5 Best Uranium Stocks to Buy According to Wall Street Analysts

3. NuScale Power Corporation (NYSE:SMR)

Stock Upside: 61.09%

Number of Hedge Fund Holders: 32

NuScale Power Corporation (NYSE:SMR) is one of the best uranium stocks to buy according to Wall Street analysts. On May 7, NuScale Power Corporation (NYSE:SMR) reported its Q1 FY2026 financial results, posting revenue of just $565,000. This was a massive decline from the $13.4 million recorded in Q1 2025.

According to management, the revenue collapse was a timing issue. That is, in Q1 FY2025, the company recognized a one-time $7.3 million payment from its Romanian partner RoPower under a technology license agreement. There were also substantial engineering fees from Fluor’s Front-End Engineering and Design, or FEED, Phase 2 work supporting the Romania project. Neither of these had a comparable equivalent in Q1 FY2026 as both programs concluded in late 2025.

The results also showed that the company posted a net loss of $0.14 per share against the $0.11 loss per share in Q1 FY2025. Management explained that this wider loss emanated from higher operating costs as the company ramps up commercial activities. Also, total operating losses deepened to $57.5 million from $35.3 million a year ago, and these were driven by R&D expenses, which rose $3.7 million, G&A costs, which crept up $1.6 million due to higher headcount and organizational expenses, and a catch-all “other expenses” line, which jumped $10 million because more engineering staff were deployed on internal project readiness work rather than billable commercial projects.

One positive offset was investment income, which nearly doubled to $10.8 million from $5.2 million a year ago. NuScale’s $1 billion cash reserve, which the company said was built through prior equity raises, generated meaningful returns in a higher-rate environment.

NuScale Power Corporation (NYSE:SMR) is a nuclear technology company. It develops small modular reactor technology designed to provide scalable, carbon-free baseload electricity generation. The company’s flagship product is the NuScale Power Module, a compact light-water reactor designed to generate electricity for utility-scale and industrial applications.