Will GE Vernova crush NuScale's nuclear dreams?NuScale Power Corporation (SMR -3.85%) stock fell 3% through 11:25 a.m. ET -- and it has General Electric to blame for it.NuScale develops small modular nuclear reactors designed to be cheaper and faster to build than traditional nuclear power plants. And as it's fond of pointing out, NuScale is "the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission." But leaders aren't necessarily winners, and as CNBC reports this mornin ...

NuScale Power (SMR 9.61%) stock is unstoppable -- it surged 28% this week to an all-time high of $29.52 per share at its highest point in trading through Friday noon, according to data provided by S&P Global Market Intelligence.The nuclear energy stock is now up a whopping 50% in November, after rallying 65% in October. Why is NuScale Power stock soaring higher and higher?Could nuclear energy win under Trump?Investors in NuScale Power are betting big on the company's potential growth as the U.S. continues t ...

Shares of NuScale Power (SMR 9.78%) skyrocketed on Wednesday, surging 14.8% as of 1:20 p.m. ET. to a 52-week high of $26.67 a share. With today's rally, the nuclear energy stock is now up a whopping 38.6% so far this month after clocking a massive 65% gain in October.Investors believe the latest announcement from the White House will propel NuScale Power to new heights.Nuclear energy is back in focusThe White House announced a roadmap yesterday to boost the nuclear energy industry, with plans to "at least" ...

Shares of NuScale Power (SMR -1.06%), a developmental-stage maker of small modular reactors, initially popped this morning on an announcement from the White House on expanding nuclear energy production.While the stock jumped as much as 13% in morning trading, it gave back those gains amid a broader pullback in small-cap stocks in a sign that the boom from Trump's election was fading.As a result, the stock closed down 1.1% while the Russell 2000 fell 1.8%, with the small-cap index giving back all of yesterda ...

Core Message - SAIHEAT Limited announces the integration of HEATNUC, an advanced Small Modular Reactor (SMR) system designed to power AI computing centers, addressing the unique energy demands of AI-driven infrastructure [1] HEATNUC Overview - HEATNUC is a modular, integrated SMR system that provides stable, high-capacity, and clean energy for AI computing centers, leveraging nuclear power and innovative technology to reduce licensing and verification time and costs [2] - The system features closed-loop recycling of waste heat from nuclear and AI computing, enhancing energy efficiency and enabling deployment in remote and harsh environments [2] - HEATNUC is designed to be cost-effective, reliable, and sustainable, meeting the long-term power needs of AI computing centers with zero-carbon operations [3] Key Advantages of HEATNUC - **Environmental Compliance**: Zero emissions, zero pollution, and full carbon-neutral operations [4] - **Efficient Construction**: Prefabricated, modular, and plug-and-play design allows for easy installation and decommissioning [4] - **Low-Operational Demands**: Intelligent monitoring and diagnostic systems minimize staffing needs and enhance safety through proactive accident prevention [4] - **Sustainable Energy Recycling**: Combines nuclear energy with recovered waste heat and storage solutions to maximize energy utilization [4] - **Cost Reduction**: Shortened verification and licensing periods, reduced construction cycles, and minimized operational costs contribute to significant savings [4] - **Open Source**: SAIHEAT provides open-source designs and resources to reduce electricity costs for data centers and promote clean energy adoption [4] Deployment and Impact - HEATNUC's deployment will enable AI computing centers worldwide to meet increasing energy demands sustainably, with compatibility in remote and challenging environments [5] - The technology supports global zero-carbon and intelligent energy goals, revolutionizing AI energy strategies [5] About HEATNUC - HEATNUC is SAIHEAT's power module, focusing on Gen III+ PWR and Gen IV SFR and HTGR technologies for AI center energy solutions [6] - The reactor features self-driven accident prevention mechanisms and an intelligent defense-in-depth safety approach, making it one of the safest SMR options available [6] About SAIHEAT - SAIHEAT Limited provides integrated energy services for next-generation data centers, including the thermal module HEATWIT for data center liquid cooling and heat recycling, and the power module HEATNUC for modular nuclear power development [7] - The company became publicly traded on Nasdaq in May 2022 through a merger with TradeUP Global Corporation [8]

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 September 30, 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 CORPORAT ...

