Nuclear Power NYSE: SMR

NuScale Power Corporation (SMR)

The only NRC-certified small modular reactor design in the US.

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✓ Reviewed by Get AI Decoded Editorial Team Updated April 2026

The AI Angle

NuScale holds a regulatory advantage that no other nuclear company in the US currently has: its 77-megawatt NuScale Power Module received NRC standard design approval in 2025 — making it the only US small modular reactor with federal certification. This head start matters enormously in a market where regulatory timelines can stretch a decade.

NuScale signed a memorandum of understanding with the Tennessee Valley Authority (TVA) for a potential multi-gigawatt SMR deployment — the largest SMR program in US history. Meta also signed deals with nuclear companies in early 2026 for 6+ gigawatts of power, signaling hyperscaler demand for nuclear baseload to power AI data centers.

Key Numbers

$31.5M

2025 Revenue

Pre-revenue stage; development company

$1.3B

Cash & Investments

At year-end 2025; funds operations

77 MWe module

NRC Approval

Uprated design; only US-certified SMR

Multi-GW potential

TVA Partnership

Largest planned SMR program in US

3/5

AI Exposure Score

Significant AI exposure.

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⚡ About AI Exposure Score: Reflects how central AI is to this company's current revenue and growth strategy. 5 = AI is the core business. 1 = AI is a minor angle. Editorial assessment — not a buy/sell signal.

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Upcoming Catalysts

TVA partnership advancing toward binding contracts for US SMR fleet
Meta and other hyperscaler nuclear power deals driving SMR demand
NRC-approved design gives NuScale first-mover regulatory advantage
Additional utility partnerships expected as nuclear demand signals strengthen

Key Risks

Class action lawsuits filed in March 2026 over TVA milestone payment disclosures
Pre-revenue: no operating reactors; commercial deployment years away
Cash burn requires continued equity raises ($750M in ATM sales in 2025)
Cost competitiveness vs. renewables and existing nuclear remains unproven at scale

Sources: StockTitan (Mar 12, 2026), SimplyWallSt (Feb 7, 2026), Yahoo Finance

⚠️ Not financial advice. This page is for informational purposes only. All figures are sourced from public earnings reports, company guidance, and financial news. Past performance is not indicative of future results. Always do your own research before making any investment decisions.