NuScale Power (NYSE:SMR) Announces Earnings Results, Misses Estimates By $0.03 EPS

NuScale Power (NYSE:SMR) released its quarterly earnings data on Thursday. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03), FiscalAI reports. The business had revenue of $0.57 million during the quarter, compared to analysts’ expectations of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 56.54%. The company’s revenue for the quarter was down 95.8% on a year-over-year basis.

Here are the key takeaways from NuScale Power’s conference call:

• NuScale holds a clear regulatory advantage as the only SMR vendor with NRC standard design approval under 10 CFR Part 52 for its 50 MW and 77 MW modules, which the company says materially de-risks licensing and accelerates customer referenceability.
• The company runs on proven low-enriched uranium (LEU) and has a fuel partnership with Framatome, avoiding HALEU supply constraints that affect many advanced-reactor competitors.
• NuScale reports tangible supply‑chain and factory fabrication progress — Doosan production is active, a multi-sourcing strategy and a recent supplier working group were convened to reduce single‑source risks and increase schedule confidence.
• Strong liquidity provides runway for commercialization, with approximately $1.0 billion at March 31, 2026 and over $1.2 billion by early May, which management says supports continued supply‑chain and manufacturing readiness.
• Commercial deployment hinges on external milestones — definitive PPA/OEM agreements with ENTRA1/TVA and pre‑EPC financing for RoPower could drive meaningful revenue, but those financings and contracts remain contingent and unresolved.

NuScale Power Trading Down 0.5%

Shares of SMR traded down $0.07 during mid-day trading on Friday, reaching $12.52. 37,920,430 shares of the stock traded hands, compared to its average volume of 39,007,288. The firm has a fifty day moving average price of $11.63 and a 200 day moving average price of $18.11. The company has a market cap of $4.23 billion, a price-to-earnings ratio of -4.29 and a beta of 2.24. NuScale Power has a 1 year low of $8.85 and a 1 year high of $57.42.

Wall Street Analyst Weigh In

SMR has been the subject of a number of recent analyst reports. Northland Securities raised NuScale Power from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Friday, February 27th. Texas Capital raised shares of NuScale Power to a “strong-buy” rating in a report on Tuesday, January 27th. Zacks Research raised shares of NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Bank of America raised shares of NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Friday, January 9th. Finally, Canaccord Genuity Group lowered their price target on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.38.

Key Stories Impacting NuScale Power

Here are the key news stories impacting NuScale Power this week:

• Negative Sentiment: NuScale missed Q1 estimates on both earnings and revenue, reporting a loss of $0.14 per share versus the expected $0.11 loss and just $0.56 million in revenue versus $7.0 million expected; revenue also fell sharply year over year, highlighting continued execution and commercialization challenges. Article Title
• Negative Sentiment: Operating expenses are climbing and RoPower-related activity has slowed, adding to concerns that near-term growth may not be keeping pace with spending. Article Title
• Neutral Sentiment: Fluor fully exited its equity stake in NuScale, which changes the shareholder structure but still leaves Fluor as an EPC partner; investors may view this as a governance/funding shift rather than a direct business setback. Article Title
• Positive Sentiment: Longer-term optimism remains tied to NRC approvals, a potential TVA power purchase agreement later this year, and the 6 GW ENTRA1 program, which could support future demand for NuScale’s small modular reactor technology. Article Title
• Positive Sentiment: Some analysts still see meaningful upside from current levels, with consensus price targets implying about 45% upside if execution improves and earnings estimates trend higher. Article Title

Insider Activity

In other news, insider Clayton Scott sold 22,478 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $12.22, for a total transaction of $274,681.16. Following the completion of the transaction, the insider directly owned 132,852 shares in the company, valued at $1,623,451.44. The trade was a 14.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Carl M. Fisher sold 22,197 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $271,247.34. Following the transaction, the chief operating officer owned 140,141 shares of the company’s stock, valued at $1,712,523.02. This trade represents a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 40,572,082 shares of company stock worth $481,029,608. Company insiders own 1.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp grew its position in NuScale Power by 117.8% in the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock worth $163,176,000 after acquiring an additional 6,227,747 shares in the last quarter. Morgan Stanley grew its position in NuScale Power by 81.0% in the fourth quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock worth $74,788,000 after acquiring an additional 2,361,532 shares in the last quarter. Samsung C&T Corp grew its position in NuScale Power by 98.9% in the third quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after acquiring an additional 2,578,702 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in NuScale Power in the fourth quarter worth $48,993,000. Finally, Geode Capital Management LLC grew its position in NuScale Power by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 3,221,828 shares of the company’s stock worth $45,662,000 after acquiring an additional 237,355 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

NuScale Power Company Profile

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.