NuScale Down 38% in 2026: What the Next Five Years Could Hold for Small Nuclear

NuScale Power, one of the pioneers in the small modular nuclear reactor (SMR) market, suffered a painful drop in share price in 2026, losing around 38% of its market capitalization. The main reasons were delays in the implementation of commercial projects and difficulties in securing financing. Nevertheless, the long-term prospects for the technology remain attractive: leading technology companies, including Microsoft and Amazon, are actively seeking reliable sources of low-carbon energy for their data centers. Some analysts estimate that demand for SMRs could surge sharply by the end of the decade as regulatory processes are completed. Investors considering NuScale need to factor in high risks: the company is still unprofitable and dependent on raising new capital.