Overview
- Romania’s Nuclearelectrica approved a final investment decision on February 13 for its NuScale small modular reactor project.
- The plan targets first commercial operations in July 2033 with full plant completion in December 2034.
- TD Cowen downgraded NuScale from Buy to Hold on February 11, citing the extended timeline and contract terms that shift more project risk to the company.
- NuScale shares fell 8.80% between February 11 and February 18, placing it among the week’s worst-performing energy stocks.
- The Romanian project has been in planning since 2021 after earlier expectations pointed to a 2030 start, and NuScale’s 12‑module design can deliver up to 924 MWe.