NuScale Secures Romania and TVA SMR Contracts; Stanmore Logs Record Coal Output
NuScale secured SMR contracts with Romania and TVA but won’t deploy reactors until the early 2030s, trading at 19x projected 2027 sales versus Oklo’s 600x. Stanmore Resources delivered record 20.5 Mt run-of-mine coal, posted a $47.2 M net loss on $1.9 B revenue, and lifted its dividend to 8.9 USc.
1. SMR Market Competition Between NuScale and Oklo
NuScale Power has taken an early lead in securing small modular reactor (SMR) contracts with Romania and TVA, yet its first deployments are not expected until the early 2030s. The stock trades at 19x projected 2027 sales, far below Oklo’s 600x valuation, though Oklo aims to begin revenue generation with its microreactors by late 2027, presenting nearer-term catalysts.
2. Stanmore Resources Delivers Record Production Despite Loss
Stanmore Resources achieved record full-year run-of-mine production of 20.5 million tonnes and 14 million tonnes of saleable coal despite severe weather disruptions. Revenues totaled $1.9 billion, down on a 21% price decline, resulting in a $47.2 million net loss; underlying EBITDA reached $385 million, free cash flow was $296 million, and the quarterly dividend was increased to 8.9 US cents per share.