NuScale Power Corporation (SMR) Stock Price & Analysis
NuScale Power Corporation (SMR) closed at USD 5.92 on Thursday, October 29, 2026, up 4.41% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 5.67; the Oct 29, 2026 session ranged USD 5.54–6.11 on volume of 35,675,081 shares. Market capitalization is $2.43B, with a 52-week range of USD 5.2–45.54 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 21:31 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SMR.md
Key facts (SMR)
- Last four reported quarters (through Jun 30, 2026): revenue $10.7M, net income -$416M (-3888.7% margin), free cash flow -$779M (SEC filings).
- Insider open-market sales, last ~7 months: 8 Form 4 filings, $474M; 6 not under a Rule 10b5-1 plan ($473M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.94 on a 1–5 scale) (18 analysts), mean target USD 10.73 (range 4–20).
- Total return with dividends: 1Y -86.0% vs S&P 500 +14.4%; 5Y -41.0% vs S&P 500 +79.1%.
- Next earnings: 2026-11-05, EPS estimate USD -0.12, revenue estimate $3.8M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SMR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.9M | $11.8M | $22.8M | $37.0M | $31.5M | $10.7M |
| Gross profit | $1.1M | $4.5M | $3.8M | $32.1M | $11.4M | — |
| Operating income | -$174M | -$230M | -$276M | -$139M | -$690M | -$733M |
| Net income | -$102M | -$25.9M | -$58.4M | -$137M | -$356M | -$416M |
| EPS (diluted) | $0.00 | -$0.51 | -$0.80 | -$1.47 | -$2.17 | — |
| Free cash flow | -$101M | -$151M | -$185M | -$109M | -$460M | -$779M |
| Gross margin | 38.2% | 38.0% | 16.9% | 86.7% | 36.3% | — |
| Operating margin | -6090.1% | -1948.4% | -1208.1% | -374.5% | -2190.6% | -6854.0% |
| Net margin | -3581.2% | -219.5% | -255.9% | -368.8% | -1130.3% | -3888.7% |
| Revenue growth | +377.0% | +312.4% | +93.2% | +62.4% | -15.0% | — |
| Cash + short-term investments | $77.1M | $268M | $120M | $442M | $1.25B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SMR)
P/S 227.3x · P/B 1.2x · FCF yield -32.06% · Earnings yield -17.11%
Insider sales (SEC Form 4, open-market, last ~7 months) (SMR)
2 of 8 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Hamady Robert Ramsey | Chief Financial Officer | 20,000 | $158K | 12.2% | Yes | Too little history (no open-market trades in 2023) |
| 2026-08-27 | Hamady Robert Ramsey | Chief Financial Officer | 29,880 | $281K | 19.4% | No | Too little history (no open-market trades in 2023) |
| 2026-08-18 | Fujino Shinji | Director | 20,000 | $177K | 53.7% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-08-05 | Fisher Carl M. | Chief Operating Officer | 18,771 | $176K | 14.1% | No | Too little history (no open-market trades in 2023) |
| 2026-06-30 | Hamady Robert Ramsey | Chief Financial Officer | 20,000 | $203K | 17.1% | Yes (adopted March 31, 2026) | Too little history (no open-market trades in 2023) |
| 2026-04-21 | Fluor Corp | Director | 13,500,000 | $159M | 100% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-04-15 | Fluor Corp | Director | 12,936,472 | $150M | 48.9% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-04-09 | Fluor Corp | Director | 13,500,000 | $163M | 33.8% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SMR)
Consensus Hold (mean 2.94 on a 1–5 scale), 18 analysts; mean target USD 10.73 (low 4, high 20).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-28 | B. Riley Securities | Target lowered | Buy | $15 → $10 |
| 2026-10-22 | Truist Securities | Target lowered | Hold | $10 → $8 |
| 2026-10-21 | Citigroup | Target lowered | Sell | $6.5 → $4 |
| 2026-10-20 | Barclays | Downgrade | Equal-Weight → Underweight | $11 → $5 |
| 2026-09-11 | UBS | Downgrade | Neutral → Sell | $10 → $6 |
| 2026-08-14 | B. Riley Securities | Target lowered | Buy | $19 → $15 |
| 2026-08-11 | RBC Capital | Target lowered | Sector Perform | $14 → $10 |
| 2026-08-06 | Canaccord Genuity | Target lowered | Buy | $25 → $15 |
| 2026-08-06 | Citigroup | Target lowered | Sell | $7.5 → $6.5 |
| 2026-07-23 | Barclays | Target lowered | Equal-Weight | $15 → $11 |
| 2026-07-14 | Truist Securities | Initiated | Hold | $10 |
Total return (dividends reinvested) (SMR)
| 1Y (from 2025-10-30) | 5Y (from 2022-02-28) | |
|---|---|---|
| Total return | -86.0% | -41.0% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | -86.1% | -10.7% |
