NuScale Power Corporation filings document operating results, Regulation FD updates, material agreements, capital-structure actions, and stockholder governance for an advanced small modular reactor technology company. Form 8-K reports cover financial-results releases, business update calls, equity financing arrangements, and amendments to corporate charter provisions affecting authorized Class A common stock.
Proxy statements describe annual and special meeting procedures, voting matters, board and governance disclosures, and security-holder approvals. The filing record also reflects NuScale’s public-company capital structure, including Class A and Class B common stock references, at-the-market equity program disclosures, and formal exhibits tied to corporate actions and material events.
NuScale Power investor Fluor Corporation, through affiliated entity NuScale Holdings Corp., reported an open-market sale of 463,747 shares of NuScale Class A Common Stock. The weighted average sale price was $13.1466 per share, with individual trades executed between $12.78 and $13.451.
After this transaction, 39,936,472 shares of NuScale Class A Common Stock are reported as beneficially owned by Fluor Enterprises, Inc., a wholly owned subsidiary of Fluor Corporation. Fluor has committed to provide full detail of the shares sold at each price within the disclosed range upon request.
NuScale Power Corporation files a prospectus supplement establishing an at-the-market offering under a Sales Agreement to sell up to $1,000,000,000 of Class A Common Stock through UBS, B. Riley, Canaccord and Tuohy Brothers. Sales may occur in negotiated transactions, block trades or other methods permitted by law.
The supplement states an illustrative example: assuming sales of 75,872,534 shares at the February 25, 2026 closing price of $13.18 per share, NuScale’s resulting common shares outstanding would be 413,766,320 shares (based on December 31, 2025 balances). Net proceeds are for general corporate purposes, including contribution amounts under the Partnership Milestones Agreement.
NuScale Power Corporation established an at-the-market stock offering program for up to $1,000,000,000 of its Class A common stock. The company entered a Sales Agreement with UBS Securities, B. Riley Securities, Canaccord Genuity, and Tuohy Brothers to act as sales agents.
NuScale may from time to time set parameters for share sales, including amount, timing, daily limits, and minimum prices, with sales executed on the New York Stock Exchange or other markets. The company will pay commissions of up to 2% of gross proceeds on shares sold under this program.
The shares will be issued under NuScale’s automatically effective shelf registration statement on Form S-3ASR, with a related prospectus supplement dated February 26, 2026. In connection with this new Sales Agreement, NuScale terminated its prior at-the-market offering program established in November 2025.
NuScale Power Corporation describes how it is developing proprietary small modular reactor (SMR) technology centered on its 77 MWe NuScale Power Module, designed for factory fabrication, passive safety and scalable deployments from one to twelve modules per plant.
The company highlights over $1.8 billion invested in its technology, including more than $578.3 million from the U.S. Department of Energy, and a global patent portfolio of 513 issued patents with 268 pending. It notes U.S. Nuclear Regulatory Commission approval of its second Standard Design Approval for a 6‑unit 77 MWe design, enabling customers to reference this certified design for streamlined licensing.
NuScale outlines its service-based revenue model around licensing, engineering, fuel and lifecycle support, and details strategic relationships with RoPower in Romania and ENTRA1, including a Partnership Milestones Agreement and ENTRA1’s non‑binding collaboration with Tennessee Valley Authority for up to 6 GW of new nuclear capacity. Extensive risk factors emphasize the need for additional funding, lack of binding NPM delivery contracts, competitive and regulatory pressures, complex tax and Tax Receivable Agreement obligations, and dependence on key partners and personnel.
NuScale Power reported 2025 revenue of $31.5 million, down from $37.0 million in 2024, and a net loss of $664.5 million, compared with $348.4 million a year earlier. Results were heavily affected by a sharp rise in general and administrative expenses to $609.8 million, mainly from recognizing $507.4 million for Milestone Contribution 1 under its Partnership Milestone Agreement with ENTRA1.
The company strengthened liquidity, ending 2025 with $1.3 billion in cash, cash equivalents, and short- and long-term investments. This was supported by selling 39.3 million shares through an at-the-market program in the fourth quarter, generating $750.0 million in gross proceeds. Operating activities used $459.6 million of cash during the year as NuScale continued investing in commercialization and long-lead materials.
Management highlighted progress on its strategic SMR deployment efforts, including ENTRA1’s nonbinding agreement with Tennessee Valley Authority for up to 6 gigawatts of NuScale capacity and completion of Fluor’s Phase 2 FEED study for the RoPower project in Romania. A separate study indicated NuScale’s technology could profitably supply power and process steam to chemical plants, supporting additional industrial use cases.
SMR filed a Form 144 notice to sell 463,747 shares of Class A Common Stock, listed on the NYSE. The sale is described as pursuant to an exchange of Class B common units of NuScale Power, LLC dated 11/21/2025, and the filing date shown is 02/26/2026.
Fluor Corporation, a major shareholder of NuScale Power, reported a large insider sale of Class A Common Stock. On 02/13/2026, entities associated with Fluor sold 71,000,000 shares at an average price of $19.0498 per share in an open-market transaction.
After this sale, 40,400,219 NuScale Class A shares were reported as beneficially owned indirectly. According to the footnote, 39,936,472 of these shares are held by Fluor Enterprises, Inc., a wholly owned subsidiary of Fluor Corporation, and 463,747 shares are held by NuScale Holdings Corp., which is majority owned by Fluor Enterprises.
Fluor Corporation and its affiliates updated their ownership in NuScale Power after executing and committing to large share sales. A Fluor subsidiary, Nuke Holdings, LLC, sold 71,000,000 NuScale Class A shares to Goldman Sachs International at $19.0498 per share on February 13, 2026.
On February 17, 2026, Nuke agreed in separate letter agreements to sell 13,500,000 Tranche A shares and 13,500,000 Tranche B shares to Bank of America and 12,936,472 shares to Citibank at variable prices set when each sale program ends, all to be completed no later than the second quarter of 2026, subject to possible early termination by the banks.
Following these arrangements, Nuke is the record owner of 39,936,472 NuScale Class A shares, representing 13.2% of the combined outstanding Class A and Class B stock, while NuScale Holdings owns 463,747 Class A shares, representing 0.2%.
Fluor Corp has filed a notice of proposed sale under Rule 144 to dispose of up to 27,000,000 shares of Class A common stock of NuScale Power, with an aggregate market value of $386,370,000. The shares are expected to be sold on the NYSE through BofA Securities, Inc. around February 17, 2026.
The notice states that these securities were acquired on November 7, 2025 through an exchange of Class B common units of NuScale Power, LLC. It also discloses that Fluor Corp sold 71,000,000 shares of NuScale Class A common stock on February 13, 2026 for gross proceeds of $1,352,538,262. NuScale had 282,843,482 Class A shares outstanding at the time referenced.
NuScale Power received a Rule 144 notice for a planned sale of 12,936,472 shares of its Class A common stock through Citigroup Global Markets on the NYSE, with an aggregate market value of $185,120,914. Shares outstanding were 282,843,482 as of the notice. The seller acquired 110,936,472 Class A shares on 11/07/2025 via an exchange of Class B common units of NuScale Power, LLC. Over the prior three months, Fluor Corp sold 71,000,000 NuScale Class A shares for gross proceeds of $1,352,538,262.