NuScale Power Surges 19.43% Amid Strategic Partnerships
By ATTN Desk · Editorial oversight: Sean Han
NuScale Power Corporation (SMR)
1. Introduction
NuScale Power Corporation (ticker: SMR) is a publicly traded American company that specializes in small modular reactor (SMR) nuclear technology. It is listed on the New York Stock Exchange and develops factory-fabricated reactor modules designed to provide flexible, carbon-free baseload power.
2. Corporate Structure
- Headquarters: Corvallis, Oregon (U.S.)
- Founded: 2007
- Employee Count: 201–500 (LinkedIn)
- Additional Offices: Tigard, OR; Charlotte, NC; Rockville, MD
- Exchange: NYSE
- Major Shareholder: Samsung C&T Corporation reported beneficial ownership of 5,185,804 shares (3.8% of outstanding) as of March 31, 2025 (Schedule 13G/A filed May 14, 2025).
3. Recent Developments and News
Stock Performance (as of May 23, 2025)
| Metric | Value |
|---|---|
| Share Price | $30.24 |
| Daily Change | +19.43% |
| Volume | 48,870,367 |
| 52-Week Range | $6.61 – $32.30 |
| Market Capitalization | $4.03 billion |
Key Events
- May 12, 2025:
- Filed a Form 10-Q for the quarter ended March 31, 2025, outlining operational results and cash position.
- Issued a Form 8-K (Items 2.02 & 9.01) disclosing earnings highlights and corporate governance updates.
- May 14, 2025: Samsung C&T amended its Schedule 13G to report a 3.8% ownership stake.
- May 15, 2025: A group of global investors toured Doosan Enerbility’s South Korea manufacturing facility to inspect twelve NuScale Power Modules™ in production.
- May 16, 2025: CFO Ramsey Hamady spoke at the Samsung Global Investor Conference in Seoul regarding the NuScale–Doosan manufacturing partnership.
- July 25, 2024: RoPower Nuclear and Fluor Corporation signed the FEED 2 contract for a Romanian SMR project.
- August 29, 2024: Agreement signed with Nuclear Power Ghana for a 12-module plant, coinciding with the opening of an SMR simulator training center in January 2025.
4. Financial and Strategic Analysis
Key Financial Metrics (TTM and Q1 2025)
| Metric | Value |
|---|---|
| Revenue (TTM) | $49.04 million |
| Net Income (TTM) | –$134.06 million |
| Profit Margin | –273.36% |
| Return on Equity (TTM) | –100.49% |
| Total Cash (mrq) | $521.42 million |
| Levered Free Cash Flow (TTM) | –$57.45 million |
| Beta (5Y Monthly) | 1.63 |
- Liquidity & Funding: As per the Q1 2025 10-Q, cash reserves amount to $521 million, supporting ongoing research and development (R&D) and project development.
- Strategic Partnerships:
- ENTRA1 Energy: Exclusive partner for global commercialization of SMR deployments.
- Doosan Enerbility: Manufacturing alliance for NuScale Power Modules™.
- RoPower Nuclear: Front-End Engineering and Design (FEED) for a planned SMR plant in Romania.
- KGHM (Poland): Contract to construct an SMR by 2029, with a decision-in-principle submitted in April 2023.
- Technology Focus: Each 77 MWe module has received certification from the U.S. Nuclear Regulatory Commission (NRC), with the first approval granted in September 2020. A six-module US460 design is under NRC review, with the evaluation expected to conclude by July 2025.
5. Market Position and Industry Context
- SMR Market Size: The global SMR market is projected to reach $72.4 billion by 2033 (Reuters SMR & Advanced Reactor 2025).
- Competitive Landscape: Notable competitors include Babcock & Wilcox, GE Hitachi Nuclear Energy, Westinghouse Electric, Holtec, and X-Energy.
- Scalability: Each NuScale plant can incorporate up to 12 modules, resulting in a gross output of 924 MWe, allowing for gradual capacity additions.
- Use Cases:
- Long-term power purchase agreements for AI data centers
- Utilities seeking carbon-free baseload power
- Industrial applications, including hydrogen, ammonia production, and desalination
- Safety Profile: The “Triple Crown for Nuclear Plant Safety™” design enables passive shut down and indefinite self-cooling without reliance on external power or operator intervention.
tl;dr
As of May 23, 2025, NuScale’s stock is priced at $30.24 (+19.43%), influenced by engagements with investors and strengthened manufacturing ties with Doosan. Samsung C&T holds a 3.8% stake (as of March 31, 2025). The company reports $521 million in cash reserves (Q1 2025) for funding SMR deployments in collaboration with ENTRA1 Energy and global partners in Romania, Poland, and Ghana. The NRC review of its US460 six-module design is anticipated to finalize by July 2025, supporting a projected $72.4 billion market for SMRs through 2033.