All articles tagged with #nuscale
NuScale Power Corp. (SMR) reported Q2 revenue of $75,000, missing the $8.91 million consensus, while its quarterly loss per share was $0.13, which matched estimates. R&D expenses rose by about $6.6 million year over year. CEO John Hopkins emphasized growing demand for clean power, and the stock fell roughly 5.8% in extended trading to about $8.84 following the report.
Nuclear stocks such as NuScale and Oklo experienced mixed trading following an announcement related to the army, though specific details are not provided in the excerpt.
The Carbon Free Power Project (CFPP), the first small-scale US nuclear reactor designed by NuScale, has been canceled due to a lack of additional customers to buy its power. The project, which aimed to prove that smaller modular designs could make nuclear power more affordable, faced increasing costs and struggled to secure commitments to purchase its future power. Despite the cancellation, NuScale remains ahead of competitors in developing smaller nuclear plants and plans to build reactors in Romania and power data centers in Pennsylvania and Ohio. The company aims to provide carbon-free, cost-effective power by the mid-2030s.