Core Insights - NuScale Power and BWX Technologies are key players in the nuclear energy sector, with NuScale focusing on small modular reactors and BWX supplying nuclear components and fuel to the U.S. government [1][2] Market Overview - The global small modular reactor market was valued at $5.96 billion in 2025 and is projected to reach $8.77 billion by 2034, growing at a CAGR of approximately 4.59% [2] Company Analysis: NuScale Power - NuScale Power is the only small modular reactor vendor with U.S. Nuclear Regulatory Commission design approval, providing a competitive edge [4] - The company has a significant project with ENTRA1 and Tennessee Valley Authority, planning 6 GW across multiple plants, with 12 modules already in production [5] - However, NuScale's revenues are currently low at $8.2 million for Q3 2025, and it faces substantial milestone payments and long project timelines, with meaningful revenues expected only after 2030 [6][7] Company Analysis: BWX Technologies - BWX Technologies has expanded its backlog to $7.4 billion, a 119% increase year-over-year, indicating strong demand for its nuclear products [8] - The company secured major contracts worth $1.5 billion and $1.6 billion for defense-related projects, contributing to steady multi-year revenues [9] - BWXT's revenues grew 29% year-over-year to $866 million in Q3 2025, with a 10% increase in government operations revenue [10] Earnings Estimates Comparison - NuScale Power's 2026 earnings estimate is a loss of $0.62 per share, improving from a projected loss of $2.23 per share in 2025 [13] - In contrast, BWX Technologies' 2026 earnings estimate is $4.26 per share, up from $3.81 per share in 2025, indicating a strong growth outlook [15] Stock Performance and Valuation - Over the past six months, NuScale Power shares have decreased by 59.1%, while BWX Technologies shares have increased by 17.2% [16] - NuScale Power trades at a forward sales multiple of 25.8X, significantly higher than BWX Technologies' 4.96X, making BWXT more attractive for value-seeking investors [17] Conclusion - Both companies are positioned to benefit from the nuclear energy sector's growth, but BWX Technologies shows stronger earnings potential, established contracts, and a more favorable valuation, making it a better investment choice at this time [18][19]

Core Viewpoint - NuScale Power, a small modular reactor company, has seen its stock decline 70% from its peak of $57 per share, currently trading at $14.29, amidst significant volatility in the nuclear energy sector [1][3]. Company Overview - NuScale Power is in the early stages of establishing its business and operating model, which is expected to lead to substantial price fluctuations in the coming years [2]. - The company has a market capitalization of $4.0 billion and a gross margin of 64.95% [3]. Key Projects and Partnerships - The RoPower project in Romania is NuScale's only active major project, aiming to deploy six NuScale Power Modules, contingent on the successful testing of a 77MW reactor [5]. - The Final Investment Decision (FID) for the RoPower project has been approved, but the operational timeline has been pushed back to at least July 2033 from the original 2030 target [6]. - NuScale has a non-binding MOU with the Tennessee Valley Authority (TVA) to develop up to 6 gigawatts (GW) of capacity, which has incurred significant financial liabilities, including a $495 million expense in Q3 [7]. Manufacturing and Supply Chain Challenges - The company needs to establish a manufacturing supply chain to produce its Power Modules at scale, which will require substantial capital investment [9]. - Management has indicated that total payments for large projects could exceed billions of dollars before operations commence [9]. Competitive Landscape - NuScale faces competition from both emerging companies like Oklo, which uses liquid-metal cooling and recycled nuclear fuel, and established players like GE Vernova, which has a more advanced project with TVA [10]. - The company must secure firm commitments for its technology and will take several years to reach commercial operations, making it a risky investment at this stage [11].

Core Insights - NuScale Power is focused on developing small modular reactors (SMRs) that can be manufactured in factories and combined to produce larger power outputs, with a current emphasis on serving data centers [1][3] - The company is the only U.S. firm with an NRC-approved SMR design, positioning it uniquely in the market for nuclear energy solutions for artificial intelligence and data centers [3] - Despite its innovative technology, NuScale has not yet deployed an SMR commercially and is currently facing financial challenges, including cash burn and losses [4][6] Financial Overview - NuScale Power has a market capitalization of approximately $4.5 billion, significantly higher than its trailing-12-month revenue of about $64 million, resulting in a price-to-sales ratio exceeding 70, indicating a high valuation [6][7] - The stock price is currently around $14.29, with a day’s trading range between $13.66 and $14.77, and a 52-week range from $11.08 to $57.42 [7] Investment Considerations - A $500 investment in NuScale is suggested for investors who can handle volatility, as the company has potential for long-term growth in meeting increasing electricity demands, but it must demonstrate the ability to convert its designs into operational projects [7][8] - For those interested in nuclear energy but seeking diversified exposure, investing in a nuclear energy exchange-traded fund (ETF) may be a more prudent option [8]

