New York, July 12, 2026, 18:08 (EDT)
NuScale Power Corporation NYSE:SMR finished Friday at $9.04, slipping below the new average price implied by its most recent equity sales filings. That sets a clear line for investors to watch when markets open Monday.
NuScale said in its Q1 filing it sold 22.36 million shares after March 31, raising $216.8 million before costs. That works out to about $9.69 a share. The stock closed down 6.8% on Friday. These sales are part of a $1 billion at-the-market program that lets NuScale sell stock into the market as needed. As of March 31, $962.1 million of that was still unused.
Holtec Nuclear Corporation filed for a U.S. IPO on Friday, aiming to list under HNUC. The timing gives public market investors a look at an advanced-nuclear company as Holtec develops its small modular reactor, or SMR. The company reported first-quarter net income of $17.8 million on $165.3 million in revenue. Holtec said it will put some of the IPO cash toward its SMR-300 program.
NuScale posted Q1 revenue of $565,000 and took a net loss of $46.7 million. Holtec’s quarterly sales came in about 293 times higher. The comparison isn’t exactly apples-to-apples—Holtec already sells nuclear gear and spent-fuel services. Still, it puts a profitable, diversified player next to a company like NuScale, where bigger reactor projects still don’t have binding orders.
It wasn’t just NuScale under pressure. Shares of Oklo NYSE:OKLO and X-Energy NASDAQ:XE also slipped during the holiday-shortened week. The S&P 500, meanwhile, added 1.2% over the same period.
| Security | July 10 close | Change from July 2 close |
|---|---|---|
| NuScale | $9.04 | off 7.4% |
| Oklo | $48.85 | down 6.7% |
| X-Energy | $15.96 | fell 7.6% |
| S&P 500 | 7,575.39 | up 1.2% |
Stock change numbers use close-to-close data. The index number is the reported change for the week.
The move points to investors discounting future nuclear growth instead of just trading on one NuScale headline. Most of the sector’s sales outlook is still years away. Meanwhile, the rest of the market kept favoring names more exposed to current artificial intelligence spending.
NuScale has some breathing room. CEO John Hopkins said in May, “We ended the first quarter with $1 billion in liquidity,” citing the company’s NRC-approved design and supply chain. The cash gives it more time to work on development. But it doesn’t say what NuScale’s future equity could be worth. NuScale Power
Trading positions might make the next swing bigger. As of June 30, short interest was at 72.27 million shares, 21.55% of the public float. Friday’s trading volume was 72% of its 65-day average. The week’s drop didn’t have high turnover.
Still, Holtec’s read-across only goes so far. Most of Holtec’s revenue comes from its long-running service and equipment lines, and its Q1 margin got a one-time $30 million lift from a contract adjustment with a Ukraine client. For NuScale, the risk is clearer: if project plans take time to become sales, revenue stays light, and ongoing ATM issuance would dilute existing holders. A big binding order would flip that fast.
This week is packed with macro events. June CPI data hits Tuesday at 8:30 a.m. ET, then PPI follows Wednesday, same hour. Loss-making growth names can swing hard if inflation shifts bond yields. NuScale’s next update is its Q2 call on August 5, 5 p.m. ET. The stock faces the $9.69 share-sale average and the $8.55 52-week low as near-term lines.
