Nuscale Power Corp (SMR · NYSE)

NuScale Power shares have fallen 20.5% over the past month to $7.75, leaving the stock 85.5% below its 52-week high and 35.1% under its 200-day moving average. The company remains effectively pre-revenue, with TTM revenue of just $10.7M (down 99.1% YoY) against a $3.18B market cap, quarterly operating losses of $57.5M–$64.0M in the first half of 2026, and trailing FCF of -$59.7M. It is well capitalized for now, holding $766.5M in cash against only $5.9M of total debt, though ROE sits at -55.2%. Attention is focused on a potential first module order via discussions with ENTRA1 Energy and TVA, while director Shinji Fujino's sale of 20,000 shares at $8.858 in August and Van Eck's disclosed 8.5% stake frame recent ownership news.