This Stock Is Down 40% in 2026. Here's What the Next 3 Years Could Realistically Look Like.
NuScale Power has fallen sharply in 2026, but its next three years may hinge on two projects now in development.
Intelligence analysis by GPT-5.4 Mini
The Motley Fool says NuScale Power, the first U.S. company with an NRC-approved small modular reactor design, has not yet deployed a commercial reactor. Over the next three years, the stock’s path likely depends on progress at its Romania project, the TVA deployment, and whether its partner ENTRA1 Energy lands data center customers.
NuScale is like a tree that was planted early but has not yet grown fruit. The article says its future depends on whether two big projects keep moving and whether more customers show up for its power plans.
Analysis
What the article says
NuScale Power has become a symbol of both excitement and frustration around nuclear energy’s comeback. It was the first U.S. company to win NRC approval for a small modular reactor design in 2020, but it still has not put a commercial SMR into service.
The article frames the next three years as a range of outcomes rather than a precise forecast. In a cautious scenario, NuScale would keep advancing slowly, with attention centered on its two active projects: the SMR plant in Romania and the planned 6 GW deployment tied to the Tennessee Valley Authority.
A more bullish path would involve commercial partner ENTRA1 Energy landing customers in the data center market. That would matter because growing electricity demand from AI and data centers is a major reason investors are watching nuclear names. If the TVA project moves closer to completion, the company could begin to show meaningful revenue momentum, and that could help validate the technology for additional U.S. deployments.
The core risk
The article’s main warning is timing. Even with approval and big narratives around nuclear power, NuScale’s first SMR is still expected to be several years away. That leaves investors relying on development progress, project wins, and partner execution rather than operating cash flow from a live plant.
Key points
- NuScale is still the only U.S. company with an NRC-certified SMR design.
- The company has not yet deployed a commercial small modular reactor.
- Its next three years likely depend on the Romania project and the TVA deployment.
- ENTRA1 Energy could matter if it lands data center customers.
- The first NuScale SMR is not expected to come online for several more years.
If NuScale keeps advancing its current projects, the company could move closer to real revenue and prove that its technology works outside the planning stage. Success with ENTRA1 Energy and the TVA project could also help unlock more SMR deployments in the U.S.
If the projects keep moving slowly, investors may be left waiting years before seeing a commercial reactor online. Without clear progress or customer wins in the data center market, the stock may keep looking like a promise rather than a business with near-term results.
