NuScale Power (SMR) Stock Jumps 15% as Nuclear Sector Gains Momentum

Key Takeaways NuScale Power (SMR) climbed as high as 15.4% to reach $11.37 during trading, closing near $11.19 with trading volume 74% higher than usual. The surge was driven by a broad-based nuclear sector rally rather than any specific developments at NuScale. After touching a 52-week bottom of $7.21 in July, SMR appeared undervalued relative to competitors like Oklo and Nano Nuclear Energy. The firm maintains a strong cash position of approximately $1.89 billion with no outstanding debt, though quarterly revenues plummeted 99.1% annually to a mere $0.07 million. Wall Street maintains a “Hold” consensus on the stock with an average target price of $13.50, featuring varied Buy, Hold, and Sell recommendations. NuScale Power shares surged by as much as 15.4% during Tuesday’s trading session on September 8, peaking at $11.37 intraday before closing near $11.19. Trading activity spiked to approximately 53.6 million shares, representing a 74% increase over typical volumes. The stock had ended the previous session at $9.70. NuScale Power Corporation, SMR No specific company announcements or rating changes drove the advance. Rather, the movement reflected a sector-wide surge in small modular reactor stocks, a pattern that has repeated multiple times during 2026. Comparable companies in the space experienced similar gains. Oklo shares advanced nearly 5%, and Nano Nuclear Energy climbed approximately 9.2% during the same trading period. The nuclear energy sector has benefited throughout the year from narratives surrounding AI data center power requirements and cross-party political endorsement of next-generation nuclear technology. General market conditions provided no tailwind. The S&P 500 declined 0.3%, the Nasdaq fell 0.3%, and the Dow Jones Industrial Average dropped 0.9% on the day. The small modular reactor sector was clearly operating independently. NuScale had been trading near its 52-week floor of $7.21, established in July 2026. This positioning left the stock trading at a deeper discount than many competitors entering Tuesday, potentially drawing value-seeking investors. Financial Position Remains Mixed The company’s financial reserves provide some reassurance. At the conclusion of Q2 2026, NuScale held roughly $1.89 billion in cash and liquid investments while maintaining a debt-free balance sheet. This financial cushion provides substantial operational flexibility despite minimal commercial revenue generation. The latest quarterly results, released on August 5, revealed revenue of only $0.07 million, representing a 99.1% year-over-year decline. The company recorded a per-share loss of $0.13, aligning with analyst projections. The net margin registered at negative 3,888.7%. Consensus forecasts anticipate a full-year 2026 loss of $0.64 per share. Analyst Perspectives Street sentiment on SMR remains divided. The consensus rating stands at “Hold” with a mean price objective of $13.50. Barclays reduced its price target from $15 to $11 in July while maintaining an “Equal Weight” stance.