NuScale Power (NYSE:SMR) Releases Earnings Results, Beats Estimates By $0.01 EPS

NuScale Power (NYSE:SMR) issued its quarterly earnings results on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01, FiscalAI reports. NuScale Power had a negative net margin of 6,817.00% and a negative return on equity of 13.17%. The firm had revenue of $0.28 million for the quarter, compared to the consensus estimate of $3.66 million. During the same quarter in the previous year, the company earned ($1.85) EPS. The company’s revenue for the quarter was down 96.6% on a year-over-year basis.

Here are the key takeaways from NuScale Power’s conference call:

• NuScale and Doosan Enerbility agreed to begin first-article production of a NuScale Power Module, moving the company from design preparation into physical manufacturing. Management says the work and its network of more than 60 suppliers can reduce deployment risk, though it expects component costs to be recovered through a future OEM agreement.
• NuScale ended the quarter with approximately $1.9 billion in liquidity, up from $916 million a year earlier, which management says is sufficient to fund manufacturing, engineering and licensing work. The company expects spending to remain measured, but said project activity could increase expenses as customer agreements advance.
• Third-quarter revenue fell to $0.3 million from $8.2 million a year earlier, as the prior-year period included RoPower engineering work that did not recur. The result underscores NuScale’s limited current revenue from project activity.
• The potential TVA opportunity remains contingent: management offered no timeline for a commercial agreement and clarified that a power purchase agreement would not itself constitute a module order; a separate OEM agreement would follow. ENTRA1 is still working to finalize project arrangements.
• Management described discussions with utilities, hyperscalers and industrial customers, including potential process-heat applications, and said NuScale is not solely reliant on data-center demand. These opportunities remain discussions rather than announced binding commitments.

NuScale Power Stock Performance

Shares of NuScale Power stock traded up $0.64 on Friday, reaching $5.01. 40,698,565 shares of the company’s stock were exchanged, compared to its average volume of 29,890,886. The company has a market capitalization of $2.15 billion, a P/E ratio of -4.24 and a beta of 2.42. NuScale Power has a 52 week low of $4.28 and a 52 week high of $32.09. The firm’s 50-day moving average is $7.44 and its two-hundred day moving average is $10.56.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SMR shares. Barclays cut shares of NuScale Power from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $11.00 to $5.00 in a research report on Tuesday, October 20th. Wedbush began coverage on shares of NuScale Power in a research report on Tuesday. They set an “underperform” rating and a $5.00 price target on the stock. Royal Bank Of Canada decreased their price target on NuScale Power from $7.00 to $5.00 and set a “sector perform” rating for the company in a report on Friday. Canaccord Genuity Group decreased their price target on NuScale Power from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday. Finally, Truist Financial lowered their price objective on NuScale Power from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.73.

Key Headlines Impacting NuScale Power

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: NuScale says it has begun moving from reactor development toward physical module manufacturing, working with Doosan Enerbility. The company cited about $1.9 billion in liquidity and its NRC-approved reactor design; securing commercial orders, including progress in negotiations with the Tennessee Valley Authority, remains important. SMR Q3 Earnings Call Highlights Shift to Module Manufacturing
• Positive Sentiment: SMR shares benefited from a rebound in nuclear stocks, while NuScale’s CEO said the company is not reliant on data-center demand. That may help ease concerns that its prospects depend on a single source of electricity demand. NuScale: We’re “Not Reliant on Data Centers”
• Neutral Sentiment: Analyst views diverged: Cantor Fitzgerald lowered its target to $15 but maintained an Overweight rating, while RBC cut its target to $5 and kept Sector Perform. Canaccord price-target report
• Negative Sentiment: Citigroup cut its price target from $4 to $3.50 and rated the stock Sell, adding to pressure from analysts reassessing the shares. Citigroup rating information
• Negative Sentiment: Third-quarter revenue was only $0.28 million, far below the $3.66 million analyst estimate and down 96.6% year over year. The $0.11-per-share loss was slightly better than the $0.12 consensus, but the revenue shortfall highlights the distance between manufacturing progress and meaningful sales. NuScale Power Reports Third Quarter 2026 Results

Insider Buying and Selling at NuScale Power

In related news, CFO Robert Hamady sold 20,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $7.89, for a total transaction of $157,800.00. Following the transaction, the chief financial officer owned 144,235 shares in the company, valued at $1,138,014.15. The trade was a 12.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shinji Fujino sold 20,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total transaction of $177,200.00. Following the transaction, the director directly owned 17,242 shares in the company, valued at approximately $152,764.12. This represents a 53.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,880 shares of company stock valued at $615,573 in the last quarter. 1.28% of the stock is currently owned by company insiders.

NuScale Power Company Profile

NuScale Power Corporation develops small modular reactor (SMR) technology for producing electricity and other forms of low-carbon energy. The company’s core product is the NuScale Power Module, a compact pressurized-water reactor designed to be manufactured in a factory, transported to a site and deployed in scalable configurations.

NuScale markets its technology through the VOYGR power plant platform, which can combine multiple reactor modules to meet the needs of utilities, industrial users and other customers.