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NuScale Power's NRC Lead Fails to Halt 65% Stock Slide

Holding the only U.S. NRC-approved small modular reactor design, the company faces investor concern after a Q1 revenue miss, heavy insider selling, projects delayed past 2030, a steep share decline.

Overview

  • As of late May 2026 the stock trades under $13, roughly 65% below its year-ago price and gives the company a market value near $4.4–$4.5 billion.
  • NuScale reported Q1 2026 revenue of about $565,000 and an operating loss near $57 million, a large miss versus analyst expectations and a 95.8% year-over-year revenue drop.
  • Insiders have sold heavily in recent months, including a 13.5 million-share April sale by a Fluor director and more than 40 million shares sold over a 90-day span, reducing executive ownership to about 1.3%.
  • The company still claims a regulatory advantage and has two headline projects—a planned 462 MW plant in Romania and a plan for roughly 6 GW for TVA through ENTRA1—but neither project is expected to deliver commercial power before 2030.
  • NuScale holds roughly $1 billion of liquidity, yet analysts remain cautious with a street consensus of Hold and an average price target near $15.92, highlighting the gap between regulatory progress and slow contract conversion risk that will determine funding needs and long-term returns.