New York, May 16, 2026, 11:11 EDT
- NuScale Power (SMR) lost 6.88% to $11.23 on Friday. Shares are now down roughly 10.5% over the last week.
- U.S. stock markets are shut for the weekend. Regular NYSE trading hours run from 9:30 a.m. to 4:00 p.m. Eastern. The next listed holiday in 2026 will be May 25.
- Citi cut its price target on NuScale to $7, down from $9, and kept a Sell rating. Northland dropped its target too, now at $19 from $21, keeping Outperform.
NuScale Power slipped into the weekend under pressure. Shares tumbled Friday, capping a rough week for the nuclear developer. Traders watch the low-$11 range now to see if the stock holds when markets open Monday.
Shares finished Friday at $11.23, off 6.88% for the session. The stock touched $11.16 at its lowest point Friday. The price is trading about 10.5% below where it ended May 8 at $12.55. Most of the losses landed on Tuesday and Friday.
Markets close on Saturday and Sunday, meaning traders have to wait until the Monday open to react to news over the weekend. The core trading hours on the NYSE are 9:30 a.m. to 4:00 p.m. Eastern. Memorial Day is the next holiday on the NYSE calendar for 2026, set for May 25, according to the exchange’s holiday schedule.
NuScale is trying to sell investors on small modular reactors, pushing the idea that SMRs in modules can work where building a giant plant is tough. Interest has grown as data centers and utilities look for reliable power, but NuScale’s shares are still trading like the company has to prove it can actually convert orders into revenue.
First-quarter revenue fell sharply to $565,000, compared to $13.4 million a year ago. Net loss widened to $46.7 million from $30.4 million. The company cited the wind-down of RoPower licensing and Fluor engineering contracts, saying no projects of that scale came through in the 2026 quarter.
NuScale ended March with $341.1 million in cash and equivalents on hand. Short-term investments totaled $549.0 million. The company reported zero debt. Net proceeds from the at-the-market share-sale program reached $37.3 million, letting NuScale sell shares as needed.
NuScale CEO John Hopkins struck an upbeat tone in the company’s earnings release, saying demand for “reliable, carbon-free power” is strong and NuScale is “building the infrastructure that this pivotal moment requires.” The company said shareholders at Romania’s SN Nuclearelectrica approved the next phase of the RoPower project, which aims to install six NuScale Power Modules at a Doicești coal plant. NuScale Power
NuScale got mixed calls from Wall Street. Citi cut its price target to $7 from $9 and kept a Sell rating, TheFly said, citing TipRanks. Northland dropped its target to $19 from $21 but stuck with Outperform, citing dilution from at-the-market issuance. Northland said management remains positive on a potential 6-gigawatt project with Tennessee Valley Authority.
Options trading turned active late Friday, with a nervous tone. TheFly reported mixed sentiment in the options market. Shares stayed near $11.30 and traders priced in a move of about 69 cents that day. Put volume ran higher, pointing to some hedging for another drop.
Nuclear isn’t all gloom. Reuters reported this week that the U.S. Department of Energy is considering billions in financing for big reactor parts with long lead times. Nuclear Energy Institute CEO Maria Korsnick told Reuters the plan would “going to help” utilities weighing AP1000 units. The move targets full-size reactors, not NuScale’s smaller modules, but still sends a policy signal to the sector. Reuters
BWX Technologies is drawing attention as the fight heats up. Reuters reports activist investor Ananym Capital sees the company as strong in pressurized-water SMRs, noting there’s still no obvious leader in the field. BWX builds reactors for the U.S. Navy now, and the stock has rallied over the past year, giving investors another way into nuclear demand.
NuScale faces obvious risks. The company holds cash, has partners and approvals, but revenue is thin and losses are heavy. More stock offerings may hit shareholders. Shares closed at $11.16 on Friday. If they drop lower and there’s no news on deals or new projects, Monday could see more tension for traders.
NuScale’s outlook isn’t firmly bullish yet. Shares need to clear $12, but price action and options suggest most traders are watching $11 as key support. The focus for the next session looks to be less on nuclear news and more on whether NuScale can show its pipeline is starting to drive funded, revenue-producing deals.
