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    NuScale Power (SMR) Is Down 14.6% After Rising Doubts Over SMR Timelines And Contract Visibility – Has The Bull Case Changed?

    Simply Wall St·07/18/2026 09:21:34
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    • In recent days, NuScale Power has come under pressure as investors reassessed the long development timelines, regulatory hurdles, and execution risks surrounding its small modular reactor projects, even as interest in nuclear power for energy-hungry AI data centers remains strong.
    • What stands out is the tension between NuScale’s advanced regulatory position and partnerships, including a planned 6-gigawatt project in the eastern United States, and mounting skepticism over whether it can convert these into timely, bankable power purchase agreements and commercially operating reactors.
    • Against this backdrop, we will now examine how heightened concerns about NuScale’s ability to deliver SMR projects on schedule affect its investment narrative.

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    NuScale Power Investment Narrative Recap

    To own NuScale Power, you need to believe that small modular reactors can move from promising designs and MOUs to executed, long term contracts and operating plants. The recent selloff and cautious analyst coverage focus attention on one key near term catalyst, a first major power purchase agreement, and one major risk, project delays and financing costs. So far, the news mainly reinforces those existing concerns rather than changing them.

    In this context, the planned 6 gigawatt ENTRA1 and TVA project in the eastern United States remains central, because it could eventually validate NuScale’s technology at scale if a power purchase agreement is signed by the end of 2026. At the same time, the new Truist “Hold” rating and US$10 price target highlight how investor enthusiasm for nuclear and AI driven demand is increasingly tempered by doubts about NuScale’s ability to turn that headline project into committed, bankable revenue.

    Yet behind the promise of a 6 gigawatt program, investors should be aware that...

    Read the full narrative on NuScale Power (it's free!)

    NuScale Power's narrative projects $389.8 million revenue and $42.8 million earnings by 2029.

    Uncover how NuScale Power's forecasts yield a $15.36 fair value, a 99% upside to its current price.

    Exploring Other Perspectives

    SMR 1-Year Stock Price Chart
    SMR 1-Year Stock Price Chart

    Before this selloff, the most optimistic analysts were assuming NuScale could lift annual revenue to about US$941.3 million with US$111.3 million in earnings, which is far more bullish than the current focus on execution risk around ENTRA1 and TVA. These higher forecasts show how widely views can differ, and how both the upbeat and cautious narratives may need to be revisited as new information emerges.

    Explore 21 other fair value estimates on NuScale Power - why the stock might be a potential multi-bagger!

    Form Your Own Verdict

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.