Shares in U.S. nuclear reactor manufacturer NuScale Power (SMR) climbed about 15% on Wednesday morning. The rally appears to have no immediate news trigger, but it could be a reaction to an industry investment deal and dip-buying among investors.
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Forget margin or options. Here's how the pros trade SMRRolls-Royce Gets $812M SMR Order
On Monday, the National Wealth Fund, a UK government-owned investment vehicle, announced that it was investing up to £599 million ($812 million) for the delivery of three small modular reactors (SMRs) by Rolls-Royce Holdings’ (RYCEY) SMR subsidiary.
“Each Rolls-Royce SMR will generate 470 megawatts of stable low-carbon electricity, enough to power the equivalent of around a million of today’s homes,” the National Wealth Fund said in a statement.
SMR ended the day about 4% higher. The deal likely triggered investor optimism about continued interest in the sector, even as the UK and U.S. governments have previously stated plans to revive their nuclear industries.
NuScale Power’s Stock Recovers from 52-Week Low
Meanwhile, NuScale Power’s major stakeholder, Fluor Corporation (FLR), on April 13 slashed its stake in the nuclear reactor company by selling 13.5 million shares valued at $162.8 million.
As a result, SMR tested a one-year low of $8.85 during trading hours Monday before closing at $9.58. However, the shares are now recovering and traded near $12 per share on Wednesday morning.
The developments come as NuScale Power’s shares have declined by about 16% year-to-date and roughly 33% over the past three months. This is even as the SMR producer reported wider-than-expected losses in its fourth-quarter, with full-year 2025 revenue down 15% year-over-year to $31.5 million.
Is NuScale Power a Good Stock to Buy?
On Wall Street, NuScale Power’s shares remain a Moderate Buy based on analysts’ consensus rating. This breaks down to five Buys, six Holds, and one Sell issued over the past three months.
However, the average SMR price target of $17.39 implies 48% upside from current trading levels.
