NuScale Power’s stock, once soaring above $57 on AI energy hype, now trades below $10 — a 75% plunge in a year. The company’s small modular reactors promise safer, cheaper, faster nuclear power and even got NRC approval, with modules already in production. But without any binding contracts or power purchase agreements — even from its partner ENTRA1 — and with first deliveries not expected until 2031, the company’s commercial viability remains unproven. Milestone fees and investor lawsuits add to the risk. While the clean energy future may be bright, NuScale’s path to profitability is still a long, uncertain road.
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