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Nuscale Power Corp (SMR)

Undervalued
IndustrialsSpecialty Industrial MachineryUnited States

Fundamental

30

Price

$7.90

Market Cap

$3.25B

Part 1 · What the company is worth

Overview

NuScale Power Corporation provides small modular reactor technology solutions. It offers NuScale Power Module (NPM), a light water nuclear reactor that can generate 77 megawatts of electricity (MWe). The company also provides design and nuclear regulatory licensing basis information to construct and operate the power plant; and licensing, design, development, construction, operation, and maintenance of the power plant. In addition, it offers regulatory licensing support services; start-up testing and commissioning support; accredited training programs to support initial and ongoing power plant operations; management of all aspects of the U.S. Nuclear Regulatory Commission required inspections, tests, analysis, and acceptance criteria process; NuScale Power Module mechanical handling; initial and ongoing fuel bundle loading and movement; design engineering management during commercial operation; operations and maintenance program management; procurement and spare parts management; nuclear fuel management, including reload analysis; and outage planning and execution support services. The company has a strategic partnership with Ebara Elliott Energy for the development, demonstration, and testing of industrial scale compressors using power modules. NuScale Power Corporation was founded in 2007 and is headquartered in Corvallis, Oregon.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$11M

Trailing 12 months (through 6/30/2026)

Net Income

$-416M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$-460M

Total Equity

$1.17B

Total Liabilities

$299M

Current Ratio

37.88

Interest Coverage

-

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseUndervalued

Fair Value

$11.97

Current Price

$7.90

Margin of Safety

+34.0%

Fair Value Range

$11.37 - $12.57

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$11.97
Discounted cash flow (DCF):Not enough data to compute it
Earnings multiple (P/E):Not enough data to compute it
Graham growth formula:Not enough data to compute it
Earnings power value (EPV):Not enough data to compute it
Justified P/B:Not enough data to compute it
Dividend discount (Gordon):Not enough data to compute it
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:Not enough data to compute it
Revenue multiple:$0.08
Analyst Consensus:Hold (10B / 11H / 2S)
Last Earnings Surprise:-0.08%

Valuation Metrics

P/E Ratio

-

ROE

-30.4%

P/B Ratio

0.16

P/FCF

-

Gross Margin

23.5%

ROIC

-28.6%

Profitability Radar

Value Creation (Economic Moat)

ROIC

-28.6%

WACC

17.6%

ROIC − WACC

-46.3 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (5)

  • P/B Ratio 0.16
  • Debt/Equity ratio
  • Current Ratio
  • Low reliance on intangibles
  • Revenue Growth 5Y 120.8%

Failed (14)

  • EPS shows upward trend
  • Price CAGR -4.29%
  • ROIC -28.7%
  • Gross Margin 23.5%
  • Operating Margin -6854.0%
  • Positive Free Cash Flow
  • Return on Tangible Assets
  • DCF valuation (Unknown)
  • ROE -31.8%
  • Analyst Consensus 43% Buy
  • Earnings Surprise avg -338.6%
  • Share Dilution 76.4%
  • Net Margin Trend -3888.7% vs -221.1%
  • Piotroski F-Score 0/9

Unavailable (8)

  • P/FCF NaN
  • Dividend Payout NaN%
  • CapEx intensity
  • Interest Coverage
  • Debt/EBITDA
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-Score

0/9

Serious financial concerns

score
criteria

Earnings Quality

-

Low quality: investigate accounting

Share Dilution

76.4%

Issuing new shares, diluting ownership

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. John Lawrence HopkinsPresident, CEO & Director71
Dr. José N. Reyes Jr., Ph.D.CTO & Co-Founder69
Mr. Ramsey HamadyChief Financial Officer-
Mr. Carl M. FisherChief Operating Officer63
Mr. Clayton ScottChief Commercial Officer64
Mr. David A. TonnelChief Accounting Officer55
Mr. William J. Cooper J.D.Chief Legal Officer & Corporate Secretary59

Audit Risk

7

Board Risk

6

Compensation Risk

5

Shareholder Rights Risk

3

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-26

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-08-05

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-08-11

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for SMR, sourced from Markets Gazette.

  • 5/7/2026NEGATIVE
    NuScale Shares Sink After Q1 Report — Here's Why

    NuScale Power Inc. experienced a significant stock price decline following its Q1 financial report. While specific figures were not detailed in the provided snippet, the market reaction indicates that the results likely fell short of investor expectations or presented a concerning outlook. Investors will be scrutinizing the company's revenue, earnings, and future guidance for any signs of operational challenges or a revised growth trajectory. The stock's sharp drop suggests a loss of confidence, potentially stemming from missed targets or negative forward-looking statements.