Core Insights - NuScale Power Corporation is collaborating with Oak Ridge National Laboratory (ORNL) to utilize an AI-enabled nuclear design framework for optimizing nuclear fuel management across multiple reactors at a single site [1][2] - The collaboration is supported by the U.S. Department of Energy's Gateway for Accelerated Innovation in Nuclear (GAIN) initiative, which provides technical, regulatory, and financial support for advancing nuclear technology [1][2] - The partnership aims to explore options for reducing fuel costs and enhancing fuel efficiency by sharing fuel across up to 12 NuScale Power Modules (NPMs) [1][2] Company Overview - NuScale Power, founded in 2007, is a leading provider of advanced small modular reactor (SMR) technology, aiming to deliver safe, scalable, and reliable carbon-free energy [1] - The NuScale Power Module™ can generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs with configurations up to 924 MWe [1] - NuScale is the first and only SMR to have its designs certified by the U.S. Nuclear Regulatory Commission, positioning the company to serve diverse customers globally [1] Research and Development - The collaboration with ORNL will leverage AI and machine learning to improve fuel management strategies, potentially leading to significant cost reductions [1] - The study will focus on optimizing fuel management methods that are already established for single reactors, but will apply them to a multi-module architecture [1] - By utilizing a shared fuel pool, NuScale aims to enhance overall plant fuel efficiencies beyond traditional single reactor plants [1]

Core Insights - The United States aims to significantly expand its nuclear energy capabilities, targeting a quadrupling of nuclear energy capacity by 2050 and plans to have 10 large reactors under construction by 2030 [1][2] - The U.S. government is increasing funding for nuclear energy, with $3.1 billion allocated for small modular reactors (SMRs) and advanced reactor demonstration programs [1][5] - NuScale Power is positioned as a key player in the SMR market, being the only company with an NRC standard design approval, which enhances its competitiveness for federal funding [6][7] Funding and Government Support - The U.S. government allocated $800 million last year for Generation III+ light water SMRs, with funding awarded to first movers like Tennessee Valley Authority (TVA) and Holtec, although NuScale was not selected [3] - TVA is advancing with GE Vernova's Hitachi BWRX-300 and has signed an agreement to develop up to six gigawatts of nuclear power using NuScale's power modules [4] Market Position and Opportunities - The substantial government investment indicates a bullish outlook for the nuclear industry, which is expected to benefit SMR companies like NuScale Power [7] - The advanced reactor demonstration program aims to transition reactors from theoretical concepts to operational performance, which includes various reactor types such as SMRs [5]

Core Viewpoint - NuScale Power's stock has experienced a significant decline following a downgrade by TD Cowen analyst Marc Bianchi, who shifted the rating from buy to hold due to anticipated negative catalysts affecting the stock [1][4]. Group 1: Stock Performance - NuScale Power's shares fell by 9.3% as of 11:45 a.m. ET on Wednesday [1]. - The stock has already seen a 36% decline over the past year, indicating ongoing investor concerns [1]. Group 2: Project Developments - Nuclearelectrica is expected to make a Final Investment Decision (FID) on its Doicesti Romanian small modular reactor (SMR) project this week, with Bianchi predicting that the project will proceed but with increased risk shifted to NuScale and a potential delay in completion to 2033 or 2034 [2]. - The original completion date was anticipated to be no later than 2030, making this a significant setback for NuScale [2]. Group 3: Market Implications - Bianchi suggests that other nuclear utilities are observing the Doicesti project as a test case for NuScale's commercial viability, which could influence their future decisions [3]. - Delays in the Doicesti project could have cascading effects on the timelines for NuScale's other customers, potentially pushing back the company's expected profitability, which analysts had projected for 2030 [4].

