NuScale Power Corporation (SMR) Stock

NuScale Power Corporation (SMR) is a Industrials stock trading at $7.99 (as of 2026-07-20), with a market capitalization of $1.89B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NuScale Power Corporation develops and sells modular light water nuclear power plants for generating electricity and for other thermal energy uses such as district heating, desalination, and hydrogen production. Its product lineup includes the NuScale Power Module and multi-module configurations such as VOYGR-12, VOYGR-4, and VOYGR-6, offered to customers seeking power plant solutions.

Understand NuScale Power Corporation: how it makes money

NuScale Power Corporation develops and sells modular light water nuclear power plant designs and offerings, such as its NuScale Power Module and VOYGR plant configurations, and it makes money through project-related revenue like front-end engineering design and reported NuScale Power revenue.

The profit engine depends on converting customer pipeline into real commercial commitments and then turning those into delivered project work, but in the latest quarter revenue is near zero while operating results are deeply negative.

Revenue by segment (latest quarter)
RoPower FEED$0.0B
NuScale$0.0B

Business quality (Weak): The company shows meaningful deal and manufacturing activity metrics (pipeline, signed and active memorandums of understanding, and modules in manufacturing), but the latest reported quarter has essentially no revenue and an extremely large operating loss, so execution and monetization timing are the core questions.

Bull case

  • Project commercialization is progressing beyond early interest: It reports 2 Commercial Commitments and 18 Signed and Active Memorandums of Understanding (or agreements).
  • Some physical progress is underway: It reports 12 NuScale Power Modules Already in the Manufacturing Process.

Bear case

  • Current quarter revenue is effectively absent: Latest quarter revenue is shown as 0.0B, with only RoPower Front-End Engineering Design Revenues at 0.01B.
  • Operating losses are extremely large: The latest period shows operating_margin_pct of -10181.2, indicating that costs are far outweighing operating revenue at this stage.
Valuation — source: SEC EDGAR (first-party)
Price$7.99
Market Cap$1.89B
Price / Book1.70
Price / Sales101.33
FCF Yield-30.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$31.48M
Net Margin-1130.3%
Revenue Growth (YoY)-95.8%
EPS Growth (YoY)27.3%
FCF Growth (YoY)1283.6%
Financial Health — source: SEC EDGAR
Altman Z-Score1.14 (distress)
Valuation vs Sector & Industry
Sector P/E (Industrials)28.4
Industry P/E (Fabricated Products)22.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($220.27M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorIndustrials
IndustryFabricated Products
CEOJohn Lawrence Hopkins
Employees330
CountryUS
IPO Date2022-03-01

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SMR earnings history · SMR institutional & insider holders · SMR KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.