NuScale Power Receives Historic NRC Certification, Becomes First Small Modular Reactor Design Cleared for Deployment in US
January 27, 2023
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NUSCALE ($NYSE:SMR): NuScale Power, a leading provider of small modular reactor (SMR) technology, has achieved a historic milestone as it became the first SMR design to be certified by the U.S. Nuclear Regulatory Commission (NRC). The ruling, which goes into effect on February 21, will enable applicants seeking NRC approval to build power plants based on NuScale’s technology by referring to the SMR design in their licenses. This groundbreaking development marks a major step forward for the nuclear industry and NuScale Power in particular. It has made significant strides in its efforts to bring nuclear power to more communities globally, and the NRC certification paves the way for NuScale’s future growth. NuScale’s SMR technology is designed to provide power to communities that don’t have access to traditional sources of energy. It is modular in nature, meaning that it can be easily scaled up or down depending on the power needs of a particular community.
This makes it particularly well suited for rural and remote communities, where access to the grid is limited. The technology is also designed to be more efficient and cost-effective than traditional nuclear reactors, making it an attractive option for those looking to reduce their energy costs. The certification of NuScale’s SMR design is a major milestone for both the company and the nuclear industry. It will open up new opportunities for both existing and emerging nuclear power plants, while also providing a cost-effective and reliable source of energy for communities around the world. NuScale Power is now well positioned to bring clean, safe, and affordable nuclear energy to those who need it most.
Price History
On Friday, NuScale Power, an American nuclear energy company, received a historic certification from the Nuclear Regulatory Commission (NRC). This certification makes NuScale Power the first small modular reactor (SMR) design to be cleared for deployment in the United States. This certification is a major milestone for NuScale Power, as it allows the company to move forward with its plans to build SMRs in the US. SMRs are smaller than traditional nuclear power plants, and they are designed to be safer and more efficient. They are also less expensive to build and operate than traditional reactors.
This certification is an important step forward in the development of nuclear power in the US and could provide a boost to the nuclear energy industry. NuScale Power’s stock opened at $10.4 on Friday and closed at $10.3, down by 1.0% from prior closing price of 10.4. Despite this slight decline, the historic NRC certification is a major win for the company and could prove to be a catalyst for further growth. With this certification, NuScale Power is now well positioned to become a leader in the US nuclear energy industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nuscale Power. More…
| Total Revenues | Net Income | Net Margin |
| 1.61 | -99.53 | -6177.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nuscale Power. More…
| Operations | Investing | Financing |
| -96.32 | -2.04 | 196.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nuscale Power. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 156.16 | 61.21 | – |
Key Ratios Snapshot
Some of the financial key ratios for Nuscale Power are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -6053.8% |
| FCF Margin | ROE | ROA |
| -6105.5% | -179.4% | -39.0% |
VI Analysis
Investors looking to benefit from potential long-term growth may be interested in NUSCALE POWER. The company’s fundamentals are strong in terms of assets and growth, but weak in terms of dividend and profitability. As a result, the VI Star Chart assigns it a health score of 8/10 for its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. NUSCALE POWER has been classified as a ‘cheetah’, meaning that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This kind of company may appeal to investors looking for short-term growth opportunities, as well as those seeking to benefit from the potential of long-term growth. Those looking for a more secure investment may choose to look at other options, as NUSCALE POWER is rated as less stable due to its lower profitability. However, those willing to take on more risk may be attracted to the potential rewards that come with investing in NUSCALE POWER. It is important to keep in mind that any investment carries some degree of risk, so it is important to conduct due diligence before deciding whether NUSCALE POWER is right for you. More…
VI Peers
The company’s small modular reactors are based on a unique reactor design that is scalable and can be used in multiple applications. NuScale’s reactors are safe, economic, and clean energy solutions that can be used in a variety of settings, including power generation, desalination, and process heat. NuScale Power Corp is in competition with Vinacomin – Power Holding Corp, Ocean Thermal Energy Corp, and Hengsheng Energy Co Ltd. All of these companies are working to develop and commercialize small modular nuclear reactor technology. NuScale Power Corp has the advantage of being the first company to receive design certification from the US Nuclear Regulatory Commission for its small modular reactors.
– Vinacomin – Power Holding Corp ($HNX:DTK)
Ocean Thermal Energy Corp’s market cap of 2.01M as of 2022, a Return on Equity of 6.05%. The company is focused on the development and commercialization of ocean thermal energy conversion (OTEC) technology. OTEC is a renewable energy technology that converts the thermal energy of the ocean’s warm surface waters into electricity.
– Ocean Thermal Energy Corp ($OTCPK:CPWR)
Hengsheng Energy Co Ltd is a Chinese energy company with a market cap of 2.36B as of 2022. The company’s Return on Equity is 13.12%. Hengsheng Energy Co Ltd is engaged in the upstream oil and gas exploration and production business. The company has operations in the Bohai Bay region of China.
Summary
NuScale Power has recently been granted historic Nuclear Regulatory Commission (NRC) certification for its small modular reactor design, making it the first such design to be cleared for deployment in the United States. This approval is becoming increasingly important for investors as the country looks to nuclear energy as a more sustainable solution to power generation. The NRC’s approval also gives NuScale more credibility in the market which could lead to increased investor confidence.
With a potential low upfront cost, NuScale’s design could make way for more cost-effective investment opportunities. As nuclear energy becomes a more viable option with the approval of NuScale’s technology, investors should consider investing in the company.
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