Overview
- NuScale develops factory-built small modular reactors that can be combined to produce larger amounts of power.
- It remains the only U.S. company with an NRC-approved SMR design, a regulatory lead without a commercial deployment to date.
- The most discussed near-term application is supplying 24/7 electricity to data centers serving AI workloads.
- The company is burning cash and has limited revenue, with significant sales likely still years away.
- Shares imply a roughly $4.5 billion market value against about $64 million in trailing revenue, leaving the stock trading at more than 70 times sales and suitable mainly for investors who can tolerate volatility.