Home / Business and Economy / NuScale's Rollercoaster: Can SMRs Deliver on Promise?
NuScale's Rollercoaster: Can SMRs Deliver on Promise?
13 Jul
Summary
- NuScale shares collapsed over 80% before soaring 1800% since early 2024.
- AI's energy needs present a significant opportunity for SMR technology.
- Project delays and cancellations create uncertainty for NuScale's future.
NuScale Power, a nuclear energy company, has seen its stock price experience extreme volatility. After going public in 2022, its shares initially collapsed by over 80% through the end of 2023. However, a remarkable turnaround occurred, with NuScale stock soaring more than 1800% from early 2024 to summer 2025.
This resurgence was partly driven by the burgeoning AI industry's immense energy needs, for which NuScale's small modular reactor (SMR) technology is considered a promising solution. Bank of America projects nuclear energy as a $10 trillion opportunity, with SMRs playing a crucial role.
Despite this potential, investor sentiment has cooled, and NuScale's stock has again dropped by over 80% since last summer. The company faces significant hurdles, including project delays, such as its Romanian development pushed to 2034, and outright cancellations. This uncertainty in advancing its project pipeline makes forecasting NuScale's near-term performance challenging, especially given the nascent stage of SMR deployment globally.
