NuScale Power (NYSE:SMR) Announces Earnings Results

NuScale Power (NYSE:SMR) posted its earnings results on Thursday. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03), FiscalAI reports. The firm had revenue of $0.57 million during the quarter, compared to analyst estimates 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%

NYSE:SMR traded down $0.07 during mid-day trading on Friday, hitting $12.52. The stock had a trading volume of 37,920,430 shares, compared to its average volume of 39,007,288. The stock has a 50-day simple moving average of $11.63 and a two-hundred day simple moving average of $18.11. The company has a market capitalization of $4.23 billion, a PE ratio of -4.29 and a beta of 2.24. NuScale Power has a twelve month low of $8.85 and a twelve month high of $57.42.

Insider Activity at NuScale Power

In other NuScale Power news, insider Clayton Scott sold 22,478 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $12.22, for a total value of $274,681.16. Following the transaction, the insider directly owned 132,852 shares in the company, valued at $1,623,451.44. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Lawrence Hopkins sold 82,667 shares of the company’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 $1,010,190.74. Following the completion of the transaction, the chief executive officer owned 117,018 shares of the company’s stock, valued at approximately $1,429,959.96. The trade was a 41.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,572,082 shares of company stock worth $481,029,608 over the last ninety days. 1.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC raised its position in NuScale Power by 1,550.9% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after purchasing an additional 1,675 shares during the last quarter. Ameriflex Group Inc. acquired a new position in NuScale Power in the fourth quarter valued at $30,000. Triumph Capital Management purchased a new stake in shares of NuScale Power in the third quarter valued at about $37,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NuScale Power in the fourth quarter valued at about $43,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of NuScale Power by 25,507.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,585 shares of the company’s stock worth $51,000 after buying an additional 3,571 shares during the period. Institutional investors and hedge funds own 78.37% of the company’s stock.

Analysts Set New Price Targets

SMR has been the topic of several recent analyst reports. Bank of America raised NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Friday, January 9th. Royal Bank Of Canada lowered their target price on shares of NuScale Power from $21.00 to $14.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Citigroup reduced their price target on shares of NuScale Power from $11.50 to $9.00 and set a “sell” rating on the stock in a research note on Tuesday, April 21st. Texas Capital raised shares of NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Cantor Fitzgerald cut their target price on NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, NuScale Power currently has a consensus rating of “Hold” and an average price target of $19.38.

Key NuScale Power News

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

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.