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NuScale Power’s $120 Target Would Demand $1.7 Billion in Annual Revenue

Hitting that mark would mean about 30 modules in service under NuScale’s stated economics.

Overview

  • An analysis estimates a $120 share price implies roughly a $40 billion valuation at 25 times sales and about $1.7 billion in yearly revenue.
  • NuScale reported about $31.5 million in revenue for 2025 and has not yet sold a small modular reactor system.
  • Based on NuScale’s plan for a 77 megawatt module priced near $89 per megawatt-hour with 95% uptime, one unit could generate about $57 million a year.
  • The revenue goal would require roughly 30 modules operating at those output and pricing levels.
  • NuScale highlights a first project pursuit in Romania and a potential 6 gigawatts with the Tennessee Valley Authority through ENTRA1 Energy as possible routes to early deployments.