NuScale Power

Market data as of Jul 28, 2026, 11:21 AM · Source: Yahoo Finance (delayed). Not investment advice.

Overview

The first and only small modular reactor developer with a design certified by the US Nuclear Regulatory Commission, positioning its SMRs to meet surging behind-the-meter AI data center power demand. NuScale entered an exclusive technology agreement with Standard Power in April 2026 to develop two SMR-powered facilities in Ohio, but its stock has since collapsed to an 8-year low (down 84% from its 52-week high) after Q1 2026 revenue imploded 96% year-over-year to just $565,000, even as it secured a new SMR deployment deal in mid-July 2026.

Dependency Map

One hop in each direction — see Strategic Connections below for the full, sourced breakdown of every relationship.

Strategic Connections

Strategic Risks

• No SMR yet operating commercially at scale; construction and regulatory timelines remain a key execution risk
• Competitive field of well-funded SMR developers targeting the same hyperscaler customer base
• Q1 2026 revenue collapsed 96% year-over-year with customer contracts still unsigned, raising execution-risk questions despite the NRC certification advantage

Future Outlook

• Standard Power Ohio facilities positioned as a proof point for dedicated data center nuclear power
• NRC design certification seen as a durable competitive advantage versus less-derisked SMR designs
• Q2 2026 earnings call scheduled for August 5, 2026 as the next key catalyst

Sources

• U.S. Securities and Exchange Commission (EDGAR) (Feb 2026) — NuScale Power FY2025 Annual Report (Form 10-K), filed with the SEC
• EnkiAI / industry coverage (Apr 2026) — NuScale Power signs exclusive SMR agreement with Standard Power for Ohio data centers
• Yahoo Finance (May 2026) — NuScale's NRC-certified SMR design positions it for AI data center demand
• Foreign Policy Journal / The Motley Fool (Jul 2026) — NuScale stock hits 8-year low as Q1 2026 revenue collapses 96% and contracts remain unsigned