NuScale Power recently inked an important contract, but it still has a lot of work to do before its energy- generating business is sustainable. NuScale Power (SMR -6.43%) announced a big deal in October 2023. It was the first order for its small-scale nuclear power plants. A total of 24 units are expected to be used to produce nearly 2 gigawatts of power in Ohio and Pennsylvania. That's great, but don't get too excited. NuScale Power's stock price is up nearly 200% over the past six months. The contract win ...

Company Overview - NuScale Power operates in the nuclear power sector, focusing on small modular reactors (SMRs) that are cost-effective and scalable, with the ability to operate up to 12 units simultaneously [1][2] - The company has obtained U S regulatory approval for its SMR technology, making it the only technology provider and producer of SMRs with such approval [4] - NuScale recently signed a deal to deliver up to 24 reactors for power projects in Ohio and Pennsylvania, marking a significant step forward [4] Financial Performance - NuScale ended Q1 2024 with approximately $130 million in cash on its balance sheet [5] - The company reported a quarterly loss of $16 5 million, driven by $13 1 million in R&D spending, $19 4 million in general and administrative costs, and $12 1 million in other costs [5] - NuScale is still in the development stage, with high costs expected to persist in the foreseeable future, and management acknowledges the likelihood of continued losses [5] Market Sentiment and Valuation - NuScale's stock has surged over 150% in the last three months, reflecting investor optimism about its potential [1][3] - Despite the rally, the company has yet to deliver a single operational nuclear power plant, making it largely a "story stock" at this stage [4][5] - The company's cash balance can only support about three quarters of spending at current levels, indicating a need for additional funding in the near future [5] Industry Context - Nuclear power is a clean energy source that provides consistent output without carbon dioxide emissions, making it a potential complement to variable renewable energy sources like solar and wind [1] - The high cost and image problems associated with large nuclear power plants have hindered widespread adoption, but NuScale's SMRs aim to address these challenges [2] Investment Considerations - NuScale's current valuation may be driven more by speculative optimism than concrete achievements, as the company has not yet proven its ability to deliver reactors at scale or profitably [4][5][7] - The company's long-term success depends on its ability to consistently and profitably produce nuclear power units, which may take years to demonstrate [5][7] - Aggressive investors may consider NuScale as a high-risk, high-reward opportunity, but the stock may still be too early for most investors to buy [1][7]

Investors love unprofitable nuclear power plant company NuScale Power. But I'd prefer to see it earn a profit before buying the stock. Last week was a great week to own nuclear fuel stocks like Cameco (CCJ 1.40%), as the Biden administration announced tenders to buy $3.4 billion worth of nuclear fuel for American atomic power plants. NuScale Power remains a company in start-up mode. While it often boasts it's "the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) n ...

