NuScale Is Already Down 70%. Here's the Price I'd Actually Start Buying.
NuScale's $4 Billion Valuation Is Still Hard to Justify.
Overview
Shares of NuScale Power (NYSE: SMR) have fallen roughly 70% over the past year. Today, it trades around $9.70, making it look a lot more interesting relative to its 52-week high of $ 57.42. But I'm still not a buyer. Not until it gets closer to around $7 a share. Let me explain.
To be sure, NuScale has a lot going for it. Its 77-megawatt small modular reactor design received approval from the Nuclear Regulatory Commission in 2025, and the company has assembled a supply chain of more than 60 specialized partners. That's a big deal given what it takes to build a nuclear power company from scratch.
Details
Then there's the company's commercialization partner, ENTRA1 Energy, which is working with the Tennessee Valley Authority (TVA) on a potential deployment of up to 6 gigawatts of NuScale reactors. That could eventually involve 72 NuScale modules and would be one of the largest nuclear energy deployments in U.S. history.
Source
Originally published at www.fool.com.