NuScale Stock Closed at Its Lowest Level Since May 2024. Is It Finally a Buy?
Most of the reactor developer's share price is now cash. Does this make the stock cheap?
Since reaching a record high of $53.43 in October 2025, NuScale Power's shares have plummeted to a mere $5.69 as of Monday, marking an 89% decrease - the stock's lowest close since May 2024. The decline is significant, with the stock down approximately 60% for 2026, including a 26% drop from its October 7 close of $7.67. At current prices, most of what a buyer pays is cash, a stark contrast to the company's substantial cash reserves.
As of June 30, 2026, NuScale held $1.9 billion in cash, cash equivalents, and short- and long-term investments, amounting to about 78% of Monday's closing price. Furthermore, the company's filing for a new stock offering valued its net tangible book value at $4.63 per share. Despite the low share price, NuScale has raised a substantial amount through its most recent offering, spurring concerns over the potential impact of further share issuances on the stock's value.
It's clear that NuScale's financial health is supported by substantial cash reserves, but the future trajectory of the stock hinges on managing cash flow effectively and navigating the terms of its partnership with ENTRA1 Energy.
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