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“NuScale Power Shares Slide After Weak Q1 Revenue Miss” 🚨

NuScale Power shares fell in early trading after the small modular reactor (SMR) developer posted disappointing first-quarter results that failed to reignite momentum behind the once high-flying clean energy stock.

The company reported Q1 revenue of just $560,000, far below analyst expectations of $10.5 million. Revenue also declined sharply year over year as earlier licensing and reactor design agreements were completed, leaving fewer near-term commercial contributions.

The weak financial performance highlights the challenge facing many early-stage nuclear energy firms that remain heavily dependent on future growth expectations rather than current earnings power.

Despite the slowdown, management emphasized the long-term opportunity tied to rising electricity demand from AI infrastructure and hyperscale data centers. CEO John Hopkins said demand for “reliable, carbon-free power has never been greater,” pointing to NuScale’s regulatory positioning and production capabilities as competitive advantages.

NuScale remains the only SMR developer with a U.S. Nuclear Regulatory Commission-approved reactor design, a milestone investors continue to view as strategically important in the race to supply next-generation energy needs.

Still, analysts turned more cautious following the earnings release. Goldman Sachs lowered its price target on the stock from $10 to $9 after the report.

The company ended the quarter with roughly $1 billion in cash, equivalents, and investments, providing a sizable liquidity cushion as it continues developing commercial projects. Even so, the stock is now down more than 25% year to date as investor enthusiasm around AI-linked energy plays cools.