Q4 EPS Forecast for NuScale Power Lowered by Analyst

Key Points

• Northland Securities cut its Q4 2026 EPS forecast for NuScale Power to a loss of $0.11 per share from a projected loss of $0.10; it estimates a $0.55-per-share loss for FY2027.
• NuScale reported a quarterly loss of $0.11 per share, slightly better than the $0.12 consensus, but revenue was just $0.28 million versus $3.66 million expected and fell 96.6% year over year.
• Analyst views remain mixed: NuScale has an average Hold rating and an $8.73 consensus price target, while several firms recently lowered their targets.

NuScale Power Corporation (NYSE:SMR - Free Report) - Analysts at Northland Securities dropped their Q4 2026 earnings per share (EPS) estimates for NuScale Power in a report issued on Friday, November 6th. Northland Securities analyst J. Grampp now expects that the company will post earnings per share of ($0.11) for the quarter, down from their previous forecast of ($0.10). The consensus estimate for NuScale Power's current full-year earnings is ($0.59) per share. Northland Securities also issued estimates for NuScale Power's FY2027 earnings at ($0.55) EPS.

NuScale Power (NYSE:SMR - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The company had revenue of $0.28 million for the quarter, compared to analysts' expectations of $3.66 million. NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. NuScale Power's revenue for the quarter was down 96.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.85) earnings per share.

Several other research firms also recently weighed in on SMR. Weiss Ratings reiterated a "sell (d-)" rating on shares of NuScale Power in a report on Monday, September 21st. Cantor Fitzgerald lowered their price target on NuScale Power from $20.00 to $15.00 and set an "overweight" rating for the company in a research report on Friday. B. Riley Financial dropped their price objective on NuScale Power from $15.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, October 28th. Barclays downgraded NuScale Power from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $11.00 to $5.00 in a report on Tuesday, October 20th. Finally, Canaccord Genuity Group decreased their target price on NuScale Power from $15.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, NuScale Power currently has an average rating of "Hold" and a consensus target price of $8.73.

NuScale Power Stock Performance

NuScale Power stock opened at $5.46 on Tuesday. The company's 50 day simple moving average is $7.37 and its 200-day simple moving average is $10.49. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of -4.63 and a beta of 2.42. NuScale Power has a 1 year low of $4.28 and a 1 year high of $32.09.

Insider Transactions at NuScale Power

In other news, CFO Robert Hamady sold 20,000 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $7.89, for a total transaction of $157,800.00. Following the completion of the transaction, the chief financial officer directly owned 144,235 shares of the company's stock, valued at approximately $1,138,014.15. The trade was a 12.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shinji Fujino sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total transaction of $177,200.00. Following the sale, the director owned 17,242 shares in the company, valued at $152,764.12. The trade was a 53.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,880 shares of company stock worth $615,573 in the last ninety days. 1.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMR. Renaissance Technologies LLC purchased a new position in NuScale Power during the first quarter worth $59,141,000. Bank of America Corp DE boosted its position in shares of NuScale Power by 33.4% in the first quarter. Bank of America Corp DE now owns 2,062,232 shares of the company's stock worth $22,355,000 after acquiring an additional 516,097 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of NuScale Power during the 1st quarter valued at $4,336,000. Empowered Funds LLC purchased a new stake in NuScale Power during the first quarter valued at about $1,404,000. Finally, Corient Private Wealth LP increased its position in NuScale Power by 1,495.8% during the 2nd quarter. Corient Private Wealth LP now owns 338,023 shares of the company's stock worth $3,390,000 after purchasing an additional 316,841 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company's stock.

More NuScale Power News

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: A rally across nuclear developers lifted NuScale in afternoon trading, providing a near-term boost after a steep decline in 2026. The article cautions that one stronger session does not establish that the selloff has ended. NuScale Is Still Down 61% in 2026: Did Today Mark the Bottom for SMR Stock?
• Neutral Sentiment: Management has described a shift from development toward physical production, but the commercial recovery still depends on securing customers and binding agreements. NuScale Jumps 16% as CEO Hails Shift “From Development to Physical Production”
• Negative Sentiment: Talks with the Tennessee Valley Authority over a potential power purchase agreement remain prolonged, with no binding terms or public timeline. Because management has linked commercial progress to a TVA deal, the uncertainty weighs on the recovery outlook. NuScale’s latest reported quarter also showed revenue of about $281,000, underscoring the gap between its plans and current sales. NuScale Power (SMR) Recovery Now Rests On Unfinished Power Purchase Talks
• Negative Sentiment: Several analysts have reduced price targets, including Cantor Fitzgerald, which cut its target to $15 from $20 while retaining an Overweight rating; Citigroup and RBC also trimmed their targets. The reductions reflect more cautious expectations, even as some analysts remain constructive. NuScale Has Lost 84% in a Year. Cantor Fitzgerald Still Sees $15

NuScale Power Company Profile

NuScale Power develops small modular nuclear reactor technology and related services for electric utilities, industrial companies, and government customers. Its NuScale Power Module is a factory-fabricated, water-cooled reactor designed to be deployed in groups, allowing plants to scale capacity to meet customer needs.

The company supports projects through engineering, licensing, design, and deployment services. Its VOYGR plant concept uses NuScale modules to provide electricity and can also support applications such as district heating, hydrogen production, and water desalination.

Founded in 2007, NuScale is based in Portland, Oregon, and pursues projects in the United States and international markets.

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