NuScale Power (NYSE:SMR) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

NuScale Power (NYSE:SMR) released its quarterly earnings results on Thursday. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01, FiscalAI reports. The business had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $3.66 million. NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The firm’s revenue for the quarter was down 96.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.85) earnings per share.

Here are the key takeaways from NuScale Power’s conference call:

• NuScale and Doosan Enerbility agreed to begin first-article production of a NuScale Power Module, moving the company from design preparation into physical manufacturing. Management says the work and its network of more than 60 suppliers can reduce deployment risk, though it expects component costs to be recovered through a future OEM agreement.
• NuScale ended the quarter with approximately $1.9 billion in liquidity, up from $916 million a year earlier, which management says is sufficient to fund manufacturing, engineering and licensing work. The company expects spending to remain measured, but said project activity could increase expenses as customer agreements advance.
• Third-quarter revenue fell to $0.3 million from $8.2 million a year earlier, as the prior-year period included RoPower engineering work that did not recur. The result underscores NuScale’s limited current revenue from project activity.
• The potential TVA opportunity remains contingent: management offered no timeline for a commercial agreement and clarified that a power purchase agreement would not itself constitute a module order; a separate OEM agreement would follow. ENTRA1 is still working to finalize project arrangements.
• Management described discussions with utilities, hyperscalers and industrial customers, including potential process-heat applications, and said NuScale is not solely reliant on data-center demand. These opportunities remain discussions rather than announced binding commitments.

NuScale Power Stock Performance

Shares of NYSE SMR traded up $0.64 during mid-day trading on Friday, hitting $5.01. 40,698,565 shares of the stock traded hands, compared to its average volume of 31,305,372. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -4.24 and a beta of 2.42. The stock has a fifty day moving average price of $7.44 and a 200-day moving average price of $10.56. NuScale Power has a 52 week low of $4.28 and a 52 week high of $32.09.

Analyst Ratings Changes

Several equities research analysts have recently commented on SMR shares. Wedbush began coverage on shares of NuScale Power in a research report on Tuesday. They issued an “underperform” rating and a $5.00 target price for the company. Citigroup reduced their price target on shares of NuScale Power from $4.00 to $3.50 and set a “sell” rating on the stock in a research report on Friday. Wall Street Zen upgraded shares of NuScale Power from a “strong sell” rating to a “sell” rating in a research report on Saturday. Canaccord Genuity Group decreased their price target on shares of NuScale Power from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday. Finally, UBS Group lowered shares of NuScale Power from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $10.00 to $6.00 in a report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.73.

NuScale Power News Roundup

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: NuScale says it has begun moving from reactor development toward physical module manufacturing, working with Doosan Enerbility. The company cited about $1.9 billion in liquidity and its NRC-approved reactor design; securing commercial orders, including progress in negotiations with the Tennessee Valley Authority, remains important. SMR Q3 Earnings Call Highlights Shift to Module Manufacturing
• Positive Sentiment: SMR shares benefited from a rebound in nuclear stocks, while NuScale’s CEO said the company is not reliant on data-center demand. That may help ease concerns that its prospects depend on a single source of electricity demand. NuScale: We’re “Not Reliant on Data Centers”
• Neutral Sentiment: Analyst views diverged: Cantor Fitzgerald lowered its target to $15 but maintained an Overweight rating, while RBC cut its target to $5 and kept Sector Perform. Canaccord price-target report
• Negative Sentiment: Citigroup cut its price target from $4 to $3.50 and rated the stock Sell, adding to pressure from analysts reassessing the shares. Citigroup rating information
• Negative Sentiment: Third-quarter revenue was only $0.28 million, far below the $3.66 million analyst estimate and down 96.6% year over year. The $0.11-per-share loss was slightly better than the $0.12 consensus, but the revenue shortfall highlights the distance between manufacturing progress and meaningful sales. NuScale Power Reports Third Quarter 2026 Results

Insiders Place Their Bets

In other NuScale Power news, CFO Robert Hamady sold 29,880 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $9.39, for a total transaction of $280,573.20. Following the completion of the transaction, the chief financial officer owned 124,235 shares of the company’s stock, valued at approximately $1,166,566.65. This trade represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Shinji Fujino sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total transaction of $177,200.00. Following the sale, the director owned 17,242 shares in the company, valued at approximately $152,764.12. This trade represents a 53.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 69,880 shares of company stock valued at $615,573. 1.28% of the stock is owned by corporate insiders.

NuScale Power Company Profile

NuScale Power Corporation develops small modular reactor (SMR) technology for producing electricity and other forms of low-carbon energy. The company’s core product is the NuScale Power Module, a compact pressurized-water reactor designed to be manufactured in a factory, transported to a site and deployed in scalable configurations.

NuScale markets its technology through the VOYGR power plant platform, which can combine multiple reactor modules to meet the needs of utilities, industrial users and other customers.