NuScale Power’s Surprising Rebound Has Traders Taking Notice

NuScale Power ( (SMR) ) has risen by 12.64%. Read on to learn why.

NuScale Power shares have staged a notable rebound, climbing 12.64% over the past week after a bruising stretch marked by sharp losses and rising investor anxiety. The move higher comes even as the nuclear small modular reactor (SMR) specialist remains under pressure from a deepening net loss and ongoing concerns about when, or if, the business will turn profitable. Earlier in the year, the stock had been hit hard as NuScale’s GAAP loss ballooned due largely to a one‑time, $495 million charge tied to its ENTRA1 agreement, overshadowing rapid revenue growth from projects such as services provided to Romanian JV RoPower.

This week’s bounce reflects a complex mix of trading dynamics and shifting sentiment rather than a clean fundamental turnaround. Options activity around NuScale Power has often leaned “moderately bullish,” with calls outpacing puts and implied volatility sliding toward the low end of its one‑year range, signaling that traders expect smaller daily swings and are not aggressively betting on another collapse. At the same time, mixed options signals—such as increased demand for downside protection on certain days—show that many market participants remain cautious, trying to balance the long‑term promise of SMR technology against short‑term execution risk.

On Wall Street, analysts continue to walk a tightrope between optimism and concern, which has helped frame the stock’s recent rebound. The consensus rating on NuScale Power sits at Hold, reflecting five Buys, five Holds and three Sells, yet the average price target of about $33 still implies well over 100% upside from current levels. Firms like B. Riley have cut their targets sharply, citing fears of dilution after shareholders approved nearly doubling the company’s authorized Class A share count, while Goldman Sachs and Citi have also lowered expectations amid questions about contracts, key partners such as Fluor, and the timing of major deals like those involving the Tennessee Valley Authority. For now, the 12.64% weekly gain suggests traders are willing to give NuScale another look, betting that a favorable U.S. nuclear policy backdrop and future project milestones can eventually justify the risk.