Meta’s 6.6 GW AI Nuclear Deal Propels NuScale Power Shares Up 7%
NuScale Power’s 77 MW SMR module received NRC standard design approval in May 2025, making it the only company with multi-module SMR certification. Shares rose over 7% after Meta Platforms’ 6.6 GW AI data-center nuclear power deal lifted the sector, spurring hopes NuScale will land its own hyperscaler contracts.
1. Sector Rally Spurs 25% Weekly Gain for SMR
Shares of NuScale Power rallied more than 25% over the past week as the broader nuclear energy sector reacted to Meta Platforms’ announcement of a 6.6-gigawatt power commitment for AI data centers. Although NuScale Power was not included in Meta’s three-company partnership, the company’s stock benefited from sector-wide inflows. Data from S&P Global Market Intelligence show that SMR shares, which had been consolidating near $20 per share, outperformed peers with lower trading volumes of approximately 2.1 million shares daily versus a 26 million-share average for the sector. Investors cited NuScale’s 100% five-year gain despite minimal revenue and a certified SMR design as reasons for the stock’s sharp rebound.
2. Analyst Upgrade Signals 42% Upside Potential
Bank of America analyst Dimple Gosai upgraded NuScale Power shares from underperform to neutral and set a new price target implying more than 42% upside from the previous closing level. The revised forecast reflects confidence in NuScale’s NRC-certified small modular reactor designs and its framework agreement with the Tennessee Valley Authority for potential multi-gigawatt deployments. Gosai noted that the 77-megawatt module received certification in May 2025, reducing project execution risk and narrowing SMR technology’s time-to-market compared with traditional reactors.
3. Regulatory Edge and Commercial Challenges
NuScale Power holds the only NRC standard design approvals in the U.S. for SMRs, with a 50-megawatt design certified in early 2023 and a 77-megawatt version approved in May 2025. Its VOYGR plant concept can scale up to six modules for 462 megawatts with passive safety systems relying on natural convection. Despite this lead, NuScale has yet to sign a binding construction contract or generate significant SMR revenues. Its largest current revenue source is front-end engineering and design work for a planned 462 megawatt plant in Romania, with a final investment decision expected this year. Analysts project only $40 million in revenue and a $360 million net loss in 2025, with revenue climbing to $293 million by 2027 if key projects proceed on schedule.