NuScale Power: 1 Catalyst That Will Make or Break This Nuclear Stock

NuScale Power's stock has plummeted 40% this year, despite the promising potential of nuclear power in the age of AI. The company is the sole U.S. developer of small modular reactors (SMRs), which are more cost-effective and quicker to construct than traditional nuclear plants. NuScale's technology has secured regulatory approval, and the company has inked non-binding agreements with a financing partner and a major U.S. utility, the Tennessee Valley Authority.

However, the ultimate decision-maker is the TVA's commitment to purchasing power from the project, in the form of a long-term power purchase agreement (PPA). If secured, a PPA would validate NuScale's designs, market approach, and ability to turn non-binding deals into revenue-generating projects. With a small window closing by the end of 2026, NuScale's stock may experience significant movement depending on whether or not a PPA is reached.