Welcome to our dedicated page for NuScale Power news (Ticker: SMR), a resource for investors and traders seeking the latest updates and insights on NuScale Power stock.
NuScale Power Corporation develops proprietary small modular reactor nuclear technology centered on the NuScale Power Module, a pressurized water reactor design certified by the U.S. Nuclear Regulatory Commission. Company news commonly covers SMR commercialization, project planning, supply-chain and fuel-fabrication relationships, and applications for electrical generation, data centers, district heating, desalination, hydrogen production, and industrial process heat.
Recurring updates also include operating and financial results, capital-market activity, strategic partnerships, customer and industrial collaborations, and expansion of project-execution capabilities. NuScale’s disclosures frequently connect its reactor technology to deployment programs, energy and industrial customers, and the infrastructure needed to support commercial use of its SMR platform.
NuScale Power (NYSE: SMR) has announced the completion of its warrant redemption program. Approximately 97% of outstanding warrants were exercised by holders to purchase Class A Common Stock at $11.50 per share. This resulted in the issuance of 19,800,548 shares of Common Stock, generating $227.7 million in cash proceeds for the company. All remaining unexercised warrants as of December 19, 2024, were redeemed at $0.01 per warrant. Following this redemption, no warrants remain outstanding, and they have ceased trading on the NYSE.
NuScale Power (NYSE: SMR) announced the opening of its latest Energy Exploration (E2) Center at The Ohio State University in Columbus. The center, co-funded by the university's Department of Mechanical and Aerospace Engineering and a U.S. Department of Energy grant, features a 12-module SMR power plant control room simulator for hands-on nuclear training.
The E2 Center provides real-world nuclear power plant operation scenarios through state-of-the-art computer modeling, allowing users to experience control room operations firsthand. The facility will also serve as an educational hub for community outreach, offering demonstrations and tours to local leaders, K-12 students, and the public.
This marks NuScale's sixth E2 Center globally, with other locations at Oregon State University, Texas A&M University, Idaho State University, University Politechnica in Romania, and Seoul National University in South Korea.
NuScale Power (NYSE: SMR) has announced the redemption of all outstanding warrants to purchase shares of its Class A Common Stock. The redemption will occur on December 19, 2024, at a price of $0.01 per warrant. Warrant holders can exercise their warrants until the redemption date by paying the $11.50 per warrant exercise price to receive common stock. The redemption follows the satisfaction of stock sales price conditions, requiring the stock to exceed $18.00 per share across 20 trading days within a 30-day period, which was met on November 14, 2024. Any unexercised warrants will be void after the redemption date.
NuScale Power (NYSE: SMR), a leader in advanced small modular reactor nuclear technology, announced its participation in several upcoming investor conferences. The schedule includes: NYSE Industrials Conference (Nov 19), Jefferies New Nuclear Conference (Nov 21), UBS Global Technology and AI Conference (Dec 3), Bank of America Clean Energy Symposium (Dec 5), Wolfe Research Small and Mid-Cap Conference (Dec 5), Craig-Hallum Nuclear Energy Revisited Conference (Dec 11), and Goldman Sachs Energy, CleanTech & Utilities Conference (Jan 7, 2025). Attendance is invitation-only for clients of each firm.
NuScale Power (NYSE: SMR) reported its Q3 2024 financial results, highlighting progress in its small modular reactor (SMR) technology development. The company ended Q3 with $161.7 million in cash and equivalents, reporting revenue of $0.5 million and a net loss of $45.5 million. Operating expenses decreased to $41.2 million from $93.9 million year-over-year. Key developments include advancing Fluor's FEED Phase 2 study for the RoPower Doicești SMR plant in Romania and progress in module production with Doosan Enerbility. The company noted increased interest from technology companies seeking clean energy solutions for AI and data centers.
NuScale Power (NYSE: SMR), a leader in advanced small modular reactor nuclear technology, has announced its upcoming third quarter 2024 earnings conference call. The call is scheduled for Thursday, November 7, 2024, at 5:00 p.m. ET. Financial results will be released after market close on the same day.
Interested parties can access the conference call by dialing (888) 550-5460 with conference ID 4347254 or by visiting the Events & Presentations page on NuScale's website. A replay of the webcast will be available for 30 days following the call.
NuScale Power (NYSE: SMR) reported its Q2 2024 results, highlighting accelerated business development, particularly in the data center/AI sector. Key developments include:
1. RoPower's authorization of Phase 2 Front-End Engineering and Design (FEED) for the Doicesti SMR power plant.
2. Advancement in manufacturing preparedness with Doosan Enerbility forging long lead materials.
3. Standard Design Approval application under review by the U.S. NRC, on track for mid-2025 completion.
Financial highlights:
- Cash and equivalents: $136.0 million
- Revenue: $1.0 million
- Net loss: $74.4 million, including $36.7 million non-cash expense related to warrant valuation
- Operating loss: $41.9 million, down from $56.1 million in Q2 2023
NuScale Power (NYSE: SMR), a leading provider of advanced small modular reactor nuclear technology, has announced its participation in several upcoming institutional investor conferences. These events, scheduled from August to October 2024, include:
- KeyBanc Technology Leadership Forum in Vail, CO (Aug 4-6)
- Canaccord Growth Conference in Boston, MA (Aug 13)
- NYSE Energy & Utilities Summit (Virtual, Sep 10)
- TD Cowen Nuclear Fuel Cycle & Next Generation Nuclear Roundtable (Virtual, Oct 8)
Attendance is by invitation only for clients of each firm. Interested investors should contact their sales representatives to register and secure meeting times. For a complete list of conferences, visit NuScale's Events & Presentations page.
NuScale Power (NYSE: SMR) has responded to a report by Hunterbrook, a known short-seller, released on July 29, 2024. The company strongly refutes the report's claims, characterizing them as an attempt to manipulate the stock market through sensationalized information. NuScale firmly states that the Securities and Exchange Commission (SEC) has not informed them of any current or potential investigation into the company. Furthermore, NuScale asserts that it is unaware of any grounds for such an investigation. This response aims to address concerns and maintain investor confidence in the face of potentially damaging allegations.
NuScale Power (NYSE: SMR), a leader in advanced small modular reactor (SMR) nuclear technology, will host a conference call to discuss its second quarter 2024 earnings on August 8, 2024, at 5:00 p.m. ET. The company will release its financial results after the market closes on the same day. Interested parties can join via a dedicated phone line or through the company's website. A replay of the call will be accessible for 30 days following the event.