Core Viewpoint - NuScale Power is focused on developing small modular reactors (SMRs) for power generation, facing significant competition and valuation concerns in the market [1][2][4]. Company Overview - NuScale Power is developing small modular reactors (SMRs) that are designed to be more efficient and flexible than traditional nuclear power plants [1]. - The company plans to develop up to 6 gigawatts of SMR capacity but faces challenges such as securing power purchase agreements and licensing [4][6]. Financial Performance - NuScale's stock was downgraded to "Hold" by Cowen & Co. at a price of $16.75, reflecting concerns about its valuation [2]. - The company's price-to-sales (P/S) ratio is 33.46, significantly higher than the industry average of 8.39, indicating potential overvaluation [2][6]. - Over the past six months, NuScale's shares have dropped by 54.1%, underperforming its peers [3][6]. - The stock is currently priced at $16.75, with a market cap of approximately $4.99 billion and a trading volume of 14,086,954 shares [5]. Competitive Landscape - NuScale faces stiff competition from companies like BWX Technologies, Constellation Energy, and GE Vernova, which have lower P/S multiples of 4.89, 3.48, and 4.66, respectively [4][6].

Core Insights - Tradr ETFs has launched two new leveraged short ETFs targeting Bloom Energy and Nuscale Power, aiming to deliver -200% of the daily performance of these stocks [1] - The new ETFs are designed for sophisticated investors and professional traders, providing tools to express high conviction views in volatile markets [1] Product Launch - The newly launched ETFs are: - Tradr 2X Short SMR Daily ETF (Cboe: SMZ) tracking Nuscale Power Corp. (NYSE: SMR) - Tradr 2X Short BE Daily ETF (Cboe: BEZ) tracking Bloom Energy Corp. (NYSE: BE) [1] - These ETFs are first-to-market strategies, complementing existing long strategies on the same stocks [1] Market Context - Tradr ETFs currently manages over $2 billion in assets across 64 leveraged ETFs, indicating strong market presence and investor interest [1] - The firm emphasizes the volatility of the underlying stocks, suggesting that these inverse strategies provide traders with additional tools to manage risk and capitalize on market movements [1] Investor Accessibility - Tradr's ETFs can be accessed through most brokerage platforms, simplifying the investment process by avoiding margin and options trading complexities [1] - The firm aims to enhance the trading capabilities of sophisticated investors by offering innovative tools for precise market expression [1]

Group 1 - Tradr ETFs has launched two new leveraged short ETFs on single stocks, specifically targeting Bloom Energy and Nuscale Power, which are designed to deliver -200% of the daily performance of these stocks [1] - The new ETFs are first-to-market strategies and are expected to open for trading, with a combined asset value of $150 million [1] - The head of product and capital markets at Tradr ETFs noted that the long strategies on Bloom Energy and Nuscale have been well-received by traders, indicating a strong interest in these volatile stocks [1] Group 2 - The leveraged short ETFs provide traders with a tool to express a high conviction view when market momentum is stretched or valuations are perceived as too high [1] - The ETFs are listed on Cboe and are specifically the Tradr 2X Short BE Daily ETF tracking Bloom Energy and the Tradr 2X Short SMR Daily ETF tracking Nuscale Power [3]

Core Viewpoint - NuScale Power (SMR) is currently overvalued with a high price-to-sales (P/S) ratio compared to its industry peers, raising concerns about its ability to justify such valuations amid near-term challenges [1][4]. Valuation Comparison - NuScale Power's forward 12-month P/S ratio is 33.46X, significantly higher than the Zacks Electronics-Power Generation industry's ratio of 8.39X [1]. - Compared to peers, BWX Technologies, Constellation Energy, and GE Vernova have P/S multiples of 4.89X, 3.48X, and 4.66X, respectively [2]. Expansion Plans and Risks - NuScale Power plans to support up to 6 gigawatts (GW) of new nuclear capacity through partnerships with ENTRA1 and the Tennessee Valley Authority (TVA), involving about 72 small modular reactor modules [5]. - The first plant is expected to begin delivering power around 2030, but the company faces execution risks related to site selection, engineering work, and finalizing power purchase agreements (PPAs) [6]. Financial Performance and Market Sentiment - The company reported revenues of $8.2 million for the third quarter of 2025, while total payments to ENTRA1 could reach several billion dollars before any equipment orders are received [9]. - NuScale Power's stock has declined 54.1% over the past six months, underperforming the industry's decline of 50% [10][8]. Competitive Landscape - NuScale Power faces stiff competition in the nuclear energy sector from companies like Constellation Energy, BWX Technologies, and GE Vernova, which are advancing their own projects and technologies [14]. Technical Indicators - NuScale Power shares have dipped below their 50-day and 200-day moving averages, indicating a bearish trend and potential for continued downward pressure [18]. Conclusion - Given the stretched valuation, execution risks, and competitive pressures, a cautious approach to NuScale Power stock is warranted [21].