Is NuScale Power the Next Nuclear Millionaire Maker and Future Dividend Giant?

By Brett Schafer – Feb 21, 2026 at 11:45AM ESTKey PointsNuScale Power is trying to commercialize small modular nuclear reactors. The company has a design approved by regulators, but still no customers as of yet. Its lack of growth and huge cash burn during the AI boom should be a warning to investors. These 10 Stocks Could Mint the Next Wave of Millionaires ›NYSE: SMRNuScale PowerMarket Cap$3.8BToday's Changeangle-down(-8.20%) $1.20Current Price$13.44Price as of February 20, 2026 at 4:00 PM ETThe start-up is trying to bring small modular reactors to the mainstream.Nuclear power is undergoing a renaissance. Electricity generation demand is growing like a weed due to the artificial intelligence (AI) boom, and investors are looking for the right horse to bet on in the race. Some have been drawn to NuScale Power (SMR 8.20%), a new-age nuclear power company seeking to kick-start the small modular reactor (SMR) industry. Shares of NuScale Power went from a low of around $2.50 in late 2023 to a high of $60 last year. Today, the stock has dipped back down below $15. Does that make it the next buy-the-dip candidate and a potential nuclear millionaire maker? ExpandNYSE: SMRNuScale PowerToday's Change(-8.20%) $-1.20Current Price$13.44Key Data PointsMarket Cap$3.8BDay's Range$13.33 - $14.5652wk Range$11.08 - $57.42Volume26MAvg Vol26MGross Margin64.95% New methods for nuclear power An unfortunate downside of the traditional nuclear power industry is the massive up-front capital costs. It may take billions or tens of billions of dollars to build a large nuclear power plant, which can be profitable but requires significant backing from governments, utilities, or large corporations ahead of time. NuScale Power has designed a system that is much smaller and modular, meaning it can be manufactured for lower electricity needs and then scaled up as electricity demand grows. It has even had some of its designs approved by the Nuclear Regulatory Commission (NRC), making it one of the few companies in the world to pass this intense regulatory scrutiny. The idea is that NuScale Power will help utilities grow their nuclear power capabilities. With AI, electricity demand around the globe is driving potentially hundreds of billions of dollars of incremental spending a year on electric power, which could prove to be a boon to a company like Nuscale Power. Image source: Getty Images. A story stock with a lack of underlying financial results The problem with NuScale Power, and what should concern investors, is the lack of contract wins for the business. If there were truly an indefinite demand for nuclear electricity in this time of massive industry bottlenecks, you would think NuScale Power would be winning contracts left and right, especially because its reactor design has been approved by the NRC. In fact, NuScale Power has won zero contracts related to actually building nuclear reactors for customers. It has won some exploratory deals, which drive a little revenue, but nothing substantial. It previously had a contract in Utah, but it was cancelled due to cost overruns. In what is perhaps the best time to be in the power business in history, NuScale Power cannot win a single deal. This should be a flashing alarm to investors. With close to zero revenue, huge free cash burn, and a rapidly rising share count, NuScale Power stock looks like the opposite of a millionaire maker.Read NextFeb 20, 2026 •By Steven PorrelloCould This $14 Stock Be Your Ticket to Millionaire Status?Feb 18, 2026 •By Justin PopeIs NuScale Power Stock a Buy Now?Feb 15, 2026 •By Courtney CarlsenWhere Will NuScale Power Stock Be in 5 Years?Feb 15, 2026 •By Steven PorrelloShould You Invest $500 in NuScale Power Right Now?Feb 11, 2026 •By Courtney CarlsenWashington Is Pouring Billions Into Nuclear Energy.

Does That Make NuScale Power a Buy?Feb 11, 2026 •By Rich SmithWhy NuScale Power Stock Just CrashedAbout the AuthorBrett Schafer is a contributing Motley Fool stock market analyst covering consumer goods, financials, technology, and industrials. Brett is a self-taught investor and has hosted the Chit Chat Stocks podcast since 2018. He previously worked as a lab engineer for science laboratories. He holds a bachelor’s degree in mechanical engineering with minors in finance and mathematics from Washington State University. His lab work on Major League Baseball’s juiced ball problem was featured in The Wall Street Journal and other national outlets.TMFBrettSchaferX@CCM_BrettStocks MentionedNuScale PowerNYSE: SMR$13.44 (8.20%) $1.20*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.