• Recent commentary has highlighted that power demand for AI data centers is now colliding with grid constraints, elevating nuclear power as one of the few zero‑carbon options capable of supplying round‑the‑clock electricity at the scale hyperscalers require.
• This shift is drawing fresh attention to NuScale Power’s small modular reactor technology, which is progressing through Nuclear Regulatory Commission review with Department of Energy support, positioning the company more firmly in discussions about long‑term AI‑related power solutions.
• We’ll now examine how intensifying AI‑driven data center power needs, and growing interest in nuclear as a solution, reshape NuScale’s investment narrative.

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NuScale Power Investment Narrative Recap

To own NuScale, you have to believe small modular reactors can move from regulatory progress and engineering milestones to signed projects that eventually support material revenue, despite today’s small sales and large losses. The AI data center power crunch boosts the relevance of NuScale’s story, but the near term catalyst is still concrete deployment and power purchase agreements, while the biggest risk remains execution and funding through a long, capital intensive buildout. The latest news does not yet change that balance in a material way.

In that context, NuScale’s April 2026 deal where an undisclosed buyer acquired about 11.6% of the company from Fluor for roughly US$470,000,000 stands out. It reinforces that there is still institutional interest in the SMR theme just as AI driven demand is focusing attention on nuclear. For shareholders, this transaction sits alongside NuScale’s project and regulatory milestones as a key near term reference point while waiting to see if interest converts into long term power contracts and orders.

Yet, beneath the AI power story, investors should be aware that NuScale’s dependence on complex, long term power purchase agreements could...

NuScale Power's narrative projects $389.8 million revenue and $42.8 million earnings by 2029. This requires 175.4% yearly revenue growth and an earnings increase of about $428.6 million from -$385.8 million today.

Uncover how NuScale Power's forecasts yield a $15.36 fair value, a 53% upside to its current price.

Exploring Other Perspectives

Before this AI power crunch, the most optimistic analysts were already assuming revenue could reach about US$941,300,000 and earnings US$111,300,000 by 2028, so compared with the caution around ENTRA1 execution risk, you can see just how wide opinion runs on NuScale’s future and why this new demand shock could push those narratives in very different directions.

Explore 21 other fair value estimates on NuScale Power - why the stock might be worth less than half the current price!

Decide For Yourself

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your NuScale Power research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.
• Our free NuScale Power research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NuScale Power's overall financial health at a glance.

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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.