NuScale Power Corporation
Description
NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs. The company was founded in 2007 and is headquartered in Portland, Oregon. NuScale Power Corporation operates as a subsidiary of Fluor Enterprises, Inc.
About
CEO
Mr. John L. Hopkins
Employees
398
Instrument type
Common Stock
Sector
Industrials
Industry
Specialty Industrial Machinery
MIC code
XNYS
Address
12725 SW 66th Avenue, Portland, OR 97223, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| May 8, 2025 | — | — | — | — |
| Mar 12, 2025 | -0.09 | — | — | — |
| Nov 9, 2023 | -0.27 | -0.26 | 0.01 | -3.70% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 0 | — | 2 |
| Average estimate | — | 0.00 | — | -0.64 |
| Low estimate | — | 0.00 | — | -0.94 |
| High estimate | — | 0.00 | — | -0.35 |
| Last year EPS | — | — | — | -1.19 |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
—
Current year
-48.680%
Next year (Dec 2025)
21.340%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Analyst Ratings
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| Oct 17, 2024 |
Craig-Hallum
Eric Stine
|
Maintains | Buy | ▲ Raises $16 → $21 |
| Sep 26, 2024 |
Craig-Hallum
Eric Stine
|
Initiates | Buy | Announces $16 |
| Sep 13, 2024 |
CLSA
|
Initiates | Outperform | Announces $11 |
| Jun 27, 2024 |
B. Riley Securities
Ryan Pfingst
|
Maintains | Buy | ▲ Raises $8 → $14 |
| Mar 19, 2024 |
Wells Fargo
Neil Kalton
|
Downgrade | Underweight | ▼ Lowers $7.5 → $4.5 |
| Mar 19, 2024 |
UBS
Jon Windham
|
Maintains | Neutral | ▲ Raises $2 → $10 |
| Mar 18, 2024 |
Canaccord Genuity
George Gianarikas
|
Maintains | Buy | ▲ Raises $4.25 → $8 |
| Jan 29, 2024 |
Canaccord Genuity
George Gianarikas
|
Initiates | Buy | Announces $4.25 |
| Oct 9, 2023 |
Wells Fargo
Neil Kalton
|
Maintains | Equal-Weight | ▼ Lowers $9 → $7.5 |
| Aug 17, 2023 |
Wells Fargo
Neil Kalton
|
Maintains | Equal-Weight | ▼ Lowers $12.5 → $9 |
| Mar 22, 2023 |
TD Cowen
Marc Bianchi
|
Maintains | Outperform | ▼ Lowers $17 → $14.5 |
| Oct 25, 2022 |
UBS
Jon Windham
|
Initiates | Neutral | Announces $13 |
| Aug 25, 2022 |
Wells Fargo
Neil Kalton
|
Initiates | Equal-Weight | Announces $17 |
| Aug 18, 2022 |
Guggenheim
Shahriar Pourreza
|
Initiates | Buy | Announces $18 |
| May 13, 2022 |
Cowen & Co.
|
Initiates | Outperform | — |
| Jul 15, 2021 |
Goldman Sachs
|
Upgrade | Buy | — |
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 22.81M | 11.80M | 2.86M | 600,000 | 373,000 |
| Cost of revenue | 18.96M | 7.32M | 1.77M | 355,000 | 321,000 |
| Gross profit | 3.85M | 4.49M | 1.09M | 245,000 | 52,000 |
| Operating expense | |||||
| Research & development | 156.05M | 127.66M | 94.39M | 95.27M | 62.55M |
| Selling general and admin | 65.40M | 55.31M | 38.73M | 37.18M | 38.85M |
| Other operating expenses | 57.96M | 51.51M | 42.28M | 26.65M | 26.29M |
| Operating income | -275.57M | -230.00M | -174.30M | -158.84M | -127.63M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | 653,000 | 172,000 |
| Other income expense | 84.66M | 84.66M | 73.52M | 71.11M | 56.70M |
| Pretax income | -180.12M | -141.57M | -102.49M | -88.39M | -71.11M |
| Tax provision | — | — | — | — | — |
| Net income | -180.12M | -141.57M | -102.49M | -88.39M | -71.11M |
| Basic EPS | -0.80 | -0.51 | -2.35 | -2.03 | -1.63 |
| Diluted EPS | -0.80 | -0.51 | -2.35 | -2.03 | -1.63 |
| Basic average shares | 73.39M | 50.76M | 43.62M | 43.62M | 43.62M |
| Diluted average shares | 73.39M | 50.76M | 43.62M | 43.62M | 43.62M |
| EBITDA | -296.64M | -239.45M | -172.11M | -156.77M | -68.33M |
| Net income from continuing op. | -180.12M | -141.57M | -102.49M | -88.39M | -71.11M |
| Minority interests | 121.75M | 84.50M | — | — | — |
| Preferred stock dividends | — | -31.16M | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 224.86M | 348.64M | 121.20M | 47.06M | 75.69M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 120.27M | 217.69M | 77.09M | 4.86M | 17.13M |
| Other short term investments | — | 50.00M | — | — | — |
| Accounts receivable | 10.13M | 11.20M | 4.83M | 2.79M | 20.83M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 19.05M | 5.53M | 4.15M | 3.98M | 3.31M |
