlighted in orange:
And Nuscale Power Corporation Class A (Symbol: SMR) options are showing a volume of 68,680 contracts thus far today. That number of contracts represents approximately 6.9 million underlying shares, working out to a sizeable 56.2% of SMR's average daily trading volume over the past month, of 12.2 million shares. Especially high volume was seen for the $38 strike put option expiring July 18, 2025, with 8,809 contracts trading so far today, representing approximately 880,900 underlying shares of SMR. Below is a chart showing SMR's trailing twelve month trading history, with the $38 strike highlighted in orange:
For the various different available expirations for CEG options, WFC options, or SMR options, visit StockOptionsChannel.com.
Funds Holding BUFB
Funds Holding LFWD
LCAA shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Monday Option Activity: CEG, WFC, SMR

Below is Validea's guru fundamental report for NUSCALE POWER CORP (SMR). Of the 22 guru strategies we follow, SMR rates highest using our Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
NUSCALE POWER CORP (SMR) is a mid-cap growth stock in the Electric Utilities industry. The rating using this strategy is 65% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of NUSCALE POWER CORP
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SMR Quantitative Stock Analysis

Key Points
Shares of small modular reactor developer NuScale Power skyrocketed in 2024 and continued soaring in the first half of 2025.
President Trump's executive orders addressing advancement of the nuclear energy industry represented the primary catalyst for the stock's rise.
There are still considerable risks with an unprofitable company like NuScale Power, so investors looking to mitigate risk may prefer a nuclear energy ETF.
To the chagrin of investors, NuScale Power (NYSE: SMR) stock dipped lower more than 7% through the first four months of 2025, giving back a bit of the whopping 445% gain that it had logged in 2024.
But then May rolled around.
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Thanks to President Trump's enthusiastic support of the nuclear energy industry, shares of small modular reactor (SMR) developer NuScale Power ripped higher and extended their gain in June. All in all, NuScale Power stock soared 120.6% through the first six months of 2025, according to data provided by S&P Global Market Intelligence.
President Trump gives the green light to a niche of the green energy industry
The lack of President Trump's enthusiasm for clean energy-affiliated business from electric cars to wind power has been clear for some time. What became glaringly apparent in late May, however, was his affinity for nuclear energy. On May 23, President Trump issued executive orders meant to spur advancement of the nation's nuclear energy industry -- and NuScale Power investors were paying attention.
Providing a plan for modernizing the country's nuclear energy reactors, Trump's executive orders address several areas of the industry. For one, the orders are meant to expedite the Nuclear Regulatory Commission's process for licensing new reactors. Plus, the orders seek to reduce the time it takes to test advanced reactors -- something of particular note for NuScale Power, which is working toward commercial deployment of its SMR NuScale Power Module.
Particularly noteworthy in the executive orders is President Trump's direction to the Department of Energy to recognize artificial intelligence (AI) data centers as "critical defense facilities." In concert with this, the orders direct the secretary of energy to use "all available legal authorities to site, approve, and authorize deployment of advanced reactors to power them."
With AI companies making hefty investments in developing data center infrastructure, the opportunities for SMR developers like NuScale Power are ample.
While the executive orders represented the major catalyst behind the stock's rise in the first half of the year, that's not to say that there was nothing in June that stoked investors' excitement. On June 5, John Hopkins, the company's CEO, revealed in a discussion with Axios Pro that NuScale Power is communicating with several "tier 1" hyperscalers that are interested in purchasing power from the company.
What can investors expect in the remainder of 2025
In light of NuScale Power stock's climb in 2024 and through the last six months, it seems reasonable to expect that shares will pull back at some point. Growth stocks like NuScale Power often demonstrate considerable volatility in the early innings of their development.
For those uncomfortable with enduring the stock's potential vicissitudes and the inherent risks associated with a company that's not yet profitable, it may be more prudent to consider a nuclear energy-focused exchange-traded fund (ETF) at this point.
Should you invest $1,000 in NuScale Power right now?
Before you buy stock in NuScale Power, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and NuScale Power wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $674,432!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,005,854!*
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*Stock Advisor returns as of July 7, 2025
Scott Levine has no position in any of the stocks mentioned. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why NuScale Power Stock Soared 120.6% Higher in the First Half of 2025

