NuScale Power (NYSE:SMR) Releases Quarterly Earnings Results, Misses Expectations By $0.70 EPS

NuScale Power (NYSE:SMR) released its quarterly earnings data on Thursday. The company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.70), FiscalAI reports. The business had revenue of $1.81 million during the quarter, compared to the consensus estimate of $8.76 million. NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%.

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

• NRC approved NuScale’s 77 MW standard design ahead of schedule, leaving NuScale as the only SMR certified under 10 CFR Part 52 and giving the company a regulatory first-mover advantage for commercial deployments.
• ENTRA1 and TVA are progressing toward a potential 6 GW (72-module) program — ENTRA1 has assembled teams, completed site evaluations, and secured at least one multi?billion dollar term sheet signatory, but a binding PPA has not yet been announced and many details remain under NDA.
• NuScale ended 2025 with $1.3 billion in liquidity (about $1.0B post?close items) and a historical adjusted OpEx run rate near $170–200M, which management says provides a comfortable runway to advance commercialization activities.
• Supply?chain progress: 12 NuScale Power Modules are in production at Doosan, with Doosan increasing capacity toward 20 modules/year and plans to further expand, giving NuScale a timing advantage for initial deployments.
• International progress: NuScale completed FEED 2 for Fluor on Romania’s RoPower project, recognized $63.1M from that work, and RoPower shareholders voted to advance pre?EPC activities (expected to begin Q2), creating a near?term services revenue pathway.

NuScale Power Price Performance

NYSE SMR traded down $0.39 during trading on Friday, reaching $12.95. The company’s stock had a trading volume of 13,273,001 shares, compared to its average volume of 28,594,895. The firm has a fifty day moving average of $16.85 and a 200 day moving average of $27.30. The stock has a market capitalization of $3.86 billion, a PE ratio of -4.52 and a beta of 2.14. NuScale Power has a one year low of $11.08 and a one year high of $57.42.

Insider Activity at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the transaction, the chief financial officer owned 46,283 shares of the company’s stock, valued at $1,026,094.11. This represents a 46.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently made changes to their positions in SMR. Arax Advisory Partners grew its holdings in shares of NuScale Power by 26.0% during the 4th quarter. Arax Advisory Partners now owns 3,739 shares of the company’s stock valued at $53,000 after purchasing an additional 772 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of NuScale Power by 7.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 14,270 shares of the company’s stock worth $514,000 after buying an additional 1,015 shares during the period. Triumph Capital Management bought a new stake in shares of NuScale Power in the 3rd quarter valued at about $37,000. EverSource Wealth Advisors LLC boosted its stake in shares of NuScale Power by 187.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the company’s stock valued at $67,000 after purchasing an additional 1,105 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in NuScale Power by 72.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,289 shares of the company’s stock worth $118,000 after acquiring an additional 1,384 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power News Roundup

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

• Positive Sentiment: Northland Securities upgraded SMR to “outperform” with a $21 price target, providing a near-term bullish analyst endorsement. Finviz: Northland upgrade
• Positive Sentiment: Company outlined a plan for up to 6 GW U.S. nuclear deployment and highlighted about $1.3B of liquidity for 2026 — signals of funding and longer-term commercialization progress. NuScale outlines 6 GW deployment
• Positive Sentiment: Strategic partnerships and project progress (AI collaboration with Oak Ridge National Lab; Romania coal-to-SMR FID moving to implementation) support NuScale’s commercialization narrative. NuScale advances energy innovation Romania FID article
• Neutral Sentiment: Earnings call transcript and slide deck are available for investors seeking details on guidance, commercialization and ENTRA1 issues — useful for assessing management’s next steps. Q4 earnings call transcript
• Negative Sentiment: Q4 results missed badly: EPS of ($0.80) vs. ($0.10) expected and revenue of $1.81M vs. $8.76M consensus — the shortfall and weak commercial revenue drove immediate selling pressure and investor concern. NuScale reports Q4 results
• Negative Sentiment: Multiple securities-law firms have filed or issued class-action notices alleging misstatements/omissions around ENTRA1 and commercialization, with an April 20, 2026 lead-plaintiff deadline — raising litigation risk and potential liability. Faruqi & Faruqi class action reminder Berger Montague class action notice
• Negative Sentiment: Short interest rose sharply in February (shorts ~14.9% of float), adding downward pressure and increase in trading volatility. (Market data reported Feb. 25.)

Wall Street Analysts Forecast Growth

SMR has been the topic of a number of analyst reports. TD Cowen downgraded shares of NuScale Power from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Monday, December 29th. Bank of America raised NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Friday, January 9th. Barclays decreased their price objective on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, B. Riley Financial cut their target price on NuScale Power from $38.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.12.

NuScale Power Company Profile

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.