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.
While we acknowledge the risk and potential of SMR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SMR and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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