Overview
- NuScale shares are down more than 75% from their 52-week and all-time high after a 2025 surge that briefly lifted the stock about 200%, and recent moves suggest sharp swings will continue.
- The company holds a U.S.-approved small modular reactor design but has not sold a reactor and remains a money-losing start-up.
- In Romania, partner RoPower cleared a plan to use six NuScale reactors, yet financing is not in place, so the project does not count as a sale.
- Work with the Tennessee Valley Authority and ENTRA1 aims for up to six gigawatts of capacity, which is still in planning and not a firm order.
- NuScale says its supplier network is ready, but its ability to manufacture and deliver at scale will remain unproven until it secures a funded first project.