New York, May 16, 2026, 11:11 EDT
- NuScale Power dropped 6.88% to $11.23 on Friday. The stock is now off about 10.5% from last Friday’s close.
- U.S. stock markets are closed for the weekend. NYSE normal hours are 9:30 a.m. to 4:00 p.m. Eastern. The next scheduled 2026 holiday is May 25.
- Citi lowered its price target on NuScale to $7 from $9 and kept its Sell rating. Northland also cut its target, now at $19 instead of $21, sticking with Outperform.
NuScale Power stock heads into the weekend on the back foot. Shares dropped hard Friday, finishing off a tough week for the nuclear developer. Traders are now eyeing the low-$11 zone to see if the stock can hold there when markets open again Monday.
The stock settled at $11.23 Friday, down 6.88%. It hit an intraday low of $11.16. Shares are now trading roughly 10.5% beneath their May 8 close at $12.55. The biggest drops came on Tuesday and Friday.
The timing is key since markets shut on Saturday and Sunday, so traders won’t be able to respond to news in the regular session until Monday’s open. The NYSE core session runs 9:30 a.m. to 4:00 p.m. Eastern, with Memorial Day, May 25, set as the next holiday in 2026, according to the exchange’s holiday calendar.
NuScale is pitching small modular reactors to investors, betting on SMRs that come in modules instead of one big facility. The story has picked up as data centers and utilities hunt for steady power, but the shares are still priced like NuScale needs to show it can turn orders into revenue.
First-quarter revenue dropped to $565,000 from $13.4 million last year, while net loss ballooned to $46.7 million from $30.4 million. The company blamed the fall in revenue on the end of earlier RoPower licensing and Fluor engineering projects, and said there was no similar work in the 2026 quarter.
NuScale closed March holding $341.1 million in cash and equivalents and $549.0 million in short-term investments, with no debt. The company also said it pulled in $37.3 million in net proceeds from its at-the-market share-sale program, which allows it to sell shares over time.
NuScale CEO John Hopkins sounded positive in the earnings release, saying the need for “reliable, carbon-free power” is at a high and that NuScale is “building the infrastructure that this pivotal moment requires.” The firm also reported that shareholders at Romania’s SN Nuclearelectrica backed moving forward with the next step of the RoPower project, which plans six NuScale Power Modules for a converted coal site in Doicești. NuScale Power
Wall Street analysts are divided on NuScale. Citi trimmed its price target to $7 from $9 and maintained a Sell, TheFly reported via TipRanks. Northland took its target down to $19 from $21 but held its Outperform, pointing to dilution from at-the-market issuance. Northland also said management is still optimistic about a possible 6-gigawatt project with Tennessee Valley Authority.
Options action picked up late Friday, showing a jittery mood. TheFly said options sentiment was mixed. Shares hovered around $11.30, and the market was pricing in a move of about 69 cents for the day. There was more interest in puts, suggesting some traders moved to hedge for more downside.
Nuclear sentiment isn’t entirely negative. Reuters said this week the U.S. Department of Energy is weighing billions in financing for long-lead reactor components, and Nuclear Energy Institute CEO Maria Korsnick told the outlet the plan would “going to help” utilities looking at AP1000s. The program focuses on full-size reactors, not NuScale’s modules, but it signals policy support for the industry. Reuters
Competition is getting stiffer. According to Reuters, activist investor Ananym Capital views BWX Technologies as a potential heavyweight in pressurized-water SMRs, pointing out there isn’t a clear front-runner in that space. BWX already makes nuclear reactors for the U.S. Navy and shares have climbed a lot in the past year, offering another way to get exposure to nuclear demand.
NuScale’s risks are clear. The company has cash and partners, plus regulatory approvals, but revenue is still light and losses are steep. More equity offerings could hurt shareholders. If shares fall past Friday’s $11.16 low and there’s no new deal or project update, Monday’s session could stretch traders’ nerves again.
NuScale’s outlook stays unsettled, not outright bullish for now. Clearing $12 could help, but price action and options flows indicate traders are eyeing $11 support first. The next session will likely trade less on nuclear sector headlines and more on whether NuScale can convince investors its pipeline is starting to bring in funded, revenue-making deals.
