Where Will NuScale Power Stock Be in 5 Years?

By Courtney Carlsen – Feb 15, 2026 at 8:24PM ESTKey PointsNuScale Power's stock has experienced significant fluctuations amid a nuclear energy resurgence.The company needs to establish a manufacturing supply chain to produce NuScale Power Modules at scale, which will require substantial capital investment.These 10 Stocks Could Mint the Next Wave of Millionaires ›NYSE: SMRNuScale PowerMarket Cap$4.0BToday's Changeangle-down(2.14%) $0.30Current Price$14.29Price as of February 13, 2026 at 3:58 PM ETThe small modular reactor (SMR) nuclear energy company is down 70% from its recent peak.NuScale Power (SMR +2.14%) stock has benefited from positive tailwinds surrounding the nuclear energy industry and taken investors for a roller-coaster ride. Last year, the stock peaked at $57 per share, but since then it has fallen 70%. NuScale is an early-stage small modular reactor company that will likely continue to experience significant price swings in the coming years as it establishes its business and operating model. For investors considering an investment in the nuclear energy company, here's what to watch for over the next five years. ExpandNYSE: SMRNuScale PowerToday's Change(2.14%) $0.30Current Price$14.29Key Data PointsMarket Cap$4.0BDay's Range$13.66 - $14.7752wk Range$11.08 - $57.42Volume1.2MAvg Vol27MGross Margin64.95% NuScale Power has its work cut out for it over the next few years NuScale is in its early stages, and one of the most important things it needs to do is secure firm contract agreements. The company has entered into some high-profile partnerships, but many are non-binding or memoranda of understanding (MOU) that lack firm commitments. For example, NuScale's RoPower project in Romania aims to deploy six NuScale Power Modules. It is the company's only active major project since its Carbon Free Power Project in Idaho was cancelled in 2023 due to ballooning costs. Shareholders of Romanian nuclear operator Nuclearelectrica (which is a joint owner in RoPower) have approved the Final Investment Decision (FID), on the condition that it would test one 77MW reactor first, then move forward with the final five units if the trial is successful. The FID is a big step forward for NuScale; however, the facility likely won't be operational until at least July 2033, a pushback from its original 2030 timeline. The company also has an MOU with the Tennessee Valley Authority (TVA) through its partnership with ENTRA1 Energy. As part of this agreement, NuScale would develop up to 6 gigawatts (GW) of capacity for the TVA. Again, this agreement is non-binding, but it has triggered significant financial liabilities under its Partnership Milestones Agreement (PMA) with ENTRA1. In the third quarter, NuScale took an expense of $495 million related to this. Image source: Getty Images. On top of this, NuScale needs to establish a manufacturing supply chain and demonstrate that it can produce its NuScale Power Modules at scale in a factory setting. Building out these facilities will require significant capital, and management has noted that total payments for large projects could exceed billions of dollars before operations begin. NuScale is a risky, early-stage company NuScale faces competition from up-and-coming companies and more established competitors. Oklo is an upstart company that uses liquid-metal cooling and plans to run on recycled nuclear fuel. Meanwhile, GE Vernova is more established and has its GE Hitachi BWRX-300, which was selected by the TVA for its Clinch River site, and is further along than NuScale's project with the TVA. NuScale Power has its work cut out for it. It still needs to lock in firm commitments for its technology, and even then, it will take several years before it has commercial operations. While its technology is intriguing and could change the way nuclear power is deployed, it is still years away from operating. For that reason, most investors are best off avoiding the stock for now.Read NextFeb 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 CrashedFeb 6, 2026 •By Johnny RiceWhy NuScale Power Stock Jumped Nearly 24% to Start 2026Feb 2, 2026 •By Reuben Gregg BrewerIs NuScale Power the Next Nuclear Millionaire Maker -- and a Future Dividend Giant?Feb 2, 2026 •By Steven PorrelloCould Buying NuScale Power Stock Today Set You Up for Life?About the AuthorCourtney Carlsen is a contributing Motley Fool stock market analyst covering financial, real estate, industrial, and energy stocks.

Before The Motley Fool, Courtney was a lead senior auditor for the State of Florida. He holds a master’s degree in accounting from the University of Florida.TMFCourtCarlsenStocks MentionedNuScale PowerNYSE: SMR$14.29 (+2.14%) $+0.30*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.