NuScale Power (SMR): +16% Surge in 30 Days Amid Nuclear Momentum, But Quarterly -32% Drop Signals Caution
Key Takeaways
- SMR stock rose approximately +16% over the past 30 days amid nuclear sector momentum, new operations center opening, and anticipation for Q1 earnings on May 7.
- Over the past quarter, the stock declined -32%, reflecting revenue shortfalls from completed RoPower project phases, wider losses, and analyst target reductions.
- Key drivers include partnerships like ENTRA1/TVA for potential 6 GW deployment, regulatory approvals, but offset by execution risks, high cash burn, and class action lawsuits.
- Volatility persists due to sector trends in AI data center power demand and macroeconomic shifts favoring clean energy.
- Analyst consensus holds a neutral rating with an average price target around $17-$18, implying upside potential.
Understanding NuScale Power (SMR) and Its Place in the Market
NuScale Power Corporation (SMR) stands out as a leading provider of small modular reactor (SMR) technology solutions, with a focus on scalable light-water nuclear reactors like the NuScale Power Module (NPM). The company's approach centers on licensing its proprietary designs, offering engineering services, and partnering with utilities for deployment—rather than owning plants themselves—which helps keep capital requirements low while linking revenue to project milestones.
In the nuclear power landscape, NuScale benefits from a first-mover advantage as the only SMR developer with U.S. Nuclear Regulatory Commission (NRC) design certification. This gives it a strong position against traditional large-scale reactors and newer competitors, especially as demand grows for carbon-free baseload power to support AI data centers. From what I see, the stock's recent movements capture this dynamic: gains tied to sector enthusiasm and partnerships, balanced against challenges like delayed commercialization and ongoing funding needs.
SMR Stock Performance: A Tale of Two Timeframes
In the last 30 days, SMR stock climbed +16%, closing at $11.85 on May 5 from around $10.17 near April 6. The path was volatile, driven by trends, with notable rallies—like a 14.7% jump on April 15 amid nuclear sector news—and pullbacks, accompanied by high trading volumes topping 50 million shares on peak days.
Looking back over the past quarter, however, the stock fell -32%, dropping from about $17.53 in early February to the current $11.85. It stayed range-bound initially, then slid sharply on earnings disappointments before a partial rebound. This pattern tracks broader nuclear stock trends but lagged more volatile peers like OKLO.
I also checked this using Tickeron’s AI Screener to gauge how SMR stacks up against industry peers.
Breaking Down the +16% Move Over the Last 30 Days
The recent uptick in SMR reflects renewed enthusiasm for nuclear power, particularly after the company's April 29 announcement of a new Houston Operations Center. This move aims to enhance project execution and client engagement, signaling tangible progress amid surging AI-driven power needs.
Sector-wide catalysts added fuel: U.K. SMR financing deals and Rolls-Royce developments triggered that 14.7% single-day gain on April 15, with volumes reaching 57 million shares. Analyst updates were mixed—B. Riley held Buy at $19 (April 24), HSBC started coverage with Hold at $13 (April 23), Citigroup stuck with Sell at $9 (April 21)—yet average targets around $17 offered a floor.
Positioning ahead of Q1 earnings on May 7, which are expected to show a $0.11 loss per share, contributed to the optimism, even with past misses in the rearview. Broader sentiment favoring clean energy helped overshadow items like Fluor wrapping up its SMR stake sale for $473 million.
The Drivers Behind the Quarterly -32% Decline
The quarter's drop was largely triggered by Q4 2025 earnings released on February 26: revenue plunged 95% year-over-year to $1.81 million, missing estimates, with EPS at -$0.80 against the anticipated -$0.10. This stemmed from the completion of RoPower (Romania) FEED2, which cut licensing revenue. Full-year 2025 revenue dipped to $31.5 million, while losses expanded to $355.8 million due to ENTRA1 milestone payments and rising G&A costs.
Execution hurdles piled up: Romania's Doicești project slipped to 2033-34, prompting a TD Cowen downgrade. Class action suits questioning ENTRA1 partner credibility added downside pressure. Analysts trimmed targets (like UBS to $13), citing funding demands despite $1.3 billion in liquidity.
Macro headwinds, including renewable competition and elevated interest rates, weighed on sentiment, though the ENTRA1/TVA 6 GW collaboration and NRC approvals provided some offset. Institutional moves, such as Fluor's stake exit, accelerated the decline.
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What to Watch in SMR's Outlook Moving Forward
One thing that stands out for SMR investors is the Q1 2026 earnings on May 7, where updates on new contracts, revenue, and binding power purchase agreements (PPAs) will be key. Industry tailwinds like AI data center power demand and NRC nods for uprated designs remain supportive.
The broader environment—interest rates, inflation, clean energy policies—will shape funding for initiatives like RoPower and the ENTRA1/TVA 6 GW effort. Progress on the Houston center and partnerships, such as the Oak Ridge AI collaboration, could point to faster commercialization.
That said, risks loom large: project delays, milestone-driven cash burn, ENTRA1-related legal issues, and rivalry from players like OKLO or BWXT. On the flip side, DOE fuel backing or fresh deals could spark upside. I'm watching these closely for signals on the next move.
Disclaimer
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SMR's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for SMR turned positive on May 28, 2026. Looking at past instances where SMR's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 27, 2026. You may want to consider a long position or call options on SMR as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
SMR moved above its 50-day moving average on May 26, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SMR crossed bullishly above the 50-day moving average on June 01, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SMR advanced for three days, in of 247 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where SMR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SMR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SMR broke above its upper Bollinger Band on June 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SMR entered a downward trend on May 29, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.559) is normal, around the industry mean (6.318). P/E Ratio (0.000) is within average values for comparable stocks, (50.504). SMR's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (2.020). Dividend Yield (0.000) settles around the average of (0.019) among similar stocks. P/S Ratio (136.986) is also within normal values, averaging (142.082).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SMR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SMR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock worse than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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