NuScale Stock Has Lost More Than Half Its Value in 2026, Its Worst Year Since 2023. Here's What Happened the Year After That One.
The last time the reactor developer's stock dropped this much, it more than quintupled the next year. Can it happen again?
NuScale Power's stock value plummeted by more than half in 2026, marking its worst year since 2023. This year began with a decline from $14.17 per share in 2025 to around $5 in 2026. The 2023 stock surge, with a 445% increase to $17.93, is worth revisiting. After suffering a 33% drop in 2023 due to the cancellation of the Carbon Free Power Project, NuScale implemented cost-cutting measures in 2024, laying off 28% of its workforce and reducing operating losses.
Cash reserves rose from $161.7 million to $446.7 million by year-end, thanks to additional shares sold and warrant exercises. However, revenue dipped significantly in 2026 compared to previous years, reaching $921,000 through September. This decline is attributed to the winding down of the Romania project and the expectation of a binding power purchase agreement between NuScale and ENTRA1 Energy, which could result in substantial cash inflows if fulfilled.
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