NuScale Power Is Down 38% This Year: Here's What the Next 5 Years Could Look Like

NuScale Power's stock has declined 38% in 2026 despite having the only NRC-approved small modular reactor design. While the company has secured partnerships and contracts (including 6 gigawatts from Tennessee Valley Authority), its projects won't generate revenue until 2030, missing the current AI data center boom. With negative free cash flow of $750 million and negligible revenue, the stock faces significant headwinds.