NuScale Power Stock Is Cheap, but Does That Make It a Buy Now?
NuScale Power's stock has fallen 75% from its 52-week high after a strong rally, making it look cheap, but the company still lacks a first customer for its small modular nuclear reactor (SMR) design. The company's technology is regulatory-approved, but it needs to prove its reliability by building and selling its first SMR.
NuScale Power's stock price has dropped significantly after a previous surge. The company has a regulatory-approved small modular nuclear reactor (SMR) design, which is a downsized version of existing nuclear power technology with added modern safety features. NuScale Power's reactors can be factory-built and easily transported to their intended locations. However, the company lacks a first customer, which is a significant problem as it needs to prove the reliability of its reactors. NuScale Power is working with foreign and U.S. companies to potentially sell its SMRs and has placed early orders for parts for up to 12 reactors. The U.S. government has expressed support for SMRs and provided funding to advance the technology. The company's stock is considered a high-risk investment until it completes its first SMR sale.
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