Overview
- NuScale shares fell about 7% in extended trading to $11.74 after the company posted weaker-than-expected first-quarter results.
- Quarterly revenue came in at $565,000 versus Wall Street’s $14.67 million estimate, and the loss was 14 cents per share versus a 13-cent loss expected.
- NuScale reported $1.0 billion in cash and investments at quarter-end and scheduled an investor call at 5 p.m. ET.
- The company said year-over-year revenue declined because 2025 included a Romania RoPower license payment and Fluor engineering work that did not recur, while R&D costs rose $3.7 million to advance reactor module components.
- Management highlighted an expanded supply partnership with Framatome and progress on a Tennessee Valley Authority program, noting NuScale’s SMR design holds U.S. NRC certification.