NuScale Power Surges to 138th in Trading Volume with $638 Million Day Despite Stock Decline

On June 3, 2025, NuScale Power (SMR) experienced a significant trading volume of $638 million, marking an 88.21% increase from the previous day. This surge placed NuScale at the 138th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of NuScale Power (SMR) decreased by 0.75%.

NuScale Power has achieved a significant milestone with the approval of its upgraded 77 MWe small modular reactor (SMR) design by the U.S. Nuclear Regulatory Commission (NRC). This approval is a crucial step for the company as it moves closer to commercializing its technology. The new design, known as the US460, is an enhanced version of the original 50-MWe design that was approved by the NRC in 2020. This upgraded design will enable NuScale's partner, Entra1 Energy, to provide a broader range of off-takers and consumers with reliable, carbon-free energy. The plans include deploying units by 2030, with each plant housing six 77-MWe modules.

John Hopkins, the CEO of NuScale, highlighted the importance of this approval, stating that it marks a historic moment for both the company and the industry. He emphasized that the NRC's rigorous safety standards are internationally recognized and respected, making this approval a crucial step toward providing clean, reliable, and safe energy. Hopkins also mentioned that NuScale is in discussions with five "tier-one hyperscalers" to build SMRs, although he could not disclose their names due to nondisclosure agreements.

Despite the approval, NuScale faced challenges with its previous project, the Carbon Free Power Project, which aimed to deploy a set of 77-MWe SMRs at Idaho National Laboratory. The project was abandoned in late 2023 due to financing hardships. However, Hopkins expressed optimism about continuing work with other domestic and international customers to bring NuScale's American SMR technology to market and grow the U.S. nuclear manufacturing base.