The nuclear stock rose following its earnings report.Shares of NuScale Power (SMR 8.91%) were moving higher today after the development-stage maker of small modular reactors reported third-quarter results last night.While the numbers weren't the focus, management commentary on its progress seemed to please investors.As a result, the stock was up 4.3% as of 1:42 p.m. ET after being up as much as 19.2% earlier in the session. NuScale takes some more baby stepsNuscale reported revenue of $475,000 in the quarte ...

The red-hot nuclear energy stock has made investors filthy rich this year, but how far can it go?NuScale Power (SMR 10.26%) stock continues to stun investors. It rocketed 65.3% in October, according to data provided by S&P Global Market Intelligence. Thanks to last month's rally and investors' excitement spilling over to this month so far, the nuclear energy stock is up a staggering 550%-plus in 2024, as of this writing.It took only a couple of non-company-specific events in October to send NuScale Power st ...

Financial Data and Key Metrics Changes - NuScale's cash position improved to $161.7 million, with no debt and $5.1 million restricted [36] - Revenue for Q3 2024 was $0.5 million, down from $7 million in Q3 2023, while net loss decreased to $45.5 million from $58.3 million [37] - Operating expenses were reduced to $41.2 million from $93.9 million year-over-year, reflecting cost reduction efforts [38] Business Line Data and Key Metrics Changes - The company reported an operating loss of $41 million, significantly improved from $92.9 million in the previous year [38] - A $20 million customer deposit was announced, related to the RoPower project, indicating progress in pre-engineering services and technology licensing [54] Market Data and Key Metrics Changes - The demand for carbon-free energy is accelerating, particularly driven by data centers, which are expected to increase their power consumption significantly by 2030 [9][8] - Major tech companies are increasingly seeking nuclear energy solutions, with commitments to carbon-free energy [11][12] Company Strategy and Development Direction - NuScale aims to lead in the small modular reactor (SMR) market, emphasizing the importance of nuclear energy in the clean energy transition [24][26] - The company is focused on maintaining a competitive edge through advanced technology, safety, and manufacturing readiness [34][30] Management's Comments on Operating Environment and Future Outlook - Management highlighted the critical role of nuclear technology in meeting the growing energy demands of data centers and supporting sustainability goals [33][72] - The company is optimistic about the future, expecting increased interest from hyperscalers and other potential customers for SMR technology [15][23] Other Important Information - NuScale is the only U.S. NRC approved technology with reactors in production, positioning it uniquely in the market [14][30] - The company is actively engaging with various sectors, including oil and gas, for potential energy solutions [18] Q&A Session Summary Question: Thoughts on FERC rejection of Talen in the Amazon Data Center - Management believes the FERC decision will not hinder market progress and highlights the need for SMRs as a solution for incremental power [41][42] Question: Importance of uprate progress for Part 52 approval - Management confirmed that the uprate approval is on track for mid-2025 and is crucial for scaling up to meet customer demands [45][46] Question: Involvement in recent announcements by tech companies - Management noted that while they are in discussions with major tech companies, the nature of those discussions differs from other market announcements [51][53] Question: Customer deposit related to RoPower - The $20 million deposit is linked to progress on the RoPower project, indicating advancement in pre-engineering services [54] Question: Fuel flexibility for higher power output - Management stated that while higher enrichment fuel could technically be used, the current design does not necessitate it [57][58] Question: Department of Energy $800 million light water reactor program - Management clarified that a competitive process is required to partner with the DOE for the program [61] Question: Natural gas development in light of data center power needs - Management acknowledged that while natural gas remains an option, the long-term commitments to decarbonization by tech companies favor nuclear solutions [63] Question: Approval timelines for the 12 module design - Management indicated that the upgrade approval will apply to both six and twelve module designs, with site-specific licensing to follow [66][67]

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC. Forward-Looking Statements This presentation may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," "anticipates," "plans" or other similar expressions). These forward-looking statements include statements relating to ...