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SMR Stock (NuScale Power): Catalyst Watch & Research Profile 2026

May 11, 2026•6 min read•By StockShips
NYSE: SMR

SMR Stock — NuScale Power Research Profile

Pure-play small modular reactor developer · AI-Power thematic exposure

About NuScale Power

NuScale Power Corporation (NYSE: SMR) is a developer of small modular nuclear reactor (SMR) technology, headquartered in Portland, Oregon. The company’s flagship product is the NuScale Power Module — a 77 MW pressurized water reactor designed to be factory-fabricated and shipped to sites for assembly. NuScale received its initial NRC Design Certification in 2023 — making it the first SMR design certified by the U.S. Nuclear Regulatory Commission.

The company is one of the most-watched names in the AI-Power thesis because hyperscaler datacenter expansion is driving renewed interest in zero-carbon baseload power, and SMRs are positioned as a faster-permitting alternative to traditional large reactors. NuScale’s customer base includes utility consortiums, government partnerships, and exploratory talks with hyperscale cloud providers.

Public stats & profile

The following data is sourced from publicly available filings and market data as of mid-May 2026. Numbers shift daily — verify on your broker terminal before any research conclusion.

Sector
Nuclear / SMR
Market Cap
~$1.8B
approximate
Float
~225M
shares
Avg Daily Volume
~8M
Revenue Stage
Pre-rev
NRC Status
Certified

Sources: NuScale Power SEC filings (10-K, 10-Q), NYSE market data, NRC public records.

Recent public catalysts (trailing 90 days)

The events below are drawn from public news, SEC filings, and DOE / NRC announcements. Each affected the public trading profile of SMR shares in a known direction; the magnitude varied. None of this constitutes a recommendation — it’s historical context for research.

  • FEB 2026

    Q4 2025 earnings + Romania VOYGR-6 update
    NuScale reported quarterly earnings with an update on the Romania VOYGR-6 deployment project. Shares experienced elevated volume on the print.
  • MAR 2026

    DOE LWR cost-share program update
    Department of Energy announcement related to advanced reactor cost-share funding allocations included references to NuScale projects.
  • APR 2026

    Q1 2026 earnings
    Quarterly results, including cash position update and project pipeline commentary. Forward-looking statements about VOYGR module pricing.
  • APR 2026

    Hyperscaler discussion press cycle
    Industry press reported expanded discussions between SMR developers (broadly) and hyperscale cloud providers regarding baseload power for AI datacenters.

Upcoming public catalysts (next 90 days)

The following are publicly known future events that could affect SMR’s trading profile. Dates may shift; verify on NuScale’s investor relations page and SEC EDGAR before treating any of them as fixed.

  • ~Q3 2026

    Q2 2026 earnings release
    Quarterly financial results — typically the primary near-term public catalyst for pre-revenue developers. Watch for VOYGR project commentary and cash burn rate.
  • ROLLING

    DOE Advanced Reactor program milestones
    Periodic announcements from the DOE Advanced Reactor Development & Deployment program may reference NuScale or comparable SMR developers.
  • ROLLING

    First commercial deployment news
    Any update on the timeline for NuScale’s first commercial deployment is historically a high-impact event for shares.
  • ROLLING

    Customer announcements (utility or hyperscaler MOUs)
    News of new customer letters of intent or MOUs has historically driven significant price action across SMR-sector names.
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StockShips Scan profile

Our scan applies four filters when researching small-cap momentum setups: float profile, volume ratio, catalyst proximity, and cap-table health. Here’s where NuScale (SMR) currently lands across the four — this is a profile, not a recommendation.

B

Float Profile

~225M float — larger than the sub-50M ideal range for max float-rotation effects, but still in the small-cap range with meaningful price ranges around catalysts.

B

Volume Ratio

Average daily volume of ~8M is healthy. Volume ratio readings above 3× the 10-day average have historically appeared around earnings prints and DOE announcements.

A

Catalyst Proximity

Multiple public catalysts within the next 90 days: Q2 earnings, ongoing DOE program updates, rolling customer announcement potential. High catalyst density.

C

Cap-Table Health

Pre-revenue developer with historical reliance on capital raises. Review most recent 10-Q for current cash position and any active S-3 shelf registration before researching a position.

Key risks specific to SMR

  • Dilution risk. Pre-revenue developers commonly issue equity to fund operations. Track NuScale’s S-3 filings on SEC EDGAR and any ATM offering activity.
  • Permitting timeline risk. Even with NRC Design Certification, individual project deployments require additional licensing. Timelines can slip by years.
  • Customer concentration risk. Pre-revenue with a small customer base means a single contract loss or delay can substantially affect outlook.
  • Sector rotation risk. SMR shares trade as a proxy for the broader nuclear / AI-Power thesis. Sector-wide selloffs can move SMR independent of company-specific news.
  • Macro / policy risk. Changes to federal nuclear policy, DOE program funding, or carbon pricing can affect the entire SMR developer cohort.
⚠️ Important: The risks above are not exhaustive. Review NuScale’s full Risk Factors section in its most recent 10-K filing on SEC EDGAR before conducting position research.

SMR Stock FAQ

What is SMR stock?

SMR is the New York Stock Exchange (NYSE) ticker symbol for NuScale Power Corporation — a developer of small modular nuclear reactor (SMR) technology. The ticker is sometimes confused with the industry abbreviation “SMR” (small modular reactor), which refers to the technology category as a whole.

Is NuScale Power profitable?

As of NuScale’s most recent public filings, the company operates pre-revenue and has reported operating losses. Review the company’s most recent 10-Q on SEC EDGAR for current financial status. Pre-revenue developer-stage companies carry materially different risk profiles than profitable operating companies.

How does NuScale fit the AI-Power thesis?

NuScale’s product — small modular reactors — is one of the technologies discussed in the context of supplying baseload zero-carbon power for AI datacenter expansion. SMR shares have historically traded in correlation with broader nuclear sector activity around AI-Power news cycles. Whether NuScale specifically benefits from the thesis depends on commercial deployment progress.

What’s the float on NuScale?

NuScale’s public float is approximately 225M shares as of mid-2026. Public float can change with secondary offerings, insider sales, lockup expirations, and other corporate actions. Verify current float on NuScale’s investor relations materials or your broker terminal.

Does Stock Ships recommend buying SMR?

No. Stock Ships does not recommend buying, selling, or holding any specific security. This page provides research context — public catalysts, scan profile, risks, and educational background — for traders researching the SMR / NuScale Power name independently. We are not a registered investment adviser. Always conduct your own due diligence and consult a licensed financial professional.

How do I get real-time alerts on bullish setups?

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