NuScale Power shares fell over 5% on Thursday, September 10.
Piper Sandler initiated coverage with a split rating across the advanced nuclear sector. Investor concerns regarding project financing and commercialization timelines pressured the stock price.
The market reaction highlights a disconnect between future AI energy demand and the company's current lack of binding power purchase agreements. NuScale reports limited revenue despite holding the only NRC-certified small modular reactor (SMR) design.
The company now faces pressure to convert its technological lead into signed commercial contracts.