NuScale Power Corporation Class A Common Stock (SMR)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor in the Buffett-Graham tradition, I look first for a durable business earning consistent profits. NuScale is not that today. It designs small modular reactors and owns nuclear licensing know-how, a field where regulatory barriers can create a moat. But the filed numbers show almost no commercial engine: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was just $75,000 and net income was -$47.5M. In fiscal Q1 2026, revenue was $565,000 and net income -$44.0M. Full-year FY2025 revenue was $31.5M with a net loss of $355.8M. FairStock's data shows trailing free cash flow of -$778.8M and an FCF yield of -32.9%, so the company consumes capital at a ferocious rate. The balance sheet has no debt (D/E 0.00), and the Altman Z-Score of 39.91 is high, but Piotroski is only 3/9 and ROE is -55.18%. At the 2026-10-13 close of $6.49, market cap is $2.4B, P/B is 1.29, and P/E is meaningless at -2.95. The stock is near the bottom of its 52-week range ($6.41-$57.42), with beta 2.31. Using FY2025 revenue, the market pays roughly 76 times sales for a company with declining revenue and no profits. I see a speculative technology option, not a Graham bargain. Until revenue and cash flow inflect, the margin of safety is thin.

In plain English: NuScale designs small nuclear reactors. The business is still very small: it brings in almost no revenue and loses large amounts of money each quarter. At $6.49 a share, the $2.4 billion market value looks expensive compared with those tiny sales and continuing losses, even though the price is near its 52-week low.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer