The Last U.S. Nuclear Boom Applied to Build 26 Reactors and Finished 2. NuScale Carries a $4 Billion Market Value on $10.7 Million of Sales.
Nuclear demand is surging again. The last time that happened, proposed reactors outnumbered finished ones 13 to 1.
Overview
NuScale Power (NYSE: SMR) is worth about $4.2 billion at today's stock price. Its revenue over the past 12 months totals about $10.7 million.
With a gap that wide, the market is paying for what the small modular reactor (SMR) developer might build (reactors for the utilities and artificial intelligence (AI) data-center operators now shopping for around-the-clock power), not for anything it sells today. That isn't automatically a mistake, of course. But the United States has run the new-reactor experiment before, recently, and the results are worth having in hand before paying for this one.
Image source: The Motley Fool.
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Originally published at www.fool.com.