Overview
- Romanian operator Nuclearelectrica approved a final investment decision on Feb. 13 for NuScale’s SMR project, targeting commercial operations in July 2033 and completion in December 2034.
- TD Cowen analyst Marc Bianchi cut NuScale to Hold on Feb. 11, citing the extended schedule and agreement terms that appear to shift more project risk onto the company.
- NuScale shares fell 8.8% between Feb. 11 and Feb. 18, continuing volatility that saw the stock surge to about $60 last year and fall back below $15 this week.
- NuScale holds U.S. NRC design approvals but has no firm reactor build contracts, and a previously planned Utah project was canceled due to cost overruns.
- Near-term fundamentals remain weak, with roughly $64 million in trailing revenue, significant cash burn, and a rising share count that could weigh on investors.