NuScale Power’s (SMR) Shares Down After Jim Cramer Said It’d Be Years Before Anything Meaningful Came Out

NuScale Power Corporation (NYSE:SMR) is one of Jim Cramer’s Hottest Nuclear Energy Stock Picks, Hits & Misses. NuScale Power Corporation (NYSE:SMR) is a nuclear reactor company that primarily designs small modular nuclear reactors. Its shares are down by 34% over the past year and by 42% since Cramer discussed the firm on Mad Money. From the start of January to late July, NuScale Power Corporation (NYSE:SMR)’s shares surged by 147% and since then, the stock is down by 76%. The shares closed 21% higher on May 13th after the firm reported its earnings for the first quarter. However, they closed 14% lower on November 6th after NuScale Power Corporation (NYSE:SMR) reported its third-quarter earnings report. The results saw the firm post a $1.85 loss per share, which was significantly higher than the $0.14 loss that analysts had penciled in. Earlier in the month, NuScale Power Corporation (NYSE:SMR) closed another 4% lower on the 3rd after multiple analysts were out with bearish notes for the firm. In his Mad Money appearance, Cramer warned against long delivery timelines:

“When it comes to nuclear power over-enthusiasm, we’ve seen some of these smaller companies that offer alternatives to the current plants, they worry me. Companies like Oklo with nuclear fission capabilities, NuScale Power with small form factor technology, they’re exciting, but they’re also years from developing anything meaningful. Or as my friend Michael Cembalest. chair of the Market and Investment Strategy group at J.P. Morgan wrote in his… 2025 outlook, ‘What nuclear renaissance? Wake me when we get there.”

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