NuScale Power climbs as nuclear trade regains momentum

NuScale Power Corporation (SMR) is up 7.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a sector-wide rebound in small modular reactor stocks rather than a single major company-specific announcement. This could be because investors are rotating back into nuclear names tied to long-term electricity demand themes, while NuScale also gave the market a fresh reminder of its upcoming quarterly reporting timeline.

Details:

NuScale posted a new company announcement on October 6, 2026 saying it will hold its third-quarter 2026 earnings conference call, which can help bring investor attention back to the stock.

In its latest quarterly update, the company said it ended the second quarter with about $1.9 billion in cash, cash equivalents, and investments, giving it a sizable liquidity cushion as it works toward commercialization.

Management has continued to frame NuScale as the only U.S. small modular reactor developer with Nuclear Regulatory Commission design certification, which remains a key part of the investment case.

Recent market commentary has described past sharp moves in SMR shares as momentum-driven and tied to broader enthusiasm for advanced nuclear power, AI-related electricity demand, and catch-up buying after the stock traded well below prior highs.

Sources:

NuScale Power, Investing.com, Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SMR Insider Trading Activity

$SMR insiders have traded $SMR stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $SMR stock by insiders over the last 6 months:

CORP FLUOR has made 0 purchases and 3 sales selling 39,936,472 shares for an estimated $472,764,063.
ROBERT RAMSEY HAMADY (Chief Financial Officer) has made 0 purchases and 3 sales selling 49,880 shares for an estimated $483,432.
SHINJI FUJINO sold 20,000 shares for an estimated $177,160
CARL M. FISHER (Chief Operating Officer) sold 18,771 shares for an estimated $175,734

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$SMR Hedge Fund Activity

We have seen 315 institutional investors add shares of $SMR stock to their portfolio, and 165 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 13,008,142 shares (+101.2%) to their portfolio in Q2 2026, for an estimated $130,471,664
VAN ECK ASSOCIATES CORP added 9,278,802 shares (+46.3%) to their portfolio in Q2 2026, for an estimated $93,066,384
TWO SIGMA INVESTMENTS, LP added 7,932,077 shares (+213.0%) to their portfolio in Q2 2026, for an estimated $79,558,732
RENAISSANCE TECHNOLOGIES LLC removed 5,455,800 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $54,721,674
GEODE CAPITAL MANAGEMENT, LLC added 3,101,204 shares (+83.2%) to their portfolio in Q2 2026, for an estimated $31,105,076
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 2,278,420 shares (+244.5%) to their portfolio in Q2 2026, for an estimated $22,852,552
HRT FINANCIAL LP removed 2,247,770 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $22,545,133

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SMR Price Targets

Multiple analysts have issued price targets for $SMR recently. We have seen 3 analysts offer price targets for $SMR in the last 6 months, with a median target of $13.0.

Here are some recent targets:

Vikram Bagri from Citigroup set a target price of $7.0 on 05/11/2026
Ryan Pfingst from B. Riley Securities set a target price of $19.0 on 04/24/2026
Samantha Hoh from HSBC set a target price of $13.0 on 04/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.