Financial Data and Key Metrics Changes - NuScale reported cash and equivalents of $137.1 million, an increase from $125.4 million at the end of Q4 2023, with no debt [15] - Revenue for Q1 2024 was $1.4 million, down from $5.5 million in Q1 2023, while the net loss increased to $48.1 million from $35.6 million in the same period [15][25] - The company anticipates annualized cost savings of $50 million to $60 million starting in Q2 2024, with a projected cash burn rate of approximately $20 million per quarter [15][25] Business Line Data and Key Metrics Changes - The company is transitioning from an R&D-based model to commercial operations, which includes a one-time charge of $3.2 million related to cost reduction efforts [25] - NuScale has deployed six E2 centers, with four at U.S. universities and two internationally, to support its power plants [13] Market Data and Key Metrics Changes - The U.S. added 32 gigawatts of zero-emissions electricity generation in 2023, but still falls short of the 46 to 79 gigawatts needed to meet Paris Agreement targets [9] - Electricity demand from data centers globally is projected to exceed 1,000 terawatt hours by 2026, more than double the levels of 2022 [10] Company Strategy and Development Direction - NuScale aims to leverage its small modular reactor (SMR) technology to meet the growing demand for clean, reliable energy, particularly from data centers and AI companies [14][20] - The company has formed a strategic partnership with Inter One Energy to enhance its power plant development and ownership capabilities [12] - NuScale is focusing on maintaining competitive advantages in technology, safety, and regulatory success to support its growth in the energy sector [14] Management's Comments on Operating Environment and Future Outlook - Management highlighted the urgency for clean energy solutions driven by the electrification of various sectors, including transportation and technology [18] - The company is optimistic about the market, noting significant interest from hyperscale data center companies and the need for immediate energy solutions [28][45] - Management emphasized that nuclear energy is a critical component of the global energy transition, providing a reliable and sustainable energy source [14][69] Other Important Information - NuScale's standard design approval application for a 77-megawatt design was accepted for review by the U.S. Nuclear Regulatory Commission, with a conclusion expected by July 2025 [13] - The company is actively working on the RoPower project in Romania, with planning for Phase 2 engineering design work ongoing [23][66] Q&A Session Summary Question: What is the timeline for orders from hyperscale data center companies? - Management indicated that there is significant momentum in discussions with hyperscale data center companies, with an immediate demand for energy solutions [54][55] Question: Are there any implications from restrictions on Russian uranium imports? - Management confirmed that there are no implications for NuScale, as the company uses conventional fuel manufactured in the U.S. [30] Question: How many commercial operations are expected before the end of the decade? - Management stated that the capacity to execute is crucial, and they are currently focused on securing long-term power purchase agreements [33] Question: What is the status of the sales and marketing agreement with Inter One? - Management noted that the agreement is for development purposes and is part of a broader strategy to create bankable projects [35][36] Question: What is the cash burn outlook for the second quarter? - Management projected that cash use in the second quarter should be around $20 million, factoring in the anticipated cost savings [37]

NuScale Power Corporation (SMR) came out with a quarterly loss of $0.21 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.22 per share when it actually produced a loss of $0.25, delivering a surprise of -13.64%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.NuScale Power, which belong ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 8-K __________________________________ NuScale Power Corporation (Exact name of registrant as specified in its charter) 12725 SW 66th Avenue, Suite 107 Portland, OR 97223 (971) 371-1592 (Registrant's telephone number, including area code) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 9, 2024 Delaware 001- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ______________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ____________ Commission file number 001-04321 NUSCALE POWER CORPORATION Delaware 98-1588588 (State or other jurisdicti ...

NuScale Power Corporation (SMR) is scheduled to report first-quarter 2024 results on May 9.The Zacks Consensus Estimate is pegged at a loss of 21 cents per share. In the last reported quarter, it incurred a loss of 16 cents. The Zacks Consensus Estimate for revenues is pegged at 3.15 million, suggesting a decline of 42.8% from the prior-year quarter’s levels.Based in Portland, OR, NuScale specializes in providing innovative advanced nuclear small modular reactor (“SMR”) technology.In the past year, shares o ...

Monty Rakusen/DigitalVision via Getty Images Founded in 2007, NuScale Power (NYSE:SMR) is a US-based company that designs and develops small and modular nuclear reactors. Since going public in 2022 at a price of $10, all-time share performance has been underwhelming overall. However, SMR appears to have gained some momentum as of late. The stock still traded around $3 price level at the beginning of the year. But it trended upwards and rebounded to its debut day price level of $10 in March, a few days after ...

NuScale Power (SMR -25.60%) shrugged off the report of a money-losing fourth quarter last week, but it can't quite shake the effects of a Wall Street sell rating. After Wells Fargo downgraded the stock to underweight yesterday, NuScale shares lost 35% -- and they're losing another 23% through 11 a.m. ET on Wednesday.NuScale's (very) recent ups and downsThe producer of small modular nuclear reactors reported horrible earnings last week: Quarterly sales nearly doubled, but quarterly losses were twice as bad a ...