NuScale Power Soars 11% as SMR Enthusiasm Persists Despite Broader Market Slump

NuScale Power shares climbed roughly 11% during Monday morning trading, reaching as high as $10.77, as renewed investor enthusiasm for small modular reactor companies swept through the nuclear power sector, even as U.S. equities traded broadly lower. No company-specific press release or analyst action was identified as the trigger, pointing instead to a sector-wide momentum move that has repeatedly lifted SMR stocks throughout 2026, supported by structural demand themes including AI data center power consumption and bipartisan political backing for advanced nuclear deployment.

This advance shows the characteristics of catch-up buying. NuScale had touched a 52-week low of $7.21 in July 2026, leaving it significantly more discounted compared with peers such as Oklo and Nano Nuclear Energy heading into today’s session. The company’s fundamental underpinning remains intact: as of the end of the second quarter of 2026, NuScale reported approximately $1.89 billion in cash and investments and carried zero debt, providing a long runway to commercialization even as revenue stays minimal and losses persist.

The broader market offered no tailwind today, with the S&P 500 down 0.3%, the Nasdaq slipping 0.3%, and the Dow falling 0.9% — underscoring that the SMR sector is moving on its own momentum rather than macroeconomic support. Peer SMR companies have seen repeated sector-wide rallies this year, driven by milestones such as Oklo’s Groves reactor reaching first criticality in August 2026 and a growing pipeline of technology-sector power purchase agreements, all of which have kept nuclear sentiment positive.

Taken together, NuScale’s deeply discounted valuation relative to its SMR peers, its unmatched regulatory position as the first and only NRC-certified SMR developer, and the persistent sector enthusiasm around next-generation nuclear power combined today to produce an outsized move that stands in sharp contrast to the broader market’s cautious tone.

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