After an 83% Correction, Where Will NuScale Power Stock Be in 3 Years?

NuScale Power has whipsawed investors, rocketing 1,800% through 2024 before collapsing 83% from its summer 2025 peak. The small modular reactor developer faces a pipeline clouded by project delays and cancellations, with no operational facilities expected before 2030.

The company's SMR technology targets the surging power demands of AI data centers, a sector driving utility-scale energy partnerships across the nuclear sector. Yet NuScale's ability to convert its orderbook into revenue hinges on execution risk that has already triggered cancellations. The stock's extreme volatility—a near-twentyfold gain followed by an 83% drawdown—reflects deep uncertainty over whether the company can deliver commercial reactors on time and on budget.

With no facilities slated to go live this decade, NuScale remains a pure-play bet on its pipeline and regulatory progress. Investor confidence will depend on the company's ability to avoid further delays and prove it can move from engineering promises to operational cash flow.