SMR News & Analysis
4 articles
Market Mood
NuScale Power (SMR) Faces Delays on $10 Trillion Opportunity
NuScale Power (SMR) is pursuing a $10 trillion opportunity but has faced significant delays. The company is projected to have its first nuclear plant operational by 2030 at the earliest, a shift from its 2019 estimate of 2027. Currently, it holds the only permit to build a small modular reactor (SMR) in the U.S., but there have been cancellations in its order pipeline. Additionally, in 2025, NuScale reported a net loss of $664 million, the largest in its history, indicating ongoing financial challenges.
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Fluor (FLR) Completes Sale of NuScale (SMR) Stake for $2.43 Billion
Fluor (FLR) completed the sale of its 126 million shares in NuScale Power (SMR), generating gross proceeds of $2.43 billion from an initial investment of $570 million. This sale, which realized a 326% return, allows Fluor to reduce its debt and support a $1.4 billion share repurchase program. Fluor's transition from a majority owner to a preferred EPC partner enables it to earn service fees without the volatility associated with equity ownership. The company is also seeking additional opportunities in conventional nuclear and small modular reactor projects in partnership with technology providers.
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Oklo (OKLO) Stock Up 32% Following White House Nuclear Mandate
Oklo (OKLO) stock surged 8% in early trading today, responding to the White House's National Science and Technology Memorandum 3, which mandates space nuclear deployment by 2028 and lunar reactors by 2030. The stock has increased 32% over the past week and 192% over the past year. The consensus price target for Oklo is $90.41, supported by 13 Buy ratings versus one Strong Sell. This government mandate is perceived as a significant advancement for the advanced nuclear industry, increasing investor interest and market momentum.
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X‑Energy Files for Nasdaq IPO, Seeks $300M for Nuclear Technology Expansion
X‑Energy has submitted a filing to the SEC for an initial public offering on Nasdaq, targeting a capital raise of approximately $300 million to support its advanced small modular reactor (SMR) and nuclear fuel business. The company intends to list its Class A shares under the ticker symbol ‘XE’. The filing does not specify the number of shares or price range, while estimates suggest the deal could reach several hundred million dollars. X‑Energy's Xe‑100 design is capable of producing about 80 megawatts of electricity per module, with a development pipeline of over 11 gigawatts of planned nuclear capacity in the US and UK.
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