New York, January 7, 2026, 10:12 EST — Regular session
- NuScale Power shares were down about 1.6% in morning trade, with volume topping 7 million shares.
- Investors were focused on a 10:15 a.m. ET House hearing on nuclear licensing and deployment.
- Traders are watching for policy signals now and the company’s next earnings update in early March.
NuScale Power Corp shares fell 1.6% to $19.25 on Wednesday morning, after trading between $18.51 and $19.48 in early dealings. Volume topped 7 million shares as the stock stayed jumpy.
The selling came as investors turned to a House Energy and Commerce subcommittee hearing scheduled for 10:15 a.m. ET that will look at nuclear licensing and deployment. Small modular reactors, or SMRs, are smaller plants meant to be built in factory-made modules and assembled on site. 1
Policy headlines have kept nuclear names on traders’ screens after the U.S. Energy Department this week awarded $2.7 billion of orders to expand domestic uranium enrichment, including for high-assay low-enriched uranium (HALEU), a fuel enriched to between 5% and 20% used in some advanced reactor designs. Energy Secretary Chris Wright said the awards show the administration is committed to rebuilding a U.S. nuclear fuel supply chain. 2
The broader market was edging higher, with the SPDR S&P 500 ETF up 0.1% and the Invesco QQQ up 0.2%. Nuclear-linked stocks were mixed: Oklo was up 3.7%, while Cameco and Constellation Energy were down about 0.4% and 1.4%, respectively.
NuScale is aiming to be the first U.S. developer to build an SMR, after the Nuclear Regulatory Commission approved the company’s upgraded 77-megawatt reactor design in May. That sign-off covers the blueprint, not a site permit, and NuScale still needs customer commitments and financing; it canceled its Carbon Free Power Project in 2023 after costs rose. 3
Wednesday’s hearing, titled “American Energy Dominance: Dawn of the New Nuclear Era,” is set to hear from Nuclear Energy Institute chief Maria Korsnick and Idaho National Laboratory director John Wagner, among others, according to Congress.gov. Traders will watch for hints of faster timelines for permits and whether lawmakers press for new federal backstops for first-of-a-kind projects. 4
But the stock remains a policy bet more than an operating story. NuScale’s last earnings update was on Nov. 6, and it is still in the early stages of turning a certified design into a financed, built plant — a process where delays and cost creep can hit hard. 5
