NuScale Power's 80% Stock Drop: A Potential Buying Opportunity for Long-Term Investors

NuScale Power (NYSE: SMR) has seen its stock price fall sharply from a high of $53.43 in October 2025 to around $10 as of April 2026. While the decline has been painful for recent investors, it may present a strategic entry point for those with a long-term perspective. The company specializes in small modular reactors (SMRs), which are smaller, prefabricated nuclear units designed for easier and more cost-effective deployment compared to traditional reactors. NuScale's SMRs, which can fit into vessels 65 feet high and nine feet wide, are currently in the design and licensing phase. The company's first SMR deployment is not expected until the early 2030s. Despite the current lack of operational reactors, NuScale has secured contracts for front-end engineering and design (FEED) studies, including a 462 MW plant in Romania and a potential 6 GW deployment across seven U.S. states for the Tennessee Valley Authority (TVA). These projects, while not yet generating power, are contributing to the company's current revenue. Analysts project that NuScale's revenue could rise from $31 million in 2025 to $331 million in 2028 as it secures more contracts and licensing agreements. The global SMR market is also expected to grow significantly, with a potential value of $5.2 billion by 2035, according to Research and Markets. If NuScale maintains its first-mover advantage, it could see substantial revenue growth in the 2030s once its reactors come online. The company's current market cap of $3.2 billion may appear high relative to 2025 sales, but at 10 times projected 2028 sales, it could be considered reasonably valued. The recent stock decline, while challenging for short-term holders, may offer a more attractive entry point for investors willing to wait for the long-term potential of SMR technology.