NuScale Power Gains NRC Approval for SMR Design

NuScale Power ( (SMR) ) has shared an update.

NuScale Power Corporation has received approval from the U.S. Nuclear Regulatory Commission for its uprated 77 MWe small modular reactor (SMR) design. This approval strengthens NuScale’s position as the only SMR technology company with NRC design approval and supports its partner ENTRA1 Energy in delivering reliable, carbon-free energy. The approval marks a significant step in NuScale’s goal to provide clean and safe energy, with deployment expected by 2030. The uprated design increases power output from the previously approved 50 MWe design, allowing for a wider range of energy consumers to benefit from this technology.

The most recent analyst rating on (SMR) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on NuScale Power stock, see the SMR Stock Forecast page.

Spark’s Take on SMR Stock

According to Spark, TipRanks’ AI Analyst, SMR is a Neutral.

NuScale Power’s overall stock score reflects a company with strong revenue growth and strategic advancements in the SMR market, yet facing significant challenges with profitability and valuation. The financial performance struggles to maintain positive cash flows and earnings, impacting its attractiveness. Despite positive sentiment from the latest earnings call, the technical indicators and valuation concerns contribute to a cautious overall outlook.

To see Spark’s full report on SMR stock, click here.

More about NuScale Power

NuScale Power Corporation, founded in 2007 and listed on NYSE as SMR, is a leading provider of advanced small modular reactor (SMR) nuclear technology. The company aims to support the global energy transition by delivering safe, scalable, and reliable carbon-free energy through its NuScale Power Module™, which can generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross). NuScale’s SMR technology is the first and only one certified by the U.S. Nuclear Regulatory Commission, positioning the company to serve diverse global customers in various applications such as electrical generation, district heating, and hydrogen production.

Average Trading Volume: 9,281,828

Technical Sentiment Signal: Buy

Current Market Cap: $10.1B

See more insights into SMR stock on TipRanks’ Stock Analysis page.