NYSE · SMR small modular reactor · ENTRA1/TVA 6GW
NuScale Power
A US SMR firm with an NRC-certified module targeting utility and datacenter power. Via its commercialization partner ENTRA1 it pursues up to 6GW with the TVA (the largest SMR program in US history) and is in talks with datacenter operators. $1.3B liquidity at end-2025. With Oklo, an SMR axis.
SMR Updated Jul 12, 2026 4 AI consumers· 1 recurring
Per the valuechain.wiki graph, NuScale Power is directly linked to 2 companies (2 supply, 0 revenue relationships) and reaches 3 companies within two hops; the links are backed by 8 dated sources, 2 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · ENTRA1/TVA up to 6GW
- Customer concentration · Datacenter/utility SMR; pre-commercial.
- Segments · SMR module (NRC-certified) · Power services
Revenue from
- Utilities · data centers · TVA (SMR) High confidence
SMR power to TVA, utilities and datacenters (up to 6GW via ENTRA1).Confirms EN NuScale Power Published Oct 29, 2025: NuScale Supports ENTRA1's $25B Agreement (TVA up to 6 GW)Confirms EN SEC EDGAR (NuScale 8-K) Published May 29, 2025: NuScale 8-K — NRC Standard Design Approval (77 MWe); ENTRA1 exclusivity - Government · overseas (SMR · FEED) Medium confidence
US pilot program and overseas FEED (Romania).
Pays to
- Doosan Enerbility (forging · modules) High confidence
Doosan Enerbility is NuScale's main module/forging manufacturer (reactor modules, pressure vessels, large forgings) and an equity investor (~$104M).Confirms KO Energy Economy Published Sep 3, 2025: Doosan Enerbility named manufacturing partner for NuScale SMR main equipmentConfirms KO Newswire Published Apr 26, 2022: Doosan Heavy Industries to manufacture upper forgings for NuScale SMR reactor - Quanta Services Medium confidence
Contracts SMR-plant electrical construction to Quanta and others. - Forging · EPC · R&D (undisclosed) Low confidence
Module forging, EPC (Fluor) and R&D.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| NuScale Power | node | · | · | -67.9 | +445 | -21 | -36.2 |
| Quanta Services | benef1 | +59.5 | +24.6 | +51.7 | +46.6 | +33.7 | +56.1 |
| Doosan Enerbility | benef1 | +57 | -5.6 | -7.5 | +54.8 | +279.1 | -13.8 |
| Doosan Bobcat | benef2 | +25.7 | -2.3 | +48.5 | -1 | +25.1 | +8.5 |
YTD as of 2026-07-10 · source: Yahoo Finance
A US SMR firm with an NRC-approved (77 MWe) module targeting utility and datacenter power, where — being pre-commercial — order and licensing milestones move the stock more than earnings. Via commercialization partner ENTRA1 it pursues up to 6 GW with the TVA (a ~$25B, largest-ever US SMR program) and is in talks with datacenter operators, with AI power demand the core engine of the SMR story. Risks are the pre-revenue stage and licensing/schedule slippage, cushioned by $1.3B liquidity at end-2025. On the graph, major equipment (reactor modules, forgings) comes from Doosan Enerbility (fabrication partner and ~$104M equity investor) and EPC from Fluor and Quanta Services.
Analysis generated from returns as of 2026-07-09Analyst ratings
Consensus: Buy 1 · Hold 1 · Sell 1 · Avg. target $13 · Price $9.04 (07-10) · Upside +44%
| Broker | Rating | Target | Published | |
|---|---|---|---|---|
| Citigroup | Sell | $7 | May 11, 2026 | Report ↗ |
| B. Riley Securities | Buy | $19 | Apr 24, 2026 | Report ↗ |
| HSBC | Hold | $13 | Apr 23, 2026 | Report ↗ |
Wall Street is split: Citi sticks to Sell ($7) on the lack of firm orders and dilution risk, while B. Riley stays Buy ($19) and HSBC sits at Hold ($13).