  • 4/16/2026NEGATIVE
    Why Is NuScale Power Stock Sliding Thursday?

    NuScale Power Corp (NYSE: SMR) experienced a significant downturn on Thursday, driven by two key factors: an impending class-action lawsuit deadline and a substantial short interest in its shares. The combination of potential legal repercussions and high bearish sentiment among traders has put considerable downward pressure on the SMR stock price. Investors are closely monitoring the situation as these pressures could lead to further volatility and potential declines.

  • 4/7/2026NEGATIVE
    NuScale Stock Is Dropping: The Chart Tells An Interesting Story

    NuScale Power Corp. shares experienced a significant decline on Tuesday, continuing a downward trend across multiple trading sessions. This drop occurred despite a generally positive performance within the broader Energy sector. The stock's price action suggests specific headwinds for NuScale, potentially related to company-specific news or investor sentiment, which is currently outweighing sector-wide tailwinds. Investors are closely monitoring the company's developments for potential catalysts to reverse the current bearish momentum.

  • 3/16/2026NEUTRAL
    Could Buying NuScale Power Today Set You Up for Life?

    NuScale Power, a nuclear power start-up, has received positive news, though significant operational challenges remain. The company's stock, trading under the symbol SMR, is subject to ongoing investor scrutiny. While the recent development offers a glimmer of hope, the inherent complexities and long-term execution risks associated with advanced nuclear technology mean that any potential for substantial long-term gains is still highly uncertain. Investors should weigh the potential upside against the considerable hurdles the company must overcome.

  • 3/13/2026NEGATIVE
    NuScale Power Stock Slumps Nearly 20% to Start 2026

    NuScale Power Inc. experienced a significant downturn, with its stock price plummeting by nearly 20% at the commencement of 2026. This sharp decline underscores investor concerns regarding the small modular reactor manufacturer's ability to meet market expectations and execute its business plan. The company faces considerable challenges in proving its technological viability and commercial readiness. For investors, this performance signals potential headwinds and a need for cautious observation of future developments and strategic execution by NuScale.

  • 3/12/2026NEUTRAL
    Where Will NuScale Power Stock Be in 10 Years?

    The future trajectory of NuScale Power Inc. stock, a prominent player in the small modular reactor (SMR) sector, remains highly uncertain over the next decade. While SMR technology holds significant promise for next-generation nuclear energy, the path to widespread commercialization and profitability is fraught with challenges. Investors are closely watching regulatory developments, technological advancements, and the competitive landscape. The company's ability to secure substantial project financing and navigate complex permitting processes will be critical determinants of its long-term success and stock performance.

  • 3/10/2026NEUTRAL
    Could Investing $10,000 in NuScale Power Make You a Millionaire?

    The article speculates on the potential for a $10,000 investment in NuScale Power Corporation to yield a million dollars, based on investor sentiment. While the article highlights optimistic investor discussions, it does not provide concrete financial data, recent performance metrics, or forward-looking guidance from the company. NuScale Power, a developer of small modular nuclear reactors, faces significant regulatory hurdles and long development timelines inherent in the nuclear energy sector. Investors considering this thesis should conduct thorough due diligence beyond speculative sentiment.

  • 3/10/2026POSITIVE
    Europe's First NuScale-Powered Modular Reactor Project Is Coming. Here's What Investors Need to Know.

    NuScale Power has secured its first customer for its modular reactor technology, marking a significant milestone for the company and the broader small modular reactor (SMR) industry. While the deal is not yet finalized, this development signals strong market interest and potential for future revenue growth. The project, set to be Europe's first NuScale-powered modular reactor, represents a substantial step forward in clean energy solutions. Investors should monitor the finalization of this agreement and subsequent project developments for potential long-term value creation.

  • 3/9/2026POSITIVE
    What Is One of the Best Nuclear Stocks to Hold For the Next 10 Years?

    NuScale Power is positioned to capitalize on a significant $10 trillion market opportunity within the nuclear energy sector. The company's innovative small modular reactor (SMR) technology is designed to offer a scalable and potentially more cost-effective solution for clean energy generation. Investors are closely watching NuScale's ability to execute its ambitious growth plans and secure key projects, which could drive substantial long-term value as global demand for reliable, carbon-free power sources intensifies.

via Markets Gazette