Overview
- NuScale shares have plunged roughly 83% from their 52‑week high as the company reports almost no current revenue and a quarterly net loss of about $50.1 million.
- The company still owns the sole U.S. NRC‑certified small modular reactor design, the uprated US460, but certification has not produced paying customers.
- Engineering revenue from a previously cited Romania project has ended and NuScale’s sales have fallen to near zero, leaving commercialization dependent on new contracted orders.
- NuScale holds about $1.9 billion in cash and investments, which gives it runway to pursue deals but cannot replace firm contracts as a source of recurring revenue.
- Investors can access growing nuclear demand in other ways because fuel suppliers like Cameco have multi‑year uranium delivery contracts and utilities like Constellation are adding long‑term power purchase agreements, and slow order conversion would delay wider SMR deployment and supply‑chain scaling.