Overview

• NuScale remains the only SMR vendor with formal NRC approvals, including an upgraded 77 MWe design cleared in Q2 2025.
• The Tennessee Valley Authority agreement outlines potential deployment up to 6 GW, described as the largest U.S. SMR power commitment.
• Romania’s RoPower project is advancing with six NuScale modules planned for a 462 MW facility and long‑lead components already ordered.
• Q2 2025 results showed $8.1 million in revenue, a net loss of $0.13 per share, and $489.9 million in cash on June 30.
• RBC Capital initiated coverage at Sector Perform with a $35 target and a Speculative Risk tag as shares have climbed roughly 200%–300% over the past year.