Shares of NuScale Power (NYSE: SMR) sank on Tuesday, finishing the day down 8.7%. The drop comes as the S&P 500 and Nasdaq Composite lost 0.2% and 0.9%, respectively.
The Wall Street Journal reported that Alphabet's Google has signed a major deal with a nuclear fusion company.
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Google is betting on future tech
Google has signed a multibillion-dollar deal with Commonwealth Fusion System (CFS), a nuclear fusion start-up backed by Bill Gates. The deal will see Google secure 200 megawatts from CFS's first plant in Virginia by the 2030s.
Nuclear fusion, in contrast to today's fission-based systems like those of NuScale, produces significantly more power and is safe and clean -- no spent nuclear material to dispose of and no risk of a meltdown. It has long been the holy grail of energy production but has so far eluded scientists. However, recent developments indicate it could be a reality in the next decade or so.
It's a big if
Scientists have thought fusion technology was a decade or so away for decades. The investment from Google makes sense because of the upside, but you can bet that Google is hedging its bet with more realistic plans to meet its energy needs today and in the near future.
NuScale Power's small model reactors (SMRs) make a lot of sense to fill that need in the near term. That being said, the company is still developing the technology. If you have significant risk tolerance, NuScale could be a good addition, but know that the stock will likely see a lot of volatility and is currently extremely pricey.
Should you invest $1,000 in NuScale Power right now?
Before you buy stock in NuScale Power, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and NuScale Power wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $968,402!*
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*Stock Advisor returns as of June 30, 2025
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why NuScale Power Stock Sank 8.7% Today

Artificial intelligence (AI) and electrification are driving the world to need more energy. One form of electric power generation that is coming back into vogue is nuclear power. Large companies are making commitments to buy electricity from nuclear power plants, while utilities are extending the contracts for existing facilities and planning to bring new power sources to life in the next few years.
One stock that has benefited from this changing nuclear energy sentiment is NuScale Power Corporation (NYSE: SMR). The start-up is working on small modular reactor technology to license to third parties, hopefully to democratize the technology. Shares of the stock are up 250% in the last year, beating the broad market averages. But is it a buy right now?
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Betting on new nuclear energy developments
Small modular reactors are almost self-explanatory. Unlike the traditional large nuclear power plants, these are smaller systems that can (theoretically) be made more efficiently by combining a bunch together or using one system for a small energy need. Using similar technology to traditional power plants, NuScale Power wants to help utilities improve on the capital intensity a nuclear power plant takes to build, which can be a daunting proposition.
So far, it has not built any actual reactors, but it is the first and only company to get approval from the Nuclear Regulatory Commission (NRC) for a small modular design. This occurred in 2023, with a recent approval happening for the same design but just at a different electricity output. The company does not have any customer orders yet, but management believes one will arrive by the end of 2025, given that it is fully approved with its designs. It is also studying an old coal power plant in Romania to see about the feasibility of turning it into a nuclear power facility.
Canceled projects, delayed timelines
There's a lot of excitement about NuScale Power right now. Spending on energy is well over $1 trillion every year just in the United States. If NuScale Power can commercialize a breakthrough technology in electricity generation with its small modular reactors, there could be enormous revenue potential.
The problem is, no major customers have committed to a project yet. It used to have a project planned with a Utah utility that started in 2015. However, due to major cost overruns and delayed timelines, the utility canceled the project in 2023. This is not a good sign for the viability of small modular reactors. Companies that design legacy nuclear power systems with proven viability still struggle to find utilities willing to invest in nuclear energy projects. A totally unproven technology is going to be a hard ask for utilities and their shareholders to risk.
Is NuScale Power stock a buy?
Today, after going up so much in the past year, NuScale Power stock trades at a market cap of $11 billion. Even though it generates a bit of revenue from the study in Romania, the company can generally be considered a pre-revenue start-up with no product ever sold to customers. It has revenue of $49 million and $98 million in negative free cash flow over the last 12 months.
The company is consistently raising money from capital markets, too. Its shares outstanding keep climbing as it has to raise money to stem its major cash burn. Rising shares outstanding dilutes shareholders, which will be a headwind to long-term returns. It is unclear whether the company will have a viable project contract signed anytime soon, and even if a project is signed, it takes many years for a nuclear power plant to get built, modular or not.
Even if a project gets planned, the stock is already pricing in this growth. At a market cap of $11 billion, the company needs to eventually be generating billions of dollars in revenue in order to make an adequate return for shareholders. Add it all up, and NuScale Power stock looks like a highly risky stock that investors should keep out of their portfolios right now.
Should you invest $1,000 in NuScale Power right now?
Before you buy stock in NuScale Power, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and NuScale Power wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $966,931!*
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*Stock Advisor returns as of June 23, 2025
Brett Schafer has no position in any of the stocks mentioned. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is NuScale Power Stock a Buy Now?

