NuScale will reclaim its 52-week high with commercial progress.
The company could deploy 72 modules for the biggest SMR project in U.S. history.
I predict that a $1,000 investment in NuScale Power (NYSE: SMR) at $10 a share could be worth $5,742 by 2030, if commercial progress helps it reclaim its 52-week high of $57.42.
NuScale hit that price of $57.42 in mid-October 2025. Although that was hardly a year ago, Wall Street's enthusiasm for nuclear stocks was considerably higher. Investors were valuing nuclear as a potential power source for AI data centers, whose own expansion was giving investors reason to believe a nuclear revival was just around the corner.
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Image source: NuScale Power.
I suspect that many investors didn't realize how slowly nuclear moves. No one impulsively buys a reactor: It can take years to get a project going and years to finish it. And NuScale, though still the only U.S. company with an NRC-certified small modular reactor (SMR) design, got punished with a roughly 83% sell-off for not being as close to commercial deployment as investors had probably hoped.
NuScale still hasn't notched that first deployment, but it's not up a creek without a paddle. Through its commercial partner ENTRA1 Energy, NuScale could deploy up to 72 modules to the Tennessee Valley Authority (TVA) across multiple sites. That one project alone could generate significant revenue for NuScale. Indeed, if the TVA proposal becomes a binding agreement, investors would have a much stronger reason for revisiting NuScale stock.
Of course, an old high is no guarantee of a future return, and NuScale isn't immune to market volatility. Still, I think there will be enough demand for power in the future to help NuScale earn its way back to that former high. This time, however, I think it will be binding agreements, not hype, that help it get there.
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Steven Porrello has positions in NuScale Power. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy.