NuScale Power
is emerging as a dominant force in the Small Modular Reactor (SMR) sector, thanks to a growing global emphasis on clean, reliable, and scalable energy solutions. This shift is fueled by increasing demands for sustainable energy sourcing, and NuScale is uniquely positioned as the only SMR technology that has received approval from the U.S. Nuclear Regulatory Commission (NRC).
In an exciting development during the second quarter of 2025, NuScale Power secured its second NRC approval for a 77-megawatt design. This significant milestone has further bolstered its competitive stance and is increasing interest from potential customers in the SMR market.
Another crucial factor in NuScale Power’s success is its partnership with ENTRA1, the company’s exclusive commercialization partner. ENTRA1 brings valuable expertise in developing, financing, and operating SMR-powered plants, which significantly lessens project risks. This collaboration makes NuScale’s technology more accessible to utilities, hyperscalers, and governmental bodies, allowing the company to effectively tap into the surging interest in SMRs. In the U.S., supportive regulatory changes and bipartisan backing are accelerating the adoption of advanced nuclear technologies.
On an international scale, NuScale Power’s collaboration with RoPower in Romania exemplifies its strategy for global expansion. This project aims to replace a decommissioned coal-fired plant with SMR technology, showcasing the flexibility and scalability of NuScale Power’s reactors. With a robust supply chain and a well-established manufacturing ecosystem, NuScale is well-equipped to meet the rising global demand for SMRs.
SMR Faces Stiff Competition
Despite NuScale’s advancements, the company confronts considerable competition within the nuclear energy field. Notable contenders like
GE Vernova and
BWX Technologies
are also positioning themselves as key players in the SMR arena.
GE Vernova is actively expanding its presence through the development of 300-megawatt small modular reactors. Recently, GE Vernova Hitachi Nuclear Energy (GVH) and Samsung C&T announced a partnership aimed at promoting the BWRX-300 SMR in global markets outside North America, with the potential installation of five units in Sweden. This collaborative effort will concentrate on creating supply chains and finding effective project delivery solutions for GVH’s SMR technology.
Meanwhile, BWX Technologies is solidifying its position in the SMR landscape by becoming a pivotal player in the development and implementation of advanced nuclear technologies. In an exciting partnership with Kairos Power, BWX Technologies is working to enhance the commercial production of TRISO nuclear fuel, combining its manufacturing expertise with Kairos Power’s innovative reactor fuel capabilities.
SMR’s Share Price Performance, Valuation and Estimates
This year, SMR shares have experienced a remarkable surge of 198%, far outpacing the Zacks Computer & Technology sector’s growth of 21.6%. This impressive performance has led to a premium trading status for SMR, with a trailing 12-month Price/Book ratio of 30.51X, contrasting sharply with the sector’s average of 11.15X.
SMR Stock’s Performance
At present, SMR stock is trading at a noticeable premium, reflecting a trailing 12-month Price/Book ratio of 30.51X, in stark contrast to the Computer & Technology sector’s 11.15X. Despite its growth, SMR carries a Value Score of F, indicating potential concerns about its valuation.
Price/Book
The Zacks Consensus Estimate for 2025 indicates anticipated losses of 46 cents per share, a figure that has not shifted in the past month. Comparatively, SMR reported earnings of 42 cents per share during the same quarter last year.
NuScale Power Corporation Price and Consensus
SMR currently holds a Zacks Rank of #3 (Hold). Interested investors can find a comprehensive list of today’s Zacks #1 Rank (Strong Buy) stocks elsewhere.
This article originally published on Zacks Investment Research (zacks.com).
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