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NuScale Power's 2025 Rally Underscores SMR Lead as Commercial Builds Remain Years Away

Investor enthusiasm reflects rising power needs from artificial intelligence.

Overview

  • NuScale shares have more than tripled in 2025, with the stock up roughly 213% year to date.
  • The company holds the only U.S. Nuclear Regulatory Commission approval for a 77‑megawatt small modular reactor design.
  • No NuScale reactors are under construction or operating, keeping commercialization at an early stage.
  • ENTRA1 Energy says it selected NuScale technology for potential power to the Tennessee Valley Authority and planning continues in Romania, though neither arrangement is binding.
  • NuScale guides for meaningful SMR revenue around 2030 and notes customers must secure funding that can exceed $1 billion per installation.