NuScale Power obtained regulatory approval from the U.S. Nuclear Regulatory Commission for its two small modular reactor designs, clearing a major hurdle toward construction and commercialization. These approvals position the company to deploy SMR units in domestic power markets and pave the way for future licensing and sales.

The company secured a binding $6-7 billion contract with Romania’s Nuclearelectrica to deliver multiple SMR units, marking its largest order to date. The agreement covers project development, engineering, procurement and commissioning, with first units slated to come online in the late 2020s.

Despite operating at a loss since its 2022 public debut and enduring a 33% stock decline over the past year, NuScale Power has drawn bullish analyst forecasts. Projections of up to 140% upside reflect expectations for increased government funding, follow-on orders and robust long-term demand for clean nuclear energy.