NuScale Power (NYSE:SMR) Posts Earnings Results, Beats Expectations By $0.01 EPS

NuScale Power (NYSE:SMR) released its earnings results on Thursday. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01, FiscalAI reports. NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The company had revenue of $0.28 million for the quarter, compared to analyst estimates of $3.66 million. During the same quarter last year, the firm earned ($1.85) EPS. The firm’s quarterly revenue was down 96.6% compared to the same quarter last year.

Here are the key takeaways from NuScale Power’s conference call:

• NuScale and Doosan Enerbility agreed to begin first-article production of a NuScale Power Module, moving the company from design preparation into physical manufacturing. Management says the work and its network of more than 60 suppliers can reduce deployment risk, though it expects component costs to be recovered through a future OEM agreement.
• NuScale ended the quarter with approximately $1.9 billion in liquidity, up from $916 million a year earlier, which management says is sufficient to fund manufacturing, engineering and licensing work. The company expects spending to remain measured, but said project activity could increase expenses as customer agreements advance.
• Third-quarter revenue fell to $0.3 million from $8.2 million a year earlier, as the prior-year period included RoPower engineering work that did not recur. The result underscores NuScale’s limited current revenue from project activity.
• The potential TVA opportunity remains contingent: management offered no timeline for a commercial agreement and clarified that a power purchase agreement would not itself constitute a module order; a separate OEM agreement would follow. ENTRA1 is still working to finalize project arrangements.
• Management described discussions with utilities, hyperscalers and industrial customers, including potential process-heat applications, and said NuScale is not solely reliant on data-center demand. These opportunities remain discussions rather than announced binding commitments.

NuScale Power Price Performance

SMR traded up $0.64 during trading on Friday, hitting $5.01. 40,698,565 shares of the stock traded hands, compared to its average volume of 31,305,372. The firm has a market capitalization of $2.15 billion, a P/E ratio of -4.24 and a beta of 2.42. The firm has a 50-day moving average of $7.44 and a 200 day moving average of $10.56. NuScale Power has a 12-month low of $4.28 and a 12-month high of $32.09.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Northland Securities set a $16.00 price target on shares of NuScale Power in a research note on Thursday, August 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $4.00 price objective on shares of NuScale Power in a report on Friday. Barclays downgraded NuScale Power from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $11.00 to $5.00 in a report on Tuesday, October 20th. Wedbush assumed coverage on NuScale Power in a research note on Tuesday. They issued an “underperform” rating and a $5.00 target price for the company. Finally, Canaccord Genuity Group dropped their target price on NuScale Power from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, NuScale Power currently has a consensus rating of “Hold” and an average price target of $8.73.

Key Stories Impacting NuScale Power

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: NuScale says it has begun moving from reactor development toward physical module manufacturing, working with Doosan Enerbility. The company cited about $1.9 billion in liquidity and its NRC-approved reactor design; securing commercial orders, including progress in negotiations with the Tennessee Valley Authority, remains important. SMR Q3 Earnings Call Highlights Shift to Module Manufacturing
• Positive Sentiment: SMR shares benefited from a rebound in nuclear stocks, while NuScale’s CEO said the company is not reliant on data-center demand. That may help ease concerns that its prospects depend on a single source of electricity demand. NuScale: We’re “Not Reliant on Data Centers”
• Neutral Sentiment: Analyst views diverged: Cantor Fitzgerald lowered its target to $15 but maintained an Overweight rating, while RBC cut its target to $5 and kept Sector Perform. Canaccord price-target report
• Negative Sentiment: Citigroup cut its price target from $4 to $3.50 and rated the stock Sell, adding to pressure from analysts reassessing the shares. Citigroup rating information
• Negative Sentiment: Third-quarter revenue was only $0.28 million, far below the $3.66 million analyst estimate and down 96.6% year over year. The $0.11-per-share loss was slightly better than the $0.12 consensus, but the revenue shortfall highlights the distance between manufacturing progress and meaningful sales. NuScale Power Reports Third Quarter 2026 Results

Insiders Place Their Bets

In other news, Director Shinji Fujino sold 20,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total transaction of $177,200.00. Following the completion of the sale, the director directly owned 17,242 shares in the company, valued at approximately $152,764.12. This represents a 53.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert Hamady sold 20,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $7.89, for a total transaction of $157,800.00. Following the sale, the chief financial officer owned 144,235 shares of the company’s stock, valued at approximately $1,138,014.15. This represents a 12.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 69,880 shares of company stock worth $615,573. Insiders own 1.28% of the company’s stock.

About NuScale Power

NuScale Power Corporation develops small modular reactor (SMR) technology for producing electricity and other forms of low-carbon energy. The company’s core product is the NuScale Power Module, a compact pressurized-water reactor designed to be manufactured in a factory, transported to a site and deployed in scalable configurations.

NuScale markets its technology through the VOYGR power plant platform, which can combine multiple reactor modules to meet the needs of utilities, industrial users and other customers.