SMR

NuScale Power stock has plunged over 90% from its $57 peak despite growing demand for nuclear energy in data centers. The company's outlook could be transformed by a potential binding deal with the Tennessee Valley Authority for up to 6 GW of power deployment, which would require up to 72 NuScale Power Modules. Until such a firm commitment materializes, NuScale remains a risky, story-driven stock with significant downside risk.

NuScale Power's stock has plummeted 85% from its $53 peak to under $8, driven by investor sentiment swings rather than business fundamentals. The company, which develops small modular nuclear reactors (SMRs), has an approved design but hasn't secured its first commercial customer yet. A signed contract with RoPower or participation in major U.S. nuclear deployment programs could be the catalyst to push the stock toward $20, though the company remains a high-risk startup with significant execution risks ahead.

The article analyzes four nuclear reactor stocks and their potential valuations by 2031. Oklo, NuScale Power, and Nano Nuclear Energy face significant execution risks with current stock prices appearing to price in substantial post-2031 growth. BWX Technologies, a more established supplier with existing revenue, carries less commercialization risk but trades at a premium valuation with limited upside room.