Added to YB: 2025-11-18
Pitch date: 2025-11-14
SMR [bearish]
NuScale Power Corporation
+17.76%
current return
Author Info
Iceberg Research identifies substantial earnings misrepresentation and accounting irregularities in financial statements issued by public companies. Sign up for the newsletter.
Company Info
NuScale Power Corporation provides small modular reactor technology solutions. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe).
Market Cap
$5.2B
Pitch Price
$22.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
-30.45
P/E
-9.52
EV/Sales
64.11
Sector
Electrical Equipment
Category
N/A
NuScale Wants to Sell 72 Reactors to a Company Based in a WeWork Office Shared with NuScale
SMR (short): 18 years, zero reactor sales despite 15 MOUs since 2019. Paid ENTRA1 $495M for non-binding TVA MOU; ENTRA1 shares NuScale's Houston WeWork address, no nuclear experience. Main shareholder Fluor exiting 32% stake by Q2 2026. CEO sold all holdings. SMRs cost $196/MWh vs gas $78-122/MWh, not deployable until early 2030s.
Read full article (18 min)