NuScale Power (SMR) Is Up 5.9% After TVA-linked 6GW Pathway and Fluor Exit Plan News

• NuScale Power’s small modular reactor ambitions gained traction recently as partner ENTRA1 Energy secured an agreement to deploy up to 6 gigawatts of nuclear capacity with the Tennessee Valley Authority across seven U.S. states, even as Fluor signalled plans to exit its NuScale stake in 2026.
• This combination of a large-scale deployment pathway and a future shift in the shareholder base highlights both growing commercial interest and evolving ownership risks for NuScale’s still‑unproven reactor technology.
• Next, we’ll examine how the TVA-linked 6‑gigawatt pathway and broader SMR interest could reshape NuScale Power’s investment narrative.

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NuScale Power Investment Narrative Recap

To own NuScale, you have to believe its small modular reactors will move from engineering projects to real, contracted power plants before funding and dilution risks bite too hard. The ENTRA1 TVA pathway points to a potential anchor customer, but Fluor’s planned 2026 exit and recent earnings volatility suggest the key near term catalyst remains firm project commitments, while the biggest risk is still execution and financing rather than this specific ownership change.

Against that backdrop, NuScale’s plan to seek authorization to increase Class A shares to 662,000,000 and its series of at the market equity offerings tie directly into the funding side of the story, especially as commercialization timelines stretch and capital needs rise. For investors watching the TVA 6 gigawatt opportunity and broader SMR interest, this combination of potential dilution and project scale makes the path from technology to cash flow particularly important to understand.

Yet even with the TVA pathway, investors should be aware that NuScale’s dependence on ENTRA1 project success and timing could...

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 today.

Uncover how NuScale Power's forecasts yield a $38.35 fair value, a 80% upside to its current price.

Exploring Other Perspectives

Twelve fair value estimates from the Simply Wall St Community span roughly US$1 to US$38 per share, showing just how far apart investors can be. When you set that against NuScale’s heavy reliance on ENTRA1 led projects for future revenues, it underlines why many readers will want to explore several alternative views before forming their own stance.

Explore 12 other fair value estimates on NuScale Power - why the stock might be worth as much as 80% more than 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 3 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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