smallmodularreactor

What is happening to SMR stock? NuScale Power trades near $5.60 after falling more than 60% from a 52-week high of $45.54. Three forces drove the drop.

First, revenue collapsed. Trailing twelve-month sales sit at roughly $10.69 million, down 81%, as the RoPower engineering work ended. Q2 2026 revenue was $0.1 million. Second, higher interest rates punished pre-revenue growth names across the nuclear sector. SMR stock carries a beta of 2.37, amplifying every move. Third, the ENTRA1 and TVA pipeline of up to 6 gigawatts remains under negotiation, and the market is tired of waiting.

The Doosan manufacturing contract signed in late October is a supply-chain milestone, not a revenue one. Q3 earnings on November 5 will test whether the $1.9 billion cash cushion and deployment progress are enough to stabilize the stock. Not a guaranteed outcome in either direction.

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