NuScale Power Stock Barely Budged After Earnings. Time to Buy?
2026-08-10 14:30
•Ryan Vanzo •The Motley Fool
••••• • Axe Cap view
NuScale Power’s Earnings Miss: Wait for the Catalyst
Despite a dismal quarter, NuScale’s promise hinges on a power purchase deal later this year.
NuScale Power’s Q2 numbers were abysmal—$80,000 revenue and losses per share—yet the share price didn’t budge. That’s because investors aren’t buying today’s results; they’re betting on an imminent power purchase agreement (PPA) expected by year-end. If that deal goes through, construction could start and unlock real value in a sector getting renewed interest due to the surge in AI data centers needing cleaner energy. For South Africans, the takeaway is less about NuScale directly and more about how emerging nuclear tech could eventually influence energy markets globally. The rand’s performance might respond to shifts in global commodity markets or energy prices tied to innovation in power generation. Until then, this is a wait-and-see story, with huge upside if the PPA happens but heavy risk if it doesn’t. this is just our opinion and not financial advice
Avoid buying NuScale now; wait to confirm the PPA milestone before committing funds. Consider watching USD/ZAR, as successful nuclear deals abroad could dampen global energy risk and stabilize the rand.
- SMR
- USD/ZAR
- Failure to secure power purchase agreement
- Delays in project construction or regulatory approvals
5/10
NuScale Power reported disappointing Q2 2026 earnings with revenue of just $80,000 (missing estimates by 93%) and a $0.13 loss per share, yet the stock remained flat. While current results are minimal, investors are watching for a potential power purchase agreement (PPA) by end of 2026 that could trigger construction and significantly boost the stock. The company operates in a growing nuclear energy market driven by AI data center demand, but has yet to break ground on any projects pending customer payment commitments.
Our take is based on reporting first published by The Motley Fool.