NuScale Power (SMR) is back on watch for investors after recent share price moves, with the stock closing at US$19.83 as shorter term returns contrast sharply with its past 3 months performance.

The recent 1 day share price return of 3.12% and 1 month share price return of 13.90% sit against a 90 day share price return decline of 58.38%. At the same time, the 3 year total shareholder return of 91.41% and 5 year total shareholder return of 81.93% point to a very different long run picture, suggesting that momentum has been rebuilding in the short term after a sharp setback.

If NuScale’s moves have you thinking about where else growth stories might emerge, this could be a good moment to scan other high growth tech and AI stocks that are catching renewed interest.

With revenue of US$63.895m, a net loss of US$379.94m and a value score of 3, plus a share price sitting below some analyst targets, the key question is whether NuScale is undervalued or if markets already price in future growth.

Most Popular Narrative: 44.1% Undervalued

With NuScale Power last closing at US$19.83 against a narrative fair value of US$35.50, the current pricing gap is front and center for many investors trying to judge how much future deployment is already baked in.

NuScale's involvement in the RoPower 6-module small modular reactor (SMR) power plant in Romania indicates future meaningful revenue and cash flow through its partnership in the Fluor-led Front-End Engineering and Design (FEED) Phase 2. This project enhances NuScale's revenue prospects.

Curious what kind of revenue build out and margin shift would need to line up for that fair value to make sense? The narrative leans heavily on rapid top line expansion, a major swing in profitability and a future earnings multiple more often associated with high growth names. Want to see how those moving parts are stitched together into one valuation story?

Result: Fair Value of $35.50 (UNDERVALUED)

However, there are still clear swing factors here, including potential delays to firm orders into 2026 and any need for external capital to meet ENTRA1 obligations.

Build Your Own NuScale Power Narrative

If you look at the numbers and reach a different conclusion, or prefer to test your own assumptions, you can build a custom thesis in a few minutes by starting with Do it your way.

A great starting point for your NuScale Power research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.

Looking for more investment ideas?

If NuScale has you rethinking your watchlist, do not stop here. There are plenty of other angles you can quickly scan before the next move.

• Target dependable cash returns by reviewing these 12 dividend stocks with yields > 3% that may suit an income focused approach.
• Spot potential growth themes early by scanning these 25 AI penny stocks that are tied to artificial intelligence trends.
• Hunt for possible mispricings with these 882 undervalued stocks based on cash flows that might merit a closer look on your shortlist.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.