NuScale Power Stock Faces Pressure Amid Financial Strains and Competitive Challenges
NuScale Power (SMR), a developer of small modular reactors, has seen its stock fall nearly 55% in 2026 as investors grow impatient with the company's slow progress. In September alone, shares dropped by 14.8%, driven by analyst downgrades and concerns over cash burn and competition from other SMR firms like Westinghouse and Rolls-Royce. UBS analyst Jon Windham downgraded NuScale to 'sell' in early September with a reduced price target of $6 per share, citing the company's lack of firm customer commitments and long build timelines. The downgrade came after a brief rally on Sept 8 that saw shares rise by 15%. However, this optimism faded quickly as financial pressures became evident. NuScale reported second-quarter revenue collapsing to just $75,000 due to the completion of its only licensing project so far and incurred a $65 million operational loss. The company has resorted to issuing new stock for liquidity, including an August program allowing up to $750 million in additional equity sales.
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Topics: analyst_downgrade cash burn nuclear energy NuScale Power SMR (Small Modular Reactors)