| Restricted cash | 5.10M | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 1.17M | 347,000 | 347,000 | 347,000 | 347,000 |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 21.40M | 21.43M | 21.04M | 18.86M | 16.43M |
| Construction in progress | — | 112,000 | 1.52M | 1.74M | 353,000 |
| Leases | 2.29M | 2.31M | 2.69M | 2.69M | 2.69M |
| Accumulated depreciation | -20.75M | -19.43M | -20.63M | -18.61M | -16.71M |
| Goodwill | 34.29M | 34.47M | 34.65M | 34.82M | 35.00M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 17.78M | 17.96M | 18.14M | 18.31M | 18.49M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 40.16M | 33.24M | 3.77M | 3.83M | 4.57M |
| Total liabilities | 95.52M | 71.55M | 52.80M | 74.06M | 36.90M |
| Current liabilities | |||||
| Accounts payable | 44.93M | 27.95M | 22.38M | 16.70M | 11.10M |
| Accrued expenses | 169,000 | 1.57M | — | 1.58M | 1.43M |
| Short term debt | 1.50M | 1.57M | 15.48M | 35.49M | 14.64M |
| Deferred revenue | — | — | — | 13.36M | — |
| Tax payable | — | — | — | — | — |
| Pensions | 8.55M | 9.04M | 10.55M | 4.99M | 8.92M |
| Other current liabilities | 32.32M | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | — | — | — | — | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | 5.72M | 29.35M | — | — | — |
| Other non current liabilities | 1.44M | 2.79M | 2.98M | 3.25M | 2.19M |
| Shareholders equity | |||||
| Common stock | 23,000 | 23,000 | — | — | — |
| Retained earnings | -240.45M | -182.09M | -781.62M | -679.13M | -590.74M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 129.34M | 277.09M | 68.40M | -27.00M | 38.80M |
| Additional paid in capital | 333.89M | 296.75M | — | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | 35.88M | 162.41M | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -180.12M | -141.57M | -102.49M | -88.39M | -71.11M |
| Depreciation | 2.56M | 2.70M | 2.20M | 2.08M | 2.61M |
| Deferred Taxes | — | — | — | — | — |
| Stock-Based Compensation | 16.24M | 9.33M | 6.44M | 3.72M | 4.04M |
| Other Non-Cash Items | -2.36M | 2.39M | 1.63M | 2.19M | 1.99M |
| Accounts Receivable | 1.07M | -6.37M | -2.04M | 18.04M | -2.72M |
| Accounts Payable | 18.25M | 2.99M | 5.89M | 6.49M | 1.17M |
| Other Assets & Liabilities | -5.70M | -2.17M | -13.76M | 11.99M | -1.50M |
| Operating Cash Flow | -150.06M | -132.71M | -102.14M | -43.88M | -65.53M |
| Investing Activities | |||||
| Capital Expenditures | -1.73M | -2.33M | -1.95M | -3.53M | -1.08M |
| Net Intangibles | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — |
| Purchase of Investments | — | -50.00M | — | — | — |
| Sale of Investments | — | — | — | — | — |
| Investing Cash Flow | -1.73M | -52.33M | -1.95M | -3.53M | -1.08M |
| Financing Activities | |||||
| Long-Term Debt Issuance | — | — | — | 23.00M | — |
| Long-Term Debt Payments | — | — | -47.20M | -3.00M | — |
| Other Financing Charges | — | 339.06M | — | — | — |
| Financing Cash Flow | 9.84M | 338.52M | 145.40M | 38.45M | 76.80M |
| Other Cash Details | |||||
| End Cash Position | 125.37M | 244.22M | 77.09M | 4.86M | 17.13M |
| Income Tax Paid | — | — | — | — | — |
| Interest Paid | — | — | 1.48M | — | — |
| Free Cash Flow | -184.98M | -150.94M | -101.11M | -50.76M | -67.49M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Global X Fds-Global X Uranium ETF | Nov 30, 2024 | 5,329,387 | 129.56M | 5.27% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 2,421,227 | 58.86M | 2.39% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 2,216,216 | 53.88M | 2.19% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,899,462 | 46.18M | 1.88% |
| VanEck ETF Trust-VanEck Uranium+Nuclear Energy ETF | Nov 30, 2024 | 1,431,390 | 34.80M | 1.42% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 1,284,063 | 31.22M | 1.27% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,281,466 | 31.15M | 1.27% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 809,519 | 19.68M | 0.80% |
| Invesco ETF Tr-Invesco Dorsey Wright Industrials Momentum ETF | Nov 30, 2024 | 785,399 | 19.09M | 0.78% |
| iShares Russell 2000 Growth ETF | Nov 30, 2024 | 711,035 | 17.29M | 0.70% |
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