NuScale Power to Host Fourth Quarter and Full Year 2024 Earnings Conference Call

NuScale Power (NYSE: SMR), a leading provider of advanced small modular reactor (SMR) nuclear technology, has announced that it will host a conference call to discuss its fourth quarter and full year 2024 financial results. The call is scheduled for Thursday, February 27, 2025, at 5:00 p.m. ET. The company will release its financial results after market close on the same day.

NuScale Power has been making significant strides in the SMR market, with its innovative and proprietary technology. The company's SMRs are designed to be safe, scalable, and reliable, making them an attractive option for various applications, including electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.



In the third quarter of 2024, NuScale reported a year-over-year reduction in operating expense of $52.7 million, reflecting its efforts to reduce costs and operate more efficiently. The company also reported an operating loss of $41.0 million, compared to $92.9 million in the year-earlier period, demonstrating its progress in narrowing its losses.



NuScale's strategic and operational performance throughout 2024 has seen both progress and setbacks. The company has made significant advancements in its business development activities, including securing a contract with Fluor to proceed with the Front-End Engineering and Design (FEED) Phase 2 study for the RoPower Doicești SMR power plant in Romania. This project is the first of its kind in Europe, demonstrating NuScale's international expansion and growth potential.

However, NuScale has also faced challenges, such as the cancellation of the Carbon Free Power Project (CFPP) in Utah and its subsequent layoffs. These setbacks highlight the importance of NuScale's upcoming earnings conference call, where the company will provide an update on its financial performance and discuss its strategic plans for the future.

Investors and stakeholders will be eager to hear NuScale's outlook for the company, as well as its plans to address the risks and challenges it faces in the competitive SMR market. The conference call will provide an opportunity for NuScale to discuss its progress, address any concerns, and reaffirm its commitment to delivering safe, scalable, and reliable carbon-free energy solutions.



In conclusion, NuScale Power's fourth quarter and full year 2024 earnings conference call is an important event for investors and stakeholders to stay informed about the company's financial performance and strategic plans. As NuScale continues to make progress in the SMR market, its upcoming earnings call will provide valuable insights into the company's future prospects and its ability to navigate the challenges and opportunities that lie ahead.