NuScale Power Corporation Stock Price, News & Analysis

NuScale Power (NYSE: SMR) and Oak Ridge National Laboratory released a two-year techno-economic assessment showing NuScale small modular reactors (NPMs) can reliably and profitably supply process steam and electricity for a U.S. chemical plant.

The study modeled NuScale's NRC-approved uprated 77 MWe/250 MWt NPM with a high-temperature steam heat-augmentation system and found configurations from 4 to 12 NPMs viable: 4 NPMs plus boilers meet all plant needs, 8 NPMs provide N-2 redundancy, and a 12-NPM plant is most profitable by selling excess power. The design met the plant demand of 1.3 million kg/h steam at 400°C and 4.1 MPa while providing 73 MW electric output. The project was sponsored by DOE GAIN and the ORNL report is publicly available.

Fluor (NYSE: FLR) and NuScale (NYSE: SMR) agreed to convert Fluor’s remaining Class B units into NuScale Class A shares and to begin a structured monetization of those shares, subject to mutually agreed volume restrictions to preserve equity value. Fluor expects to complete the monetization by end of Q2 2026. As part of the exchange Fluor agreed to vote for an increase in NuScale’s authorized shares, reduce its economic rights under a tax receivable agreement, waive certain commercial claims, and accept limits on NuScale equity issuances through February 2026.

Both companies described the deal as orderly and value-preserving while enabling Fluor to monetize its stake.

NuScale Power (NYSE: SMR) reported third quarter 2025 results for the period ended September 30, 2025, highlighting a strengthened cash position and commercial progress.

Key metrics: $753.8 million in cash, cash equivalents and investments; 13.2 million shares sold via an ATM for $475.2 million gross proceeds; recognition of a $495.0 million Milestone Contribution under the ENTRA1 partnership tied to TVA deployment; revenue up $7.8 million and cost of sales up $5.2 million YoY for the quarter; investment income rose $3.8 million. The company said it advanced FEED work for RoPower Doicești, Romania, and noted ENTRA1’s agreement with TVA to deploy up to 6 GW of NuScale SMR capacity.

NuScale Power (NYSE: SMR) congratulated partner ENTRA1 Energy after ENTRA1 was positioned to receive up to $25 billion in investment under a newly announced $550 billion U.S.–Japan framework on October 28–29, 2025. The program aims to expand critical energy infrastructure, support AI data centers, manufacturing and defense, and create American jobs.

The release highlights ENTRA1’s separate agreement with TVA to develop up to 6 GW of clean baseload power using NuScale’s NRC-approved SMR technology.

NuScale Power (NYSE: SMR) named James D. Canafax as Chief Legal Officer and Corporate Secretary, effective October 20, 2025. Canafax brings decades of legal and compliance experience in nuclear, energy and manufacturing sectors, most recently as General Counsel and Chief Compliance Officer at Maritime Partners and previously as Senior VP, General Counsel and Corporate Secretary at BWX Technologies (NYSE: BWXT). His background includes managing M&A, high-profile litigation, and extensive engagement with the U.S. Nuclear Regulatory Commission, Department of Energy and Department of Defense. Canafax holds a JD from Harvard Law School, a BS in International Trade and Finance from LSU, and completed MIT’s Nuclear Reactor Technology Course for Executives.

Fluor (NYSE: FLR) announced on October 9, 2025 it completed the sale of 15 million converted Class A shares of NuScale, generating $605 million net proceeds. The company said it expects to use existing tax attributes to limit cash taxes and intends to use a majority of proceeds to enhance its ongoing share repurchase program. Fluor continues to hold 111 million NuScale LLC Class B units and associated Class B shares, representing about 39% equity in NuScale. Fluor forecasts cash and equivalents ≈ $2.7 billion at quarter end, including $364 million from NuScale sales prior to quarter end. Full Q3 operational results and share repurchase details will be provided on November 7, 2025.

NuScale Power (NYSE: SMR) will hold its Third Quarter 2025 earnings conference call on Thursday, November 6, 2025 at 5:00 p.m. ET. Investors can join by phone at (888) 550-5460 using conference ID 4347254 or via the company’s Quarterly Results webpage. A webcast replay will be available for 30 days after the call.

NuScale Power (NYSE: SMR) has announced its support for a landmark agreement between ENTRA1 Energy and Tennessee Valley Authority (TVA) to deploy up to 6 gigawatts of small modular reactor (SMR) capacity across TVA's seven-state service region. This represents the largest SMR deployment program in U.S. history.

The program aims to provide carbon-free, baseload electricity equivalent to powering the entire Dallas-Fort Worth metropolitan area, targeting high-demand sectors including hyperscale datacenters, artificial intelligence (AI), and semiconductor manufacturing. NuScale's technology is notable as the first and only U.S. NRC-approved SMR technology ready for commercial deployment.

NuScale Power (NYSE: SMR) reported its Q2 2025 financial results, highlighting significant operational and regulatory achievements. The company received NRC Standard Design Approval for its 77 MWe SMR design ahead of schedule, marking its second NRC design approval and maintaining its position as the only technology provider with this distinction.

Financial highlights include revenue of $8.1 million (up $7.1M YoY), with a strong liquidity position of $489.9 million in cash and investments. The company saw increased costs related to its transition to commercialization, with general and administrative expenses rising to $22.5 million. Interest income grew to $5.5 million, benefiting from higher-yielding investments.