Reading the tape
NYSE: SMR
NuScale Power Corporation
Utilities · Renewable Utilities
Market Cap
$3.48B
52w High
$57.42
52w Low
$8.85
P/E
-5.37
Volume
45.88M
Outstanding Shares
298.18M
Price vs Fundamentals
Why The Stock Is Moving
Likely fundamental deteriorationModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -14.44%Revenue (TTM): -15.02%FCF (TTM): -323.25%P/S: 67th pct
What changed
The stock fell 14.44% over the last year. Revenue declined 15.02% over the trailing twelve months. Operating margin moved from -374.48% to -2,190.57%. Free cash flow declined 323.25% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/S, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at -2,190.57%. Revenue declined 15.02% — this read reverses if that trend stabilizes. Free cash flow fell 323.25% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
NuScale Power Corporation develops and sells modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications.
CEOJohn Lawrence Hopkins
SectorUtilities
IndustryRenewable Utilities
Employees330
IPO dateMar 1, 2022
Valuation
Forward P/E—
EV/EBITDA-6.53
Enterprise value$4.33B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-94.72%
Gross margin36.31%▼58.10%vs FY2024
Operating margin-2,190.57%▼484.97%vs FY2024
ROE-30.44%▼37.85%vs FY2024
Analyst consensus
RatingBuy
Target price$19.20▲64.52%
8
Buy
5
Hold
3
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est -$0.11 · Revenue est $7M
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