NuScale Power SMR is benefiting from high demand for electricity and clean energy, as well as the increasing need for AI-powered data centers.
The company is gaining strong momentum across various sectors, particularly as energy demand continues to rise. The increasing energy demand, driven by sectors like data centers, which require continuous, reliable, and carbon-free energy, has been a major growth driver.
Data centers are expected to triple their energy use over the next three years, accounting for 12% of U.S. electricity consumption by 2028. This growth trend presents a significant opportunity for NuScale Power, as its small modular reactor technology offers consistent, carbon-free energy that can meet the increasing demands of hyperscale data centers.
NuScale Power’s advancements in SMR technology and its growing partnerships with tech giants and financial institutions position it as a key player in the future of sustainable, carbon-free energy.
The company recently announced that its research programs are integrating small modular reactor technology with desalination and hydrogen production, enabling carbon-free, clean water and energy solutions.
NuScale Power continues to attract strong interest from major technology companies and infrastructure capital. Companies like Meta Platforms, Microsoft, Alphabet and Oracle have made substantial commitments to using nuclear energy, including SMR technology, to meet their sustainability goals, which positively impacts NuScale Power’s market positioning.
SMR Faces Stiff Competition
SMR faces stiff competition in the nuclear energy industry from companies such as Centrus Energy LEU and Constellation Energy CEG.
Centrus Energy is benefiting from increased demand for nuclear fuel, particularly High-Assay Low-Enriched Uranium (HALEU), and from its role in developing and deploying advanced nuclear technologies like SMRs.
Centrus Energy recently announced that the U.S. Department of Energy has extended its HALEU production contract through June 30, 2026, as part of Phase III of its ongoing agreement. This follows Centrus’ successful delivery of 20 kg of HALEU in Phase I and ongoing production of 900 kg under Phase II. The extension marks the start of a potential eight additional years of production to support advanced nuclear reactor development.
Constellation Energy is deeply committed to nuclear power, which serves as the foundation of its carbon-free electricity production. The company operates the largest nuclear fleet in the country, generating nearly 90% of its energy annually without producing carbon emissions. Additionally, Constellation Energy is working to expand its nuclear presence by renewing licenses for existing plants, securing long-term power purchase agreements, and exploring opportunities to construct new reactors.
SMR’s Share Price Performance, Valuation and Estimates
SMR shares have surged 113.3% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s appreciation of 4.5% and the Zacks Electronics- Power Generation industry’s rise of 109.7%.
SMR Stock Perfomance
Image Source: Zacks Investment Research
SMR stock is trading at a premium, with a forward 12-month Price/Sales of 105.08X compared with the Computer & Technology sector’s 6.51X. SMR has a Value Score of F.
SMR Valuation
Image Source: Zacks Investment Research
For 2025, the Zacks Consensus Estimate for loss is pegged at 42 cents per share, which has widened by a penny over the past 30 days. SMR reported earnings of 42 cents per share in the year-ago quarter.
NuScale Power Corporation Price and Consensus
SMR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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