By Courtney Carlsen, The Motley Fool
Publication Date: 2026-10-17 22:25:00
NuScale Power stock has plunged, but it could soar if the company secures a deal for the largest small modular reactor deployment in U.S. history.
Key Points
NuScale could benefit from the rising demand for nuclear energy for data centers and other industry operators.
The stock has fallen more than 90% from its peak one year ago on sector weakness and selling pressure from Fluor, an early investor.
A binding deal with the Tennessee Valley Authority for up to 6 GW of power could transform NuScale’s outlook.
Nuclear energy stocks are becoming closely tied to the data center build-out. Alphabet‘s Google recently signed a 20-year power purchase agreement with Constellation Energy, the U.S.’s largest nuclear operator, to support its growing power needs. After its Oct. 6 announcement, Constellation’s stock soared 12%, and other nuclear energy stocks followed suit.
One intriguing stock in the space is NuScale Power(NYSE: SMR), an early-stage developer of small modular reactors (SMRs). As…
