Is NuScale Power the Next Nuclear Energy Millionaire-Maker Stock?
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By Steven Porrello – Dec 10, 2025 at 11:31AMKey PointsNuScale Power has a regulator-approved reactor design, but it will need to build one to validate its technology. Revenue growth is expected, but there are many speculative aspects to its business at this stage.These 10 Stocks Could Mint the Next Wave of Millionaires ›NYSE: SMRNuScale PowerMarket Cap$6.0BToday's Changeangle-down(-4.55%) $0.97Current Price$20.35Price as of December 10, 2025 at 12:14 PM ETThe stock's latest slump may feel discouraging, but for investors who believe in the potential of small modular reactors, it could be an opportunity.In case you haven't noticed, the energy sector is undergoing a nuclear resurgence. Or, at least, it was. Prior to about mid-October, nuclear energy stocks, especially those of companies that are designing microreactors, were surging in value. Oklo, for instance, was up by about 700% on the year, while uranium enricher Centrus Energy was up by about 440%. Then came the reality check. Many of the companies with surging values were pre-revenue, speculative, unprofitable, posting disappointing results, and only viewed as valuable because they could possibly provide power to artificial intelligence (AI) data centers -- and that space, too, is increasingly viewed by some as being in a bubble. Since the mood shifted, nuclear stocks have taken a beating -- including one start-up that has already gotten its design for a small modular reactor (SMR) approved by the Nuclear Regulatory Commission. Yes, I'm talking about NuScale Power (SMR 4.55%).Advertisement ExpandNYSE: SMRNuScale PowerToday's Change(-4.55%) $-0.97Current Price$20.35Key Data PointsMarket Cap$6BDay's Range$19.77 - $20.6352wk Range$11.08 - $57.42Volume678KAvg Vol24MGross Margin64.95%Dividend YieldN/A Shares of NuScale are still up by about 22% on the year, but they're also down almost 10% year over year. For long-term investors who believe nuclear will be a key piece of our energy future, a buying window might be opening. But for this stock to be a millionaire maker, a few things will need to go right for the company. Image source: Getty Images. What needs to happen for NuScale to make early investors millionaires First, NuScale needs firm orders that turn its Nuclear Regulatory Commission-approved designs into actual construction. Although the company has secured agreements for future projects -- such as with the Tennessee Valley Authority -- none have put shovels into the ground yet. Its collaboration with RoPower to deploy small modular reactors in Romania is one bright spot. Third-quarter revenue increased significantly in part due to NuScale's involvement with that project, though it did report a larger-than-expected loss for the period. Analysts do expect revenue to grow from here over the next couple of years, as shown in the chart below. SMR Revenue Estimates for Current Fiscal Year data by YCharts. Additionally, NuScale has to prove that SMRs can compete on price with other methods of generating electricity, like natural gas plants and renewables. That could be especially challenging in these early years, as scaling up its operation could drive its costs higher. None of this means NuScale can't eventually deliver millionaire-maker returns. But investors will need to be patient, as the business has a long way to go.About the AuthorSteven Porrello is a contributing writer at The Motley Fool covering publicly traded companies in the materials, energy, and industrials sectors. Prior to The Motley Fool, Steven worked in the personal finance space and wrote for other financial publications. He holds a dual B.A. in English and Religion & Philosophy from LaGrange College and is pursuing an MFA from Rutgers University-Newark.TMFsaporrelloRead NextDec 4, 2025 •By Scott LevineWhy NuScale Power Stock Is Soaring TodayNov 26, 2025 •By Leo SunNuScale Stock Could Be a Hidden Gem for Nuclear Energy Investors in 2025Nov 26, 2025 •By Brett SchaferBetter Nuclear Play: NuScale Power vs. OkloNov 25, 2025 •By Scott LevineWhy NuScale Power Stock Is Plunging Down TodayNov 23, 2025 •By Scott LevineIf You Had Invested $100 in NuScale Power 1 Year Ago, Here's How Much You Would Have TodayNov 14, 2025 •By Scott LevineWhy Shares of NuScale Power Are Crashing This Week