NuScale Power (NYSE:SMR) Issues Quarterly Earnings Results

NuScale Power (NYSE:SMR) posted its earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13), FiscalAI reports. NuScale Power had a negative return on equity of 46.91% and a negative net margin of 3,888.70%.The company had revenue of $0.07 million for the quarter, compared to analysts’ expectations of $8.80 million. During the same period last year, the business posted ($0.11) earnings per share. The firm’s quarterly revenue was down 99.1% compared to the same quarter last year.

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

• NuScale emphasized commercial readiness: It remains the only SMR developer with U.S. NRC design certification, uses commercially available conventional fuel, and has mature designs and agreements in place with more than half of its 60-plus suppliers. Long-lead components, including heavy forgings, are already in production.
• TVA and ENTRA1 discussions are progressing, but no definitive power purchase agreement has been signed. Management said the potential 6–8 GW deployment could move quickly once agreements are finalized, with NuScale prepared to begin licensing, engineering and OEM contract work.
• NuScale ended the quarter with approximately $1.9 billion in cash and investments, up about $900 million sequentially. Management said the liquidity provides flexibility to fund supply-chain commitments, design finalization and working capital ahead of commercialization.
• Second-quarter revenue declined to approximately $0.1 million from $8.1 million a year earlier, primarily because the Fluor-supported FEED Phase 2 work for RoPower was completed in late 2025. Management characterized the quarter’s negative power-plant margin as a one-time adjustment rather than an ongoing trend.
• The RoPower project in Romania remains dependent on customer, government and prime-contractor approvals; NuScale expects to meet with the new Romanian government and potentially begin the next phase later. If contracts are finalized, the company said the project could generate revenue in 2027.

NuScale Power Stock Performance

Shares of SMR stock traded up $0.35 during midday trading on Friday, reaching $9.82. 18,381,283 shares of the company were exchanged, compared to its average volume of 30,417,240. The company’s 50 day moving average price is $9.76 and its two-hundred day moving average price is $11.94. The company has a market cap of $3.59 billion, a P/E ratio of -3.36 and a beta of 2.26. NuScale Power has a 12 month low of $7.21 and a 12 month high of $57.42.

Insider Activity at NuScale Power

In related news, COO Carl M. Fisher sold 18,771 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $9.36, for a total transaction of $175,696.56. Following the transaction, the chief operating officer owned 114,718 shares in the company, valued at $1,073,760.48. This trade represents a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMR. Royal Bank of Canada lifted its holdings in shares of NuScale Power by 623.4% in the first quarter. Royal Bank of Canada now owns 457,276 shares of the company’s stock valued at $6,475,000 after buying an additional 394,065 shares during the period. AQR Capital Management LLC grew its holdings in NuScale Power by 37.4% during the first quarter. AQR Capital Management LLC now owns 37,614 shares of the company’s stock worth $533,000 after acquiring an additional 10,244 shares during the period. Integrated Wealth Concepts LLC bought a new stake in NuScale Power in the first quarter worth about $390,000. Jones Financial Companies Lllp lifted its holdings in NuScale Power by 9.1% in the 1st quarter. Jones Financial Companies Lllp now owns 16,793 shares of the company’s stock valued at $238,000 after acquiring an additional 1,394 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NuScale Power by 1,220.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after purchasing an additional 1,705,411 shares in the last quarter. 78.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SMR. Citigroup dropped their price objective on shares of NuScale Power from $7.50 to $6.50 and set a “sell” rating on the stock in a report on Thursday. Truist Financial started coverage on shares of NuScale Power in a research report on Monday, July 13th. They issued a “hold” rating and a $10.00 target price for the company. HSBC began coverage on shares of NuScale Power in a research note on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price target on the stock. Bank of America began coverage on NuScale Power in a report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NuScale Power in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.12.

NuScale Power News Roundup

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

• Positive Sentiment: Management said discussions with the Tennessee Valley Authority are progressing and emphasized that NuScale is positioned for near-term deployment, with approved reactor designs, available fuel, established suppliers and approximately $1.9 billion in liquidity. These factors may strengthen confidence in the company’s ability to commercialize its small modular reactors. SMR Q2 Earnings Call Focuses on TVA and Deployment Readiness
• Positive Sentiment: NuScale, Curio and Framatome signed a memorandum of understanding to evaluate nuclear-fuel recycling, manufacturing and other advanced fuel-cycle technologies. The agreement could support long-term reactor deployment and address fuel-supply needs for next-generation nuclear projects. Curio, NuScale Power, and Framatome Sign Strategic MOU
• Positive Sentiment: Canaccord Genuity reduced its price target from $25 to $15 but maintained a Buy rating, implying meaningful potential upside if NuScale executes on its commercialization plans. Canaccord Genuity price-target update
• Neutral Sentiment: Chief Operating Officer Carl Fisher sold 18,771 shares worth approximately $176,000 to cover tax withholding associated with vested equity awards. The tax-related nature of the transaction reduces its value as a bearish signal, though his direct ownership declined by 14.06%. SEC insider transaction filing
• Negative Sentiment: Second-quarter revenue plunged 99.1% year over year to approximately $0.07–$0.08 million, versus the $8.8 million consensus estimate, as RoPower-related work wound down. The $0.13-per-share loss matched expectations, but the revenue miss highlights commercialization timing risk and NuScale’s ongoing lack of profitability. SMR Q2 Earnings Meet Estimates, Revenues Miss on RoPower Timing
• Negative Sentiment: Citigroup lowered its price target from $7.50 to $6.50 and retained a Sell rating, signaling that it believes current fundamentals and execution risks outweigh the long-term nuclear opportunity. Citigroup price-target update

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.