The small modular reactor developer remains unprofitable and has yet to secure its first commercial sale despite approved designs.
NuScale Power (SMR) stock has fallen over 75% from its 52-week high as the company struggles to convert approved small modular reactor (SMR) designs into actual sales. Despite partnerships with utilities in Romania and the U.S., no funding has been secured for planned projects, leaving revenue uncertain.
The company has an approved SMR design and a supply chain in place but remains unprofitable. Prior investor enthusiasm was driven by news flow rather than concrete financial progress, with no revenue-generating sales yet confirmed.
Shares have retreated sharply as aggressive growth expectations fade, reflecting skepticism over the company’s ability to execute without proven commercial demand.