Hamady Robert Ramsey sold 0 shares of SMR

Oklo (OKLO) and NuScale (SMR) shares rose 9% and 7% respectively, driven by Google's nuclear energy commitment. Oklo achieved operational milestones, while NuScale advanced reactor technology. Analysts rate Oklo a Moderate Buy with an $73.28 average target, and NuScale a Hold with an $11.32 target.

Shares of Oklo (OKLO), NuScale Power (SMR), X-Energy (XE), and Nano Nuclear Energy (NNE) rose on Tuesday following Google's 20-year nuclear power deal with Constellation Energy (CEG). The deal includes a five-year AI technology partnership. All four stocks are down year-to-date, with NNE having a Strong Buy consensus and an average price target of $39.17.

Google's deal with Constellation Energy to upgrade nuclear reactors boosted shares of small modular reactor developers. NANO Nuclear Energy (NNE) +8%, Oklo (OKLO) +8%, NuScale Power (SMR) +7%. Global X Uranium ETF (URA) rose 5%. All three companies are pre-revenue, with NuScale having U.S. regulatory certification.

NuScale Power (SMR) partners with ENTRA1 Energy to advance its small modular reactor technology, targeting power generation and other applications. ENTRA1 develops and finances projects, while NuScale supplies its approved reactor technology. The partnership aims for a potential 6 GW deployment with the Tennessee Valley Authority, which could be the largest nuclear deployment program in U.S. history.

NuScale Power (SMR) raised $985M in H1 2026, bringing cash to $1.1B. It reported $75K revenue vs. $227K COGS in Q2 2026, with $64M operational loss. The company aims to sell small modular nuclear reactors but lacks a first customer. It plans to raise up to $750M more via a stock program.

NuScale Power (SMR) reported a 89.7M share sale, increasing its diluted share count to 364.52M. The company authorized a new $750M equity program, highlighting its capital-intensive small modular reactor roadmap. Analysts forecast revenues of $442M and earnings of $49.7M by 2029, but dilution risks remain a concern.