Is NuScale Power Stock a Buy After September Slump?
NuScale Power (SMR) shares fell 14.8% in September 2026, down 55% YTD. UBS downgraded it to sell with a $6 price target, citing cash burn and competition. Q2 revenue dropped 99% to $75k, with a $65M operational loss. NuScale plans to sell up to $750M in new stock. Investors await Q3 earnings for contract updates.
How this was made

The 30-second read
Why it matters
The downgrade and price‑target cut are fresh catalysts that have already moved the stock, suggesting further downside unless a contract materializes.
Market read
The news directly impacts SMR and related nuclear tech stocks, with potential spillover to the broader clean‑energy sector.
What to watch
Potential upside from government nuclear funding programs and long‑term strategic partnerships.
Background
NuScale Power, a small modular reactor developer, has seen its share price tumble 55% year‑to‑date amid cash‑burn concerns and a recent UBS downgrade.
Ticker impact
UBS analyst downgraded NuScale Power to sell and cut the price target to $6, triggering a >15% share drop on Sep 11.
downward pressure as investors price in cash‑burn concerns and lack of contracts
The downgrade was issued today with an immediate 15% price drop; analysts cite cash‑burn and no firm customer commitments.
Market effects
SMR sector faces heightened scrutiny as peers with stronger balance sheets gain relative appeal.
U.S. small‑cap nuclear energy stocks may see broader sell‑offs.
Limited to investors tracking clean‑energy and nuclear technology themes.
Counterpoint
If NuScale secures a binding TVA contract before the next earnings call, the stock could rebound sharply.
Key entities
- CompanyNuScale Power
SMR developer listed on NYSE under SMR.
- Analyst FirmUBS
Issued the downgrade and price‑target reduction.



