NuScale Power Shares Plunge Amid Revenue Collapse
NuScale Power shares fell nearly 55% in 2026 as the company faces severe revenue losses and seeks $750 million in new stock sales.
Shares of NuScale Power have declined nearly 55% throughout 2026, reflecting a broader downturn in the small modular reactor sector that saw peer Oklo fall 52%. The company is grappling with a severe revenue collapse, reporting between $75,000 and $100,000 for the quarter ended June 30, 2026, following the completion of engineering work for the RoPower project in Romania. This financial strain is further highlighted by an operating loss of $0.7 billion over the last twelve months.
To maintain liquidity and fund ongoing development, NuScale established a program in August to sell up to $750 million in new stock through an at-the-market offering, a move that has sparked investor concerns over dilution. On September 11, UBS downgraded the stock from neutral to sell and lowered the price target from $10 to $6, citing a lack of firm customer commitments and a build timeline exceeding five years.
Despite these challenges, the company maintains approximately $1.9 billion in cash and investments with minimal debt, providing over two years of financial runway. NuScale's primary milestone remains securing a signed commercial contract. Its partner, ENTRA1 Energy, holds a non-binding agreement with the Tennessee Valley Authority for up to 6 gigawatts of capacity and is currently negotiating a definitive power purchase agreement, though no firm timeline has been established.