| Volatility (annualized) | 95.5% | 98.8% |
| Max drawdown | -88.3% (Oct 2025→Oct 2026) | -89.6% (Jul 2025→Oct 2026) |
SMR earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | −$0.13 | −$0.13 | In line | -0.2% |
| May 7, 2026 | Quarter ended Mar 31, 2026 | −$0.14 | −$0.14 | In line | -7.2% |
| Feb 26, 2026 | Quarter ended Dec 31, 2025 | −$0.80 | −$0.15 | Miss −433.3% | -2.5% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | −$1.85 | −$0.14 | Miss −1221.4% | -20.0% |
| Aug 7, 2025 | — | — | — | — | -14.3% |
| May 12, 2025 | — | — | — | — | +24.0% |
| Mar 3, 2025 | — | — | — | — | +0.2% |
| Nov 7, 2024 | — | — | — | — | +14.4% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
SMR recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Aug 14, 2026 | Schedule 13G/A | Van Eck Associates Corporation: 8.5% of shares, passive 5%+ holder (amended) |
| Aug 11, 2026 | 8-K | Entered a material agreement “On August 11, 2026, NuScale Power Corporation (the "Company") entered into a Sales Agreement (the "Sales Agreement") with UBS Securities LLC ("UBS"), B. Riley Securities, Inc. ("B. Riley"), Canaccord Genuity LLC ("Canaccord"), Craig-Hallum Capital Group, LLC ("Craig-Hallum"), TCBI Securities, Inc., doing business as Texas Capital Securities ("TCS") and Tuohy Brothers Investment Research, Inc. ("Tuohy Brothers") with respect to an at-the-market offering program under which the Company may offer and sell, from time…” |
| Aug 5, 2026 | 8-K | Quarterly results |
| Aug 5, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 29, 2026 | Schedule 13G | BlackRock, Inc.: 6.5% of shares, passive 5%+ holder |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
SMR revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Energy Exploration Centers | $250,000 | 333.3% | -54.6% |
| Total revenue | $75,000 | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SMR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | HONEYWELL INTERNATIONAL INC (HON) | “Other key suppliers include Framatome (fuel assemblies), Honeywell International Inc. (control systems), Paragon Energy Solutions (protection systems), Sensia LLC, Mirion Technologies, Weed Instruments, dba Curtiss-Wright (sensors and instrumentation), ATS Industrial Automation (Automation Tooling & Remote Handling), Trillium Flow Technologies, Conval (valves) and PaR Systems, Inc. (reactor building crane).” |
| Supplier | CURTISS WRIGHT CORP (CW) | “Other key suppliers include Framatome (fuel assemblies), Honeywell International Inc. (control systems), Paragon Energy Solutions (protection systems), Sensia LLC, Mirion Technologies, Weed Instruments, dba Curtiss-Wright (sensors and instrumentation), ATS Industrial Automation (Automation Tooling & Remote Handling), Trillium Flow Technologies, Conval (valves) and PaR Systems, Inc. (reactor building crane).” |
| Partner | FLUOR CORP (FLR) | “•Our commercialization strategy relies on our relationships with Fluor and other strategic investors and partners, such as ENTRA1, who may have interests that diverge from ours and who may not be easily replaced if their relationships terminate;” |
| Partner | ENTRA1 Energy | “Additionally, we are focused on the Company's ENTRA1 partnership positioning their ENTRA1 Energy Plants™ with NuScale SMRs inside to hyperscalers and technology, industrial and micro-grid companies in sectors that include direct air capture, water desalinization, hydrogen production and mission critical facilities.” |
| Partner | Doosan Enerbility | “We have placed orders for Long-lead items for the first twelve NPM upper reactor vessels, including forgings, tubing, tube bending machines and weld materials with Doosan Enerbility Co., Ltd, the Company's manufacturing partner.” |
| Partner | Department of Energy and CFPP | “Our cash used in operations during the year ended December 31, 2025 increased due to the trigger of Milestone Contribution 1 under the PMA of $247.5 million as we move forward with commercialization efforts, the payment associated with the tri-Party Agreement with the U.S. Department of Energy and CFPP LLC on Long Lead Materials and additional payments toward the acquisition and construction of long-lead material …” |
Quoted from the company's 10-K filed Feb 26, 2026.
