NuScale Power (NYSE:SMR) Releases Quarterly Earnings Results, Meets Estimates

NuScale Power (NYSE:SMR) posted its quarterly earnings results on Wednesday. The company reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13), FiscalAI reports. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The business had revenue of $0.07 million during the quarter, compared to the consensus estimate of $8.80 million. During the same period last year, the firm earned ($0.11) earnings per share. The company’s revenue for the quarter 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 Down 0.2%

SMR stock traded down $0.01 during trading on Thursday, reaching $9.37. 23,936,685 shares of the company’s stock were exchanged, compared to its average volume of 30,426,344. NuScale Power has a 1-year low of $7.21 and a 1-year high of $57.42. The company’s fifty day moving average price is $9.81 and its 200-day moving average price is $12.02. The firm has a market cap of $3.42 billion, a PE ratio of -3.21 and a beta of 2.26.

Analyst Ratings Changes

Several research analysts have recently commented on SMR shares. Truist Financial initiated coverage on NuScale Power in a research report on Monday, July 13th. They issued a “hold” rating and a $10.00 target price for the company. Northland Securities set a $16.00 price objective on shares of NuScale Power in a report on Thursday. B. Riley Financial dropped their target price on shares of NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Citigroup restated a “sell” rating on shares of NuScale Power in a research report on Wednesday, July 22nd. Finally, Bank of America started coverage on shares of NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.92.

Trending Headlines about NuScale Power

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

• Positive Sentiment: Strategic fuel-cycle agreement: NuScale, Curio and Framatome signed a memorandum of understanding to evaluate fuel recycling and manufacturing technologies for next-generation reactors. The agreement could support NuScale’s long-term commercialization efforts, although it does not represent an immediate revenue commitment. Curio, NuScale Power, and Framatome Sign Strategic MOU to Advance the Future Nuclear Fuel Cycle
• Positive Sentiment: Deployment readiness and TVA discussions: Management emphasized ongoing talks with the Tennessee Valley Authority and said NuScale is positioned for near-term deployment, citing approved reactor designs, available fuel, established suppliers and approximately $1.9 billion in liquidity. These points helped give investors reasons to focus on future contracts rather than current sales. SMR Q2 Earnings Call Focuses on TVA and Deployment Readiness
• Neutral Sentiment: Quarterly loss matched expectations: NuScale reported a second-quarter loss of $0.13 per share, in line with analyst estimates. The result provided little negative surprise on the earnings-per-share line, but investors remain dependent on future project awards and commercialization milestones. NuScale Power Corporation Reports Q2 Loss, Lags Revenue Estimates
• Negative Sentiment: Severe revenue miss: Second-quarter revenue was only about $0.07–$0.08 million, versus roughly $8.8 million expected, and fell 99.1% from the prior-year period. The large shortfall highlights the timing risk of NuScale’s project-based business and remains the main fundamental headwind for SMR. NuScale Power Reports Second Quarter 2026 Results

Institutional Investors Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC grew 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 buying an additional 1,675 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of NuScale Power in the 4th quarter worth approximately $30,000. Triumph Capital Management acquired a new stake in shares of NuScale Power in the 3rd quarter worth approximately $37,000. Wilmington Savings Fund Society FSB bought a new position in shares of NuScale Power in the fourth quarter valued at approximately $43,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of NuScale Power by 25,507.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,585 shares of the company’s stock valued at $51,000 after acquiring an additional 3,571 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

About NuScale Power

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.