How Investors Are Reacting To NuScale Power (SMR) Securing Largest U.S. SMR Deal With TVA

• Earlier in October 2025, Fluor Corporation announced the sale of 15 million Class A shares in NuScale Power, with plans to use most proceeds for its share repurchase program while maintaining a 39% equity interest.
• This move coincided with NuScale's partnership milestone to supply up to 6 gigawatts of small modular reactor capacity alongside ENTRA1 Energy and the Tennessee Valley Authority, marking the largest SMR project in U.S. history.
• We will explore how the largest SMR deployment agreement with TVA could influence NuScale's commercialization trajectory and investment outlook.

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NuScale Power Investment Narrative Recap

To be a NuScale Power shareholder, you need confidence in the company's ability to scale up its commercial SMR deployments amid heightened industry competition and a challenging customer acquisition process. The recent sale of shares by Fluor and the historic 6-gigawatt TVA agreement mark meaningful progress, but they do not remove the immediate risks around project execution and customer negotiations, which remain central to NuScale’s short-term prospects.

The September 2025 agreement with ENTRA1 Energy and TVA stands out as the most relevant announcement, representing a significant catalyst for NuScale by underpinning its commercialization efforts with the largest SMR capacity commitment in U.S. history. However, this momentum is balanced by ongoing concerns around the timing and finalization of customer agreements, which are critical for transforming projects into realized contracts and revenue.

Yet, despite this progress, investors should be aware of the ongoing challenges NuScale faces in converting interest from potential customers into binding power purchase agreements, and...

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

NuScale Power's narrative projects $402.3 million revenue and $42.2 million earnings by 2028. This requires 121.5% yearly revenue growth and a $178.8 million earnings increase from -$136.6 million.

Uncover how NuScale Power's forecasts yield a $41.69 fair value, a 6% upside to its current price.

Exploring Other Perspectives

With 14 individual fair value estimates from the Simply Wall St Community ranging from US$0.87 to US$41.69, market participants see NuScale’s outlook very differently. While many expect accelerated revenue growth, customer contract finalization will be the key driver to watch for sustained performance.

Explore 14 other fair value estimates on NuScale Power - why the stock might be worth less than half the current price!

Build Your Own NuScale Power Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your NuScale Power research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.
• Our free NuScale Power research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NuScale Power's overall financial health at a glance.

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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.

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