SMR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.12 | $-0.13 | +$0.01 | $3.8M | 7 |
| Next quarter (ends Dec 2026) | $-0.12 | $-0.13 | $0.00 | $6.0M | 5 |
| Current fiscal year (ends Dec 2026) | $-0.59 | $-0.51 | −$0.07 | $20.4M | 9 |
| Next fiscal year (ends Dec 2027) | $-0.70 | $-0.73 | +$0.04 | $126.7M | 10 |
SMR options: expected move
Options price a move of about ±12.6% (±$0.75) by Nov 6, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±10.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 1 | 102.7% | ±4.5% |
| Nov 6, 2026 | 8 | 105.2% | ±12.6% |
| Nov 13, 2026 | 15 | 99.4% | ±16.2% |
| Nov 20, 2026 | 22 | 93.9% | ±18.5% |
| Nov 27, 2026 | 29 | 86.0% | ±19.5% |
| Dec 4, 2026 | 36 | 85.8% | ±21.7% |
| Dec 11, 2026 | 43 | 89.4% | ±24.6% |
| Dec 18, 2026 | 50 | 85.8% | ±25.5% |
30-day implied volatility 87.1% vs 67.1% realized over the last 30 trading days. Put/call ratio (volume) 0.15. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 21:31 UTC)
| Price | USD 5.92 |
|---|---|
| Change | ▲ 4.41% (up) |
| Previous Close | USD 5.67 |
| Open | USD 5.58 |
| Day Range | USD 5.54 – 6.11 |
| 52-Week Range | USD 5.2 – 45.54 |
| Volume | 35,675,081 shares |
| Market Cap | $2.43B |
| Exchange | NYQ |
Technical Analysis (SMR)
Nexqual's technical model rates SMR "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 21:31 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 38.66 (neutral) |
| vs SMA50 | Below (USD 7.96) |
| MACD | -0.71 (negative) |
Analyst Ratings (SMR)
Wall Street analysts rate SMR "Hold" based on 18 analysts, with a mean price target of USD 10.73 (range USD 4–20), per Nexqual as of October 29, 2026 at 21:31 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 10.73 |
| High Target | USD 20 |
| Low Target | USD 4 |
| Buy / Hold / Sell | 6 / 8 / 4 |
Earnings (SMR)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD -0.12 |
| Revenue Estimate | $3.83M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.13 vs est -0.13 ▲ beat |
| 2026-03-31 | USD -0.14 vs est -0.14 ▼ miss |
| 2025-12-31 | USD -0.8 vs est -0.15 ▼ miss |
| 2025-09-30 | USD -1.85 vs est -0.15 ▼ miss |
Source: Nexqual, October 29, 2026 at 21:31 UTC.
Financials & Fundamentals (SMR)
| Total Revenue | $10.69M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -99.10% |
| Gross Margin | +23.54% |
| Operating Margin | -85337.33% |
| Profit Margin | +0.00% |
| ROE | -55.18% |
| Debt / Equity | 0 |
| Current Ratio | 37.88 |
| Total Cash | $1.07B |
| Total Debt | $6.69M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$778.82M (-7285.5% of revenue) |
Source: Nexqual, October 29, 2026 at 21:31 UTC.
Financial Health Score (SMR)
Nexqual rates NuScale Power Corporation's overall financial health "Weak" across five dimensions, as of October 29, 2026 at 21:31 UTC.
| Growth | Critical — Revenue -15% YoY (annual), sharp decline |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Strong — $1.07B cash vs $7M debt, net cash position |
| Cash Flow | Weak — FCF negative: -$779M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -20%, ROA -20.3% (last 4 quarters, SEC) |
Ownership (SMR)
| Insider Ownership | +1.70% |
|---|---|
| Institutional Ownership | +59.12% |
| Shares Outstanding | 410.39M |
| Float | 403.54M |
| Short % of Float | +24.85% |
Source: Nexqual, October 29, 2026 at 21:31 UTC.
Leadership (SMR)
NuScale Power Corporation is led by John Lawrence Hopkins, President, CEO & Director, per Nexqual as of October 29, 2026 at 21:31 UTC.
| President, CEO & Director | John Lawrence Hopkins |
|---|---|
| CTO & Co-Founder | José N. Reyes Jr. |
| Chief Financial Officer | Ramsey Hamady |
| Chief Operating Officer | Carl M. Fisher |
Major Backers & Investors (SMR)
Notable institutional backers of NuScale Power Corporation include Van Eck Associates Corporation, GLOBAL X FUNDS-Global X Uranium ETF, VanEck ETF Trust-VanEck Uranium and Nuclear ETF, according to Nexqual as of October 29, 2026 at 21:31 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Van Eck Associates Corporation | 7.14% |
| GLOBAL X FUNDS-Global X Uranium ETF | 4.85% |
| VanEck ETF Trust-VanEck Uranium and Nuclear ETF | 4.25% |
| Marex Group Ltd. | 3.1% |
| Mirae Asset Global ETFs Holdings Ltd. | 2.87% |
| Two Sigma Investments, LP | 2.84% |
| Morgan Stanley | 2.23% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 7.12% |
| BlackRock | 6.3% |
| Geode Capital | 1.66% |
Source: Nexqual, October 29, 2026 at 21:31 UTC.
From NuScale Power Corporation's Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- The NPM introduces a number of key design innovations that the Company believes allows us to be the safest and most reliable provider of nuclear energy.
- We have developed a global network of blue-chip supply chain partners, many of which are investors in NuScale.
Legal & Regulatory Risks (Item 1A, quoted)
- Our design is only approved in the United States, and we must obtain approvals on a country-by-country basis before we can complete the sale of our products abroad, which approvals may be delayed or denied or which may require modification to our design.
- Our customers must obtain additional regulatory approvals before they construct power plants using our NPMs, and approvals may be denied or delayed.
- The lead time to build a nuclear power facility is long and requires site licensing and approvals from applicable regulatory agencies before a plant can be constructed.
- We and our customers could incur substantial costs as a result of violations of, or liabilities under, environmental laws.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| WTS | Watts Water Technologies, Inc. | USD 350.89 | ▲ 2.34% |
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| GNRC | Generac Holdlings Inc. | USD 203.36 | ▲ 1% |
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 21:31 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt