Overview
- NuScale confirmed its first commercial deployment with six small modular reactors planned at a former coal plant in Romania, with a final investment decision approved on Feb. 13 and commercial operations targeted for the early 2030s.
- Shares fell 7.18% for the week ended Feb. 25 after Fluor sold 71 million shares for $1.35 billion and signaled it plans to sell its remaining 40 million shares in the second quarter.
- Barclays cut its price target to $15 with an Equal Weight rating, and Cantor Fitzgerald lowered its target to $20 with an Overweight rating, citing share overhang, potential ATM-related pressure, and schedule concerns tied to RoPower.
- NuScale remains the only U.S. company with an NRC-certified SMR design, positioning its factory-built, incrementally scalable modules for round-the-clock power needs, including data centers.
- Questions about cost and timelines persist following the 2023 Idaho project cancellation, with modest recent revenue ($8.24 million in Q3) and a $4 billion market value underscoring the long path to material earnings despite a large theoretical market.