tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Nuscale Power reports Q1 revenue $13.4M, consensus $3.44M

“In the first quarter, NuScale continued to take proactive steps to build on our leadership as the first and only SMR provider to receive NRC design approval,” said John Hopkins, President and CEO of NuScale Power (SMR). “With 12 modules already in the manufacturing process, we further readied our supply chain to ensure we stay on course to achieve our 2030 delivery target. Alongside our exclusive commercialization partner ENTRA1 Energy, we are in advanced dialogue with several prospective customers across governments and industries, including data centers, utilities, coal plant operators transitioning to nuclear, and petrochemical and energy companies. NuScale has built a solid foundation across our business, and we are excited for the opportunities ahead of us this year as we look to bring reliable, 24/7 carbon-free energy to market.”

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1