Hamady Robert Ramsey sold 0 shares of SMR

Holtec International canceled its $900M IPO due to market sentiment shifts, particularly in AI data centers. The company plans to retry in 3-6 months. NuScale Power (NYSE:SMR) and Oklo (NYSE:OKLO), both down 45% and 50% this year, may benefit from rising government support for SMRs, including a recent U.S. House bill and EU loans.

Oklo (OKLO) and NuScale Power (SMR) shares rose 13% and 10% respectively after the House passed a bill requiring data centers to fund their own power infrastructure. The Uranium ETF (URA) gained 4%, lagging behind the two reactor developers. Both companies are pre-revenue and down significantly year-to-date, with the rally seen as a policy-driven bounce.

UBS downgraded NuScale Power (SMR) to 'Sell' with a $6 price target, citing competition, long build timelines, and cash burn. The bank expects $924M revenue by 2030 but negative earnings. Analysts are divided, with an average $13.22 target. NuScale shares fell 13.2%.

NuScale Power (SMR) is close to finalizing a deal with the Tennessee Valley Authority (TVA) for up to 6 gigawatts of nuclear power, which could significantly boost U.S. nuclear energy production. The company's CEO expressed optimism, but the deal is not yet final, and NuScale's stock has declined 75% over the past year. The company reported minimal revenue in Q2 but has substantial cash reserves.

Shares of NuScale Power (SMR), Oklo (OKLO), and Nano Nuclear Energy (NNE) rose in pre-market trading after EPA Administrator Lee Zeldin highlighted small modular reactors as key to U.S. energy dominance. Zeldin's comments align with Trump's executive order to streamline nuclear regulations. SMR gained 5%, while OKLO and NNE each rose 2%.

Vistra (VST) and NRG (NRG) rose 0.9% and 1.6% respectively, while NuScale (SMR) fell 15.8% after UBS downgraded it, citing delays and financial risks. UBS questioned NuScale's commercialization timeline and customer commitments, leading to a broader nuclear sector selloff. Vistra and NRG benefited from their current earnings and